Oando secures $650m Agip deal with AfrexInsure’s backing

Oando Plc has sealed a $650 million deal with Nigerian Agip Oil Company, backed by risk management solutions from AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank. The agreement further strengthens the business relationship between Oando and Afreximbank, ensuring the company’s investment in Nigeria’s energy sector is safeguarded through tailored insurance solutions. A

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