Afrexim Bank and Heirs Energy Sign $750M Energy Deal in Nigeria

Afrexim Bank and Heirs Energy finalized a $750 million financing deal in Abuja, Nigeria, aiming to enhance the energy sector. The agreement involves increasing oil production from 25,000 to over 100,000 barrels per day within three years.

Toni Elumelu praised Afrexim Bank's catalytic impact and emphasized the importance of financial support for entrepreneurs. Samuel Nwanze, Heirs Energy's CFO, highlighted the project's disciplined approach and operational capacity.