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FCMB, Stanbic IBTC syndicate FHN’s $280m oil block acquisition
First City Monument Bank and Stanbic IBTC Bank are providing a $280 million (N44.8 billion) syndicated loan for the acquisition of 45 percent interest in OML 26 (an oil block) from Shell Petroleum Development Company of Nigeria Limited( SPDC) Total E and P Nigeria and the Nigeria Agip Oil Company, by First Hydrocarbon Nigeria (FHN).
[Read more on Businessday Nigeria]
Added: over 1 year ago (December 01, 2011 @ 07:22PM)
Source: Businessday Nigeria
