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Global Trade Alert

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Nigeria: Afreximbank enters into a USD 1 billion MoU with Bestaf Exploration and Production Ltd.

Description

On 19 November 2021, Afreximbank announced a USD 1 billion Memorandum of Understanding (MoU) with Bestaf Exploration and Production Ltd for the development of the facilities for gas monetisation. Acco...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Nov 2021

Revocation date

No revocation date

Implementation level

IFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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