African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3b crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25b has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. This landmark financing is Nigeria’s largest crude oil prepayment facility and one […]
The post Afreximbank, UBA announce $2.25b disbursement Under Syndicated $3.3b crude oil prepayment facility appeared first on The Guardian Nigeria News – Nigeria and World News.