Global Trade Alert
Global Trade Alert

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

Announcement

22 Aug 2024

In August 2024, Afreximbank announced USD 350 million in support of Oando Petroleum and Natural Gas Company Limited's acquisition of a 20% interest in a Nigerian joint venture.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Aug 2024

Revocation date:

No revocation date

Updated: 22 Aug 2024
State loan In force

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 US...

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