This product provides finance for stock of white petroleum products (PMS, AGO and DPK) to existing or new customers who are registered members of IPMAN and authorized dealers of Major Oil Marketing Companies such as Oando Plc, African Petroleum (AP) Plc, Mobil Oil Nigeria Plc, Conoil, MRS Oil, Total Nigeria Plc etc.
- Competitive Pricing
- Flexible collateral structure
- Flexible tenor
- Provides opportunity to increase volume of business as well as margins through consistent growth in turnover through credit financing.
1) What do I need to qualify for this facility?
Must provide evidence of dealership with a registered IPMAN or Major Oil Marketing Company.
2) Do I have to be an existing customer of FirstBank?
No, but you must have been a customer of a reputable Bank for not less than 1 year.
3) Do I need to have any prior experience as a petroleum product dealer to be financed by the Bank?
Yes, you should have been in the business for not less than 3 years.