Oil and Gas Contract Finance

The product is designed to meet the funding requirements of indigenous oil and gas companies who are either customers or prospects of FirstBank.


  • It is self-liquidating: The facility is contingent upon receipt of contract proceeds after successful completion of milestone.
  • The facility is short tenured: The facility tenure is mostly between 90-360 days depending on the contract being executed.
  • The bank provides up to 70% of cost of contract execution and not cost of contract value.
  • The product has essentially domiciliation of contract proceeds as the sole comfort except where facility is in excess of N50million for Project Finance which must be secured with tangible collateral.



  • Increased profitability.


Accompanying Documents

  • Contract Documents.
  • Financial statement (audited).
  • Evidence of past job(s) executed (copies of payment advice).
  • Customer’s application Letter.

The product is available to both new & existing customers of the Bank who can apply through any of the FirstBank branches. 

You may also like…


Import & Export Finance: Helps you facilitate your import and export and track all your transactions.


FirstPay: Effect payment of staff salaries, vendor/supplier and 3rd party payments with FirstPay.

Customs Duty: Walk into any of our branches to pay your custom duties of goods imported into the country.

Share this:

Press like to get our latest offers on Facebook