African Export-Import Bank (Afreximbank)

Oando announces $550 million participation in NNPCL-sponsored finance facility

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Oando announces 0 million participation in NNPCL-sponsored finance facility

Oil driller Oando Plc said it partook in the closure of a $925 million accordion arranged and coordinated by the African Export-Import Bank (Afreximbank) for Project Gazelle, a crude oil-backed forward-sale finance facility sponsored by Nigerian National Petroleum Corporation Limited (NNPCL). An accordion allows a borrower to increase the maximum limit permitted on a loan … Read more

Afreximbank announces initial disbursement to Nigeria

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Afreximbank announces initial disbursement to Nigeria

African Export-Import Bank (Afreximbank) said it has successfully arranged a syndicated $3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPC Ltd). The bank in a statement posted on its website said an initial disbursement of $2.25 billion has been made. NNPC Ltd and Afreximbank had in August last year … Read more