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Afreximbank announces an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited

Afreximbank announces an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited
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Afreximbank, UBA announce disbursement of $2.25b crude oil prepayment facility by NNPCL

A second tranche of $1.05 million is expected to be disbursed subsequently. ....

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Afreximbank, UBA Announce Initial Disbursement of US$2.25bn Under Syndicated US$3.3bn Crude Oil Prepayment Facility

(AFRICAN EXAMINER) - 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 billion has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. United Bank for Africa Plc (UBA) acted ....

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Afreximbank Disburses $2.25bn Syndicated Crude Oil Facility Under NNPCL Sponsorship

By Tony Obiechina, Abuja Afreximbank has announced an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited. The Facility will enhance Nigeria’s macroeconomic stability and long-term economic growth, while enabling access to raw materials and trade development efforts. Raising such a significant ....

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