African gas conglomerate fires up market

Standard Chartered is one of two banks that will act as advisors to Nigeria Liquefied Natural Gas (Nigeria LNG) as it seeks a $2bn loan for a big infrastructure project. The gas supplier approached banks with a request for proposals and selected Standard Chartered and one other, as yet unconfirmed, bank after the winners offered to underwrite 100% of the deal, according to a senior banker whose tender was unsuccessful.