Nigeria $225m infrastructure deal.

Position:DEALS - Brief article
 
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Seven Energy International, Accugas Limited, FBN, First Bank of Nigeria, UBA, FCMB and Stanbic IBTC signed a $225 million Syndicated Medium Term facility to be used towards refinancing the $55m debt secured for the Akwa Ibom gas pipeline project, with the balance of $170m to be used towards part financing the cost of expanding its gas processing facilities and building a new gas pipeline to supply gas to the Calabar NIPP power plant.

The Calabar Project involves...

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