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Oando secures $375m injection from Afreximbank and Mercuria

…eyes 100,000 barrels per day Oando PLC has announced that its upstream subsidiary, Oando Oil Limited, has successfully increased its reserve-based loan facility to $375 million following capital injection from Afreximbank and Mercuria. The announcement was detailed in a disclosure filed with the Nigerian Exchange (NGX) on June 4, 2025, …

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