The African Export-Import Bank has said that it provided $650m funding for Oando’s acquisition of the 100 percent stake in the Nigerian Agip Oil Company Limited. The Continental Bank disclosed this in a statement on Friday. The bank noted that it successfully arranged a senior $500 million and a junior $150 million reserve-based lending facility for Oando Petroleum and Natural Gas Company Limited, which made the NAOC possible. The facility was used to finance Oando’s acquisition of the 20 percent participating interest held by Nigerian Agip Oil Company Limited in the NEPL/NAOC/Oando Joint Vent…