Tag: investment
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General Hydrocarbons Limited Vs. First Bank of Nigeria: The Facts, Half-Truths, and Fiction

General Hydrocarbons Limited (GHL) has disputed First Bank of Nigeria’s (FBN) claim of a $225 million loan, stating that the relationship between the two companies is a project finance agreement, not a normal commercial loan. According to a press statement released by GHL, the company was approached by FBN to finance the exploration, development, and…
