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Afreximbank announces an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited

This landmark financing is the largest syndicated loan ever raised by Nigeria in the International market and one of the largest syndicated debts raised in Africa in recent years;The Facility will...
South Sudan Al Qahirah United Bank Federal Republic Of Nigeria Mele Kolo Kyari Benedict Oramah

Afreximbank, UBA Announce Initial Disbursement of US$2.25bn Under Crude Oil Prepayment Facility

January 14, (THEWILL) - African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 million has been made. A second tranche of US$1.05 million is expected to be disbursed subsequently. United Bank for Africa Plc (UBA)
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Afreximbank, UBA Announce Initial Disbursement of US$2.25bn Under Syndicated US$3.3bn Crude Oil Prepayment Facility

(AFRICAN EXAMINER) - African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. United Bank for Africa Plc (UBA) acted
United Arab Emirates New York United States France General City Of United Kingdom

Afreximbank Disburses $2.25bn Syndicated Crude Oil Facility Under NNPCL Sponsorship

By Tony Obiechina, Abuja Afreximbank has announced an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited. The Facility will enhance Nigeriaโ€™s macroeconomic stability and long-term economic growth, while enabling access to raw materials and trade development efforts. Raising such a significant
Abuja Federal Capital Territory South Sudan Federal Republic Of Nigeria Oliver Alawuba Mele Kolo Kyari Tony Obiechina

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