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Loan-for-crude: Oando reveals $550m contribution to Afrexim Bank facility

Indigenous oil company, Oando Plc, has announced that it contributed $550m to the $925m disbursed to the Federal Government by the African Export-Import Bank under the $3.3bn crude oil-backed finance facility sponsored by the Nigerian National Petroleum Company Limited.
Benedict Oramah Ayotola Jagun Oando Plc Nigerian Exchange Limited On Nigerian National Petroleum Company Federal Government

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

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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)
South Sudan United Arab Emirates United Bank New York United States France General

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

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