Discordant tunes over NNPC Ltd's $3.3bn Afreximbank facility
Discordant tunes over NNPC Ltd’s $3.3bn Afreximbank facility
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Discordant tunes over NNPC Ltd’s $3.3bn Afreximbank facility
Financial analysts have said that for the board and management of Africa’s Global Bank, United Bank for Africa (UBA) Plc, there was no other better way of
The African Export-Import Bank and the United Bank for Africa have disbursed $2.25bn of the $3.3bn oil-for-cash loan facility.
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
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)