The Nigerian National Petroleum Company and African Export-Import Bank have agreed to deepen cooperation aimed at supporting energy development and industrial growth across Africa.

The discussions took place in Abuja during a meeting between NNPC Group Chief Executive Officer Bashir Ojulari and Afreximbank President George Elombi at the NNPC Towers.

According to NNPC, the company outlined its “Enterprise First” strategy, which focuses on improving operational performance, execution, and profitability while positioning the national oil company as a preferred business partner.

Both organisations also agreed to maintain regular strategic engagements focused on advancing energy projects and industrialisation on the continent. The first of such meetings is expected to take place later this year.

Part of the discussions centred on the proposed African Energy Bank, which will be headquartered in Abuja. NNPC reaffirmed its intention to increase its investment in the initiative.

Afreximbank, on its part, pledged continued financial support for NNPC through structured financing arrangements, refinancing opportunities, and risk-sharing mechanisms aimed at expanding Nigeria’s oil and gas sector.

The partnership is expected to support broader efforts to strengthen energy infrastructure and financing capacity across Africa.