Nigeria’s oil regulator on Friday granted UTM Offshore Limited the first license to operate a floating liquefied natural gas plant, to tap flared gas from an ExxonMobil (XOM.N) oil field in the…
Read More Afreximbank committs over $5bn as Nigeria licenses first floating LNG plant for export and domestic use
The African Export-Import Bank has disbursed a $40m Intra-African Investment Facility to support Fidelity Bank Nigeria Plc’s acquisition and recapitalisation of Union Bank UK. The facility, provided in two tranches…
Read More Afreximbank supports Fidelity Bank’s UK expansion with $40m
Afreximbank has disbursed $925 million to Nigeria’s state-owned NNPC, part of a syndicated $3.3 billion crude oil-backed prepayment facility, the African trade bank said on Thursday. This brings the total…
Read More Afreximbank disburses $925 million crude oil-backed loan to NNPC
Landmark financing is largest syndicated loan ever raised by Nigeria in the international market and one of the largest syndicated transactions in Africa in recent years. Facility will support Nigeria’s…
Read More Afreximbank, UBA announce an initial disbursement of US$2.25bn under a syndicated US$3.3bn crude oil prepayment facility sponsored by NNPCL
