Loan-for-crude: Oando reveals $550m contribution to Afrexim Bank facility

Indigenous oil company, Oando Plc, has announced that it contributed $550m to the $925m disbursed to the Federal Government by the African Export-Import Bank under the $3.3bn crude oil-backed finance facility sponsored by the Nigerian National Petroleum Company Limited. In a corporate notice filed with the Nigerian Exchange Limited on Friday, the oil company said

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