Aiteo Eastern Exploration and Production in debt restructuring talks with First Bank of Nigeria

Aiteo Eastern Exploration and Production in debt restructuring talks with First Bank of Nigeria

Jeune Afrique Business+ has learned from the group managing director Victor Okoronkwo. le syndicat de banques emmené par First Bank of Nigeria et comprenant une majorité d’établissements de la place y compris Ecobank Nigeria,

Someone shares this article with you
            ▪ Aiteo Eastern Exploration and Production in debt restructuring talks with First Bank of Nigeria

▪ Jeune Afrique Business+ has learned from the group managing director Victor Okoronkwo. le syndicat de banques emmené par First Bank of Nigeria et comprenant une majorité d’établissements de la place y compris Ecobank Nigeria,

https://www.africabusinessplus.com/en/805080/aiteo-eastern-exploration-and-production-is-in-debt-restructuring-talks-with-its-lenders/

All parameters of the company’s debt are under consideration as part of the talks with bank syndicate led by First Bank of Nigeria and including Zenith Bank, Guaranty Trust Bank, Sterling Bank, Union Bank of Nigeria, Fidelity Bank, Ecobank Nigeria and AFC, which began shortly before the COVID-19 pandemic, Victor Okoronkwo said. The discussions to date have been “fruitful” and Okoronkwo said he hopes that an agreement can be reached “as soon as possible.”

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Oil & Gas

08/12/2020 at 08h40, by Africa Business+, updated 09/12/2020

“We will initially source alumina from Germany” Fadi Wazni says of UMS’ Alteo refinery takeover

Jeune Afrique Business+ was joined in conversation by the boss of the Guinean transport and logistics...

Advisory

20/11/2020 at 17h28, by Africa Business+

Bank

15/07/2020 at 14h06, by Africa Business+

News

15/01/2020 at 17h22, by Aurelie Benoit, updated 19/01/2021

Nigeria’s Lekoil hit by the cancellation of Qatari funding

The oil company believed it had concluded a loan agreement with the Qatari sovereign wealth fund for...

Oil & Gas

06/01/2020 at 17h28, by Aurelie Benoit, updated 07/01/2020

Gas: Qatar signs a big check for Nigeria’s Lekoil field ($184 million)

The company, which specialises in oil exploration and production in Nigeria and West Africa, is set...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.