Sterling Bank partners Renaissance to expand financing for indigenous oil and gas contractors

Sterling Bank Limited (‘Sterling Bank’) has entered into a strategic financing partnership with Renaissance Africa Energy Company Limited (‘Renaissance’) to improve access to capital for indigenous oil and gas contractors, strengthening the capacity of Nigerian businesses to execute critical energy projects and contribute to the country’s production ambitions.
The partnership, formalised through a Memorandum of Understanding (MoU), brings Sterling Bank into the renewed Renaissance Vendor Financing Scheme (RVFS), a structured financing programme designed to address one of the longstanding challenges confronting indigenous service providers in Nigeria’s oil and gas industry: access to tim...