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.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
Read full article
Continue on Daily Trust
Share
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Free · one email per week · unsubscribe anytime
Related Stories
Business
Afrexim Bank and Heirs Energy Sign $750M Energy Deal in Nigeria
Business
Heirs Energy Acquires 20.07% Stake in Seplat Energy for $500 Million
Business
Heirs Energy Acquires 20.07% Stake in Seplat Energy for $500 Million
Business
Heirs Energy Acquires 20.07% Stake in Seplat Energy for $500 Million
Business
Heirs Energy Acquires $500M Stake in Seplat Energy, Transforming Nigerian Energy Landscape
Business
Afreximbank Supports Levene Energy's Acquisition of Axxela with $64M Investment
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
