Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    PIPELINE: Paramount Leaders, Stakeholders Commend PINL Operations In Rivers

    January 22, 2023

    Birthday Bash of Princess Jayden Iseghohimen in South Africa.* 

    January 22, 2023

    Intercontinental Prophet, Joshua Iginla Reveals God’s mind on Tinubu, Wike, Peter obi and others As he released 2023 prophecies

    January 3, 2023
    Facebook Twitter Instagram
    Megastar Magazine
    • Politics

      2023: ‘One Day Governors’ Urge Nigerians To Vote For Tinubu As Nigerian President Under APC

      December 5, 2022

      Tinubu/Shettima Ticket: Outrage over Babachir Lawal’s Comments On Channels Television

      November 26, 2022

      APC appoints SDNON President, Femi Davies, as Ogun State Publicity Committee chairman

      November 23, 2022

      NED NWOKO BEGINS DELTA NORTH SENATORIAL CAMPAIGN.

      November 7, 2022

      Canadian PM Assures Of Greater Ties, Welcomes Nigeria Conference Of Speakers of State

      September 19, 2022
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment December 14, 2022

      Zambian finest and NOLLYWOOD Actress SHERINNE PHIRI win big at AMPMAN FILM FESTIVAL IN TURKEY

      Recent

      Zambian finest and NOLLYWOOD Actress SHERINNE PHIRI win big at AMPMAN FILM FESTIVAL IN TURKEY

      December 14, 2022

      TOP NOTCH NOLLYWOOD ACTORS SET FOR 20TH NOLLYWOOD FILM FESTIVAL IN GERMANY 

      July 14, 2022

      AMPMAN SUPPORTS MEMBER WITH ONE MILLION NAIRA.

      June 4, 2022
    • Business

      It’s Double Honours for Aruwa Capital Management CEO, Adesuwa Rhodes In London

      October 17, 2022

      Olu of Warri Presented With Key to the City of Brampton.

      June 14, 2022

      T’suut’ina Nation Calgary Canada twin Warri Kingdom for Trade, Investment and Cultural exchange. 

      June 3, 2022

      Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.

      May 26, 2022

      Investor, Entrepreneur, and Women Empowerment advocate, Adesuwa Listed Among Top 40 under 40 Black Women In Asset Management globally

      May 13, 2022
    • Health

      MALARIA VACCINE ; NED NWOKO FOUNDATION MEETS SANARIA INC FOR COLLABORATION ON PRODUCTION OF AN EFFECTIVE VACCINE.

      June 23, 2022

      Wuwu Ore: Frenzy As Olori Atuwatse lll Brings Succour To Delta Community 

      April 4, 2022

      Olori Atuwatse III To Champion Free Medical Outreach In Delta

      December 8, 2021

      2021 Keffi Polo: Immortalize Late Capt Hosa Organizers Urged FG

      November 12, 2021

      Ned Nwoko Foundation to lead partners in promotion and Implementation of RTSS malaria vaccine

      October 13, 2021
    • Culture

      An Uninformed Generation -By Douglas Ogbankwa Esq.

      June 26, 2022

      Tsuut’ ina Nation Receives Olu of Warri In Canada Amid Pomp And pageantry 

      June 3, 2022

      Olu of Warri To Visit Canada, Set To Explore Investment Opportunities.

      May 25, 2022

      Christmas Without Captain Hosa Okunbo

      December 26, 2021

      [Watch] Thanksgiving Ceremony – 30 years of Lee Engineering Construction & Company Limited

      December 17, 2021
    • Lifestyle

      King Brutus celebrates Princess Omoye Iseghohimen on her birthday.

      November 11, 2022

      Titilayo Eboh Mary, The Woman With A Passion For Giving Titilayo Eboh-Mary, The

      October 31, 2022

      SPECIAL BIRTHDAY GREETING TO ESAMA OF BENIN AT 88

      September 22, 2022

      SPECIAL TRIBUTE TO MAMA MERCY EZEGWU EBERE OCHOGA

      September 9, 2022

      ERELU OKIN: FOOTPRINTS OF A BENEVOLENT PEACOCK

      August 14, 2022
    • Sports

      World Tennis champion, Serena Williams retires after winning 73 titles in 27 years, bids farewell at US Open.

      September 6, 2022

      Late Capt. Hosa Immortalize As Keffi Polo Tournament Dedicates Trophy

      November 16, 2021

      2021 Keffi Polo: Immortalize Late Capt Hosa Organizers Urged FG

      November 12, 2021

      PRINCE HON NED NWOKO UNVEILS NED NWOKO ANIOMA CUP 2021

      March 28, 2021

      NFF President Amaju Pinnick Elected into FIFA Executive Council

      March 13, 2021
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home»Business»Mars E&P secures $274 million facility from AFREXIM Bank
    Business

    Mars E&P secures $274 million facility from AFREXIM Bank

    Ifetayo AdeniyiBy Ifetayo AdeniyiNovember 25, 20212 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email
    Mars Exploration & Production Company Limited has secured a USD 274 million senior reserve-based lending facility from Afreximbank.
    Signed yesterday at the ongoing Intra-African Trade Fair IATF in Durban, South Africa by its Founder and Executive Chairman, Mr. Abdullahi Bashir, Mars E & P is to utilize the proceeds of this financing towards the funding of growth and expansion opportunities as well as general corporate purposes.
    The financing package will facilitate Mars E&P’s acquisition of 51% equity interest in OMLs 123, 124, 126 and 137. In addition, the financing package will help boost oil production for the country as it incorporates a $50m tranche to increase daily production from 25,000 barrels per day to 50,000barrels per day by 2023.
    Its Executive Chairman, Mr. Abdullahi Bashir, who is also the Group Managing Director of the AA&R Investment Group, stated “we are elated and proud to have secured this financing deal with Africa’s leading bank. It will enable Mars E&P further strengthen its position as an emerging player in the global E&P space through the enrichment of our upstream asset portfolio”
    In fulfilment of its commitment to support the next generation of African business leaders, Afreximbank affirmed that this was the largest deal signed with an African youth and the bank was extremely proud of Abdullahi’s landmark achievement.
    As one of the energy subsidiaries under the AA & R Investment Group, Mars E & P Ltd commenced operations in 2019 and currently owns interests in two marginal oil field assets.
    Incorporated in 2019, Mars exploration & production is an indigenous, Nigerian upstream energy company with a core focus on the exploration, development, and production of natural hydrocarbon reserves in the Niger Delta basin. Our goal is to ensure that our operational activities yield optimal returns on investments while creating sustainable long-term value for all the stakeholders in our chain. We are devoted to operating responsibly and safely for human and environmental benefits.

    AFREXIM Featured Major Mars E&P
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleOchacho’s Midas Touch As Otukpo Wears New Look
    Next Article Telegraph honour late Capt. Okunbo, Lawan, Sanwo-Olu, Emefiele others
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News December 25, 2022

    NED NWOKO FELICITATES WITH CHRISTIANS AT CHRISTMAS, URGES PEACE AND LOVE AMONG NIGERIANS.

    News December 14, 2022

    SDNON Loses Member, Michael Alonge

    News November 2, 2022

    Ben tv london emerges as Best Nigerian Television in Diaspora at NMNO Award.

    News October 24, 2022

    Joshua Iginla condemns the cruel Attack on Apostle Suleman(Video)

    Business October 17, 2022

    It’s Double Honours for Aruwa Capital Management CEO, Adesuwa Rhodes In London

    News October 16, 2022

    How Family, Friends Surprised Nollywood Big Screen, Regina Daniels on her Birthday*

    Leave A Reply Cancel Reply

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Don't Miss
    People January 22, 2023

    PIPELINE: Paramount Leaders, Stakeholders Commend PINL Operations In Rivers

    PIPELINE: Paramount Leaders, Stakeholders Commend PINL Operations In Rivers. Following adherence to core professionalism…

    Birthday Bash of Princess Jayden Iseghohimen in South Africa.* 

    January 22, 2023

    Intercontinental Prophet, Joshua Iginla Reveals God’s mind on Tinubu, Wike, Peter obi and others As he released 2023 prophecies

    January 3, 2023

    NED NWOKO GREETS NIGERIANS AT NEW YEAR: HARPS ON RESCUE MISSION.

    January 3, 2023

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    We are Multimedia company that specializes in Events Coverage and Planning, Media Publicity, Publishing, Awards and Outsourcing in giving styles to your event and creating brand visibility for your products and services.

    Email Us: info@megastarmagazine.com
    Contact: +234 705 311 1111

    Our Picks

    PIPELINE: Paramount Leaders, Stakeholders Commend PINL Operations In Rivers

    January 22, 2023

    Birthday Bash of Princess Jayden Iseghohimen in South Africa.* 

    January 22, 2023

    Intercontinental Prophet, Joshua Iginla Reveals God’s mind on Tinubu, Wike, Peter obi and others As he released 2023 prophecies

    January 3, 2023
    New Comments
    • Nene on Ohanaeze Ndigbo Women Solicits for a Panacea Peace,Unity Progress and promotes culture
    • Favour Egbune on EXCLUSIVE INTERVIEW: LOVE TO WORK WITH BURNABOY SOON, SAYS KENDRICK AWE.
    • Akpobo on Olu of Warri: Ex-President Jonathan Congratulates Tsola Says His Emergence Divinely Ordained
    • Austine on God is my role model,every other person copied from other people in a way or two – Hopey J
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2023 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.