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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) ....

South Sudan , United Arab Emirates , United Bank , New York , United States , France General , City Of , United Kingdom , Federal Republic Of Nigeria , Mele Kolo Kyari , Oliver Alawuba , Benedict Oramah , Nigerian National Petroleum Company Limited , Onshore Account Bank , Bank Afreximbank , Gunvor International , Africa Plc , Sahara Energy Resources , African Export Import Bank , Local Arranger , Sahara Energy Resources Limited , Chad Egypt , Sole Mandated Lead Arranger , Modelling Bank , Facility Agent , Offshore Account Bank ,