The African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) have successfully disbursed $2.25 billion from the $3.3 billion oil-for-cash loan facility arranged by the Nigerian National Petroleum Company Limited (NNPCL). According to a statement from UBA over the weekend, the initial disbursement has been completed, and a second tranche of $1.05 billion … Continue reading Afreximbank, UBA Disburse $2.25 Billion in Oil-for-Cash Loan for NNPC