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US$3 3BN Crude Facility Sponsored By NNPC: Afreximbank, UBA Announce Initial Disbursement of US$2 25 billion

US$3 3BN Crude Facility Sponsored By NNPC: Afreximbank, UBA Announce Initial Disbursement of US$2 25 billion
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Afreximbank, UBA announce disbursement of $2 25bn under a syndicated $3 3bn crude oil prepayment facility sponsored by NNPC Ltd — National Accord Newspaper

Afreximbank, UBA announce disbursement of $2 25bn under a syndicated $3 3bn crude oil prepayment facility sponsored by NNPC Ltd — National Accord Newspaper
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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)

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