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Nigeria secures $428 million German investment deal as Europe deepens Africa energy push

Nigeria secures $428 million German investment deal as Europe deepens Africa energy push

The agreement, signed in Abuja on Thursday, includes a €65 million commitment for financial and technical cooperation, alongside a €300 million export credit guarantee framework designed to support long-term investments and trade projects in Nigeria. Using the current Forbes currency converter rate of €1 to $1.17, the total package is worth roughly $428 million

Africa Forward Summit: How Nigeria and France are Building a New Business Bridge – THISDAYLIVE

Africa Forward Summit: How Nigeria and France are Building a New Business Bridge – THISDAYLIVE

The 10th France-Nigeria Business Council, held on the sidelines of the Africa Forward Summit in Nairobi recently, underscored the growing economic partnership between Nigeria and France as Paris expands its engagement beyond its traditional Francophone allies. With bilateral trade reaching $4.7 billion in 2025 and Nigeria remaining the largest destination for French investment in sub-Saharan Africa,…