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Linda Larbie's Blog Posts Tagged 'Nigeria' (2)

13 Nigerian Banks Support Oando’s Growth Aspirations - Complete N60billion facility

Oando PLC, Nigeria’s largest indigenous energy group, is pleased to announce that it has concluded and drawn down on a N60 billion facility provided by thirteen leading financial institutions in Nigeria. The financing, coordinated by the mandated Lead Arrangers First Bank, Guatanty Trust Bank and StanbicIBTC Bank, is a five year Medium Term Note (MTN) to aid the company’s commitment to sustain profitability and enhance growth.

Oando’s investments across the energy value chain have… Continue

Added by Linda Larbie on August 6, 2010 at 5:05pm — No Comments

IFC and IFC ALAC Fund Invest in First Bank of Nigeria to Support Nigeria’s Banking Sector

IFC, a member of the World Bank Group, and IFC Asset Management Company today announced a $100 million investment in First Bank of Nigeria that will provide the bank with long-term capital. IFC’s investment is part of its strategy to support Nigeria’s reform efforts.

IFC is encouraged by the financial sector reform policies that have stabilized the banking sector and positioned it for solid expansion in the future. First Bank of Nigeria is well positioned to realize strong profitable… Continue

Added by Linda Larbie on August 2, 2010 at 3:35pm — No Comments

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