BP gets $5bn loans on oil sales

first_imgMonday 16 August 2010 8:43 pm Show Comments ▼ whatsapp Beleaguered energy giant BP?has secured $5bn (£3.2bn) fresh financing by securing debt against its revenues from oil sales for the first time. It is understood the debt will be used to ease BP’s general liquidity position rather than to fund the $20bn escrow account set up to pay for damages caused by its gargantuan oil spill off the coast of Louisiana in the US. BP said the loans created “further flexibility for BP as an alternative form of financing in addition to its more conventional debt financing such as corporate lending”. KCS-content BP gets $5bn loans on oil sales Tags: NULL whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sharelast_img read more

E-Tranzact International Plc (ETRANZ.ng) 2018 Annual Report

first_imgE-Tranzact International Plc (ETRANZ.ng) listed on the Nigerian Stock Exchange under the Technology sector has released it’s 2018 annual report.For more information about E-Tranzact International Plc (ETRANZ.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the E-Tranzact International Plc (ETRANZ.ng) company page on AfricanFinancials.Document: E-Tranzact International Plc (ETRANZ.ng)  2018 annual report.Company ProfileE-Tranzact International Plc is a technology company in Nigeria offering services for electronic transaction switching and payment processing. The company has operations in Nigeria, Ghana, Kenya, Zimbabwe, South Africa, Cote d’Ivoire and the United Kingdom. E-Tranzact International Plc has established partnerships with universities, government authorities, parastatals, financial institutions, technology firms and aviation companies offering solutions for everything from cash dispensing machines and international money transfers to payments of salaries and third parties. BankIT is an alternative payment option that is accessible through multiple electronic channels; eTranzact CorporatePay allows private organisations and government agencies to automatically handle third party and salary payments; mCommerce is a mobile banking application; eRemit is an online international money transfer service; eTranzact Strong Authentication provides two-factor authentication for ATM, POS, mobile and web transactions; ATM CardlexCash is a global payment network; eTranzact WebConnect accepts and processes merchant payments; eTranzact PayOutlet allows merchants to collect payments from customers through eTranzact branches. eTranzact International is a subsidiary of eTranzact Global Limited. Its head office is in Lagos, Nigeria. E-Tranzact International Plc is listed on the Nigerian Stock Exchangelast_img read more