The African Export-Import Bank (Afreximbank) has been identified as the funding source of the $783 million acquisition of Nigerian Agip Oil Company Limited (NAOC) by Oando Petroleum and Natural Gas Company Limited. The multilateral lender provided a senior $500 million and a junior $150 million reserve-based lending facility to Oando for the acquisition. According to [...]The post Afreximbank finances Oando’s acquisition of NAOC appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
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