President William Ruto has called for expanding the mandate and financial muscles of regional lenders to help mobilise more domestic resources for development across the continent.
In acknowledgment of her outstanding impact on global trade, Dr. Nneka Onyeali-Ikpe, Managing Director and CEO of Fidelity Bank, has been recognized as
Oando Plc, an indigenous energy company, at the weekend announced a successful $550 million participation in the Project Gazelle financing deal, raising the total disbursed amount to $925 million in the deal sponsored by the Nigerian National Petroleum Company Limited (NNPCL).
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.
As the naira continues to weaken near the 1,500/dollar band at the official and parallel foreign exchange market, the Federal Government has received a lifeline of $925m from the Afrieximbank to boost the forex market and meet its dollar obligations.