Acquisition of Petroleum Tankers

[NIGERIA]

Acquisition of petroleum tankers. Financing arranged by Nationwide Finance.

 

 

 

 

 

 

 

 

In January 2010, Nationwide successfully raised a working capital import facility for $24,556,950 for its client in Nigeria using its oil contract from the Nigerian National Petroleum Corporation (NNPC) as collateral, to raise a local bank guarantee from Skye Bank of Nigeria for the acquisition of seagoing oil tankers. Nationwide Equipment coordinated all logistical movements through the Asian Pacific waters safely to the Niger Delta. Nationwide accepted customer’s deferred payment terms by Local Bank Guarantee.

 

Financing: Arranged by Nationwide Finance which successfully raised required offshore capital on behalf of Skye Bank of Nigeria.

Dollar Amount: $24,556,950 (millions)

Nationwide Finance partners with Skye Bank.

 

 

 

 

 

 

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