Full List: 13 Banks Behind Renaissance’s N6trn Oil Vendor Fund

New owner of British oil giant Shell’s Nigerian onshore business lines up $4.1 billion in contractor financing with 13 banks

Renaissance Africa Energy, the company operating Shell’s former Nigerian onshore business, has lined up a $4.1 billion dollar-denominated financing portfolio with 13 banks to help local contractors execute its projects.

Renaissance Africa Secures $4bn, ₦435bn Vendor Financing Deal With 13 Banks

Renaissance Africa Energy Company Limited has secured a financing agreement with 13 banks to make $4 billion and ₦435 billion available through a vendor financing scheme aimed at supporting businesses in Nigeria’s oil and gas industry. The arrangement is designed to improve local businesses’ access to funding, potentially easing a key financing challenge for suppliers […]

First Bank, Guarantee Trust Bank, UBA, Other Commits $4.1 Billion In Financing Capacity For Renaissance Energy Contractors

Yemisi Izuora FirstBank, Guaranty Trust Bank, Zenith Bank, Access Bank, United Bank for Africa, Stanbic IBTC, Standard Chartered, First City Monument Bank, Sterling Bank, Wema Bank, Union Bank, The Infrastructure Bank and the African Export-Import Bank, have committed $4.1 billion and ₦435 billion in financing capacity for contractors working with Renaissance Africa Energy, which operates [...]

Full List: 13 Banks Behind Renaissance’s N6trn Oil Vendor Fund

Lagos — Renaissance Africa Energy Company Limited has partnered 13 banks to provide a subscribed financing portfolio of $4.1 billion and N435 billion to indigenous oil and gas contractors, as the company pursues an ambitious production growth programme. The Renaissance Vendors Financing Scheme (RVFS) was unveiled at a Memorandum of Understanding (MoU) signing ceremony in […]