Fidelity Bank Joins Shell’s $3bn Contractor Finance Facility
Fidelity Bank Joins Shell's $3bn Contractor Finance Facility Nigeria's indigenous oil and gas contractors have received a significant financial boost as Fidelity Bank Plc joins forces with Shell Nigeria Exploration and Production Company Limited (SNEPCo) and nine leading banks to launch a $3 billion Contractor Finance Facility. The initiative is expected to improve access to funding, strengthen local content development and accelerate critical energy projects across the country. Nigeria's oil and gas industry has received a major financing boost as Fidelity Bank Plc partners Shell Nigeria Exploration and Production Company Limited (SNEPCo) and nine leading financial institutions to launch a…