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UBA provides $200m for Nigeria’s petroleum industry

...acts as Lead Arranger for $1.5bn facility to boost oil production, government revenue

The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as an Initial Mandated Lead Arranger with a consortium of Nigerian commercial and international banks in a $1.5 Billion Pre-Export Finance Facility for Eagle Export Funding Limited, to enable the forward sale of crude by the Nigerian National Petroleum Corporation…



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