Tony Elumelu's Heirs Energies acquires a 20% stake in Seplat Energy for $500 million. This landmark deal marks a pivotal moment for indigenous participation in Nigeria's oil sector and the rise of Africapitalism. Discover the full story.
Wale Tinubu commends Femi Otedola and Tony Elumelu for major transactions reshaping Nigeria's energy sector. Otedola's Geregu Power exit and Heirs Energies' Seplat stake acquisition signal strong investor confidence. Read more.
Tony Elumelu declares Africa's capacity to own and manage its resources as Heirs Energies completes a major $500 million acquisition in Seplat Energy, backed by African banks.
Heirs Energies, led by Tony Elumelu, has acquired a 20.07% stake in Seplat Energy for $500 million. The deal, backed by Afreximbank, marks a major shift towards indigenous ownership in Nigeria's energy sector. Read the full story.
Tony Elumelu's Heirs Energies acquires a 20.07% stake in Seplat Energy from Maurel & Prom for $500 million, marking a major shift in indigenous ownership of Nigeria's energy assets. Read the full details.
Chappal Energies secures a $430 million reserve-based lending package to refinance its acquisition of Equinor's Nigerian assets and fund development. This deal highlights investor confidence in well-structured African upstream projects despite tight capit
Heirs Energies secures a landmark $750 million financing from Afreximbank, marking a major vote of confidence in Nigeria's indigenous energy sector. Read the full story.
Barrister Ngozi Ekeoma, Group MD of Nepal Energies, shares her journey, the role of integrity in business, and her vision for Nigeria's energy sector. Discover how her leadership created over 2000 jobs.
Chappal Energies alleges the EFCC declared its MD wanted, bypassing legal procedures and an existing court injunction. The company questions the motive behind the public notice.
Chappal Energies alleges EFCC violated court injunction by declaring MD wanted. Company questions legality of public notice amid ongoing civil dispute. Read full details.
Aba faces power outage after historic 60-day uninterrupted supply. Gas shortage from Heirs Energies disrupts Geometric Power operations. Learn how this affects Nigeria's industrial hub.