United Bank for Africa Plc (UBA) and the African Export-Import Bank (Afreximbank) have announced an initial disbursement of $2.25 billion under a syndicated $3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). A second tranche of $1.05 million is expected to be disbursed subsequently. This is the largest syndicated loan ever raised…

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