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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...
The loan is also expected help Nigerian authorities meet forex demand and improve the value of the Nigerian currency.
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
African Export-Import Bank (Afreximbank) has announced the successful disbursement of the initial tranche of the syndicated $3.3 billion crude oil prepayment
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)