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Nigeria: Afreximbank contributes USD 350 million to support Oando Petroleum and Natural Gas Company

Description

On 22 August 2024, the African Export-Import Bank (Afreximbank) contributed USD 350 million to a loan facility for Oando Petroleum and Natural Gas Company Limited. The total facility amounted to USD 6...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

22 Aug 2024

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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