Heirs Energy Secures $750M Financing Deal with Afreximbank for Energy Expansion

Heirs Energy, led by Toni Elumelu, signed a $750 million financing agreement with Afreximbank in Abuja. The deal aims to boost the company's oil and gas operations, with plans to increase crude oil production to 100,000 barrels per day.

Samuel Nwanz, the company's executive director, highlighted the fund's purpose to scale operations and drive energy sufficiency in the country.