The joint English and Nigeria team of Olaniwun Ajayi has advised National Petroleum Company Limited (NNPC Limited) in connection with the US$3.3 billion secured structured finance facility, strategically aimed at bolstering Nigeria\u2019s foreign exchange reserves for macroeconomic stability and economic growth.<\/p>\n\n\n\n
The financing was led by Africa Export-Import Bank in its capacity as the mandated lead arranger and United Bank for Africa Plc acted as the local arranging bank. The lending consortium for the initial phase of the financing included Africa Export-Import Bank, Africa\u2019s multilateral trade finance institution, Gunvor International BV, a Geneva-based multinational energy and commodities trading company and Sahara Energy Resources Limited, an African-owned, leading international energy and infrastructure conglomerate.<\/p>\n\n\n\n
According to the Managing Partner, Dr. Tominyi Owolabi<\/strong>, who led the Nigeria deal team, \u201cthis is an innovative and pioneering milestone for NNPC Limited as a key player in driving Nigeria\u2019s economic resilience and it underscores investors\u2019 sustained appetite for well-structured oil and gas transactions on the African continent\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":" The joint English and Nigeria team of Olaniwun Ajayi has advised National Petroleum Company Limited (NNPC Limited) in connection with the US$3.3 billion secured structured finance facility, strategically aimed at bolstering Nigeria\u2019s foreign exchange reserves for macroeconomic stability and economic growth. The financing was led by Africa Export-Import Bank in its capacity as the mandated […]<\/p>\n","protected":false},"author":1,"featured_media":1276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,7],"tags":[5,8,9],"class_list":["post-1274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deal-announcement","category-news","tag-africa-export-import-bank","tag-nnpc-limited","tag-uk-law-firms"],"acf":[],"_links":{"self":[{"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/posts\/1274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/comments?post=1274"}],"version-history":[{"count":0,"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/posts\/1274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/media\/1276"}],"wp:attachment":[{"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/media?parent=1274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/categories?post=1274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oalp.vr4creativity.com\/london\/wp-json\/wp\/v2\/tags?post=1274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}