Billionaire Tony Elumelu expands his energy empire, acquiring a 20.07% stake in Seplat Energy for $496 million. The deal makes Heirs Energies the largest shareholder and is expected to significantly increase his net worth. Read the full details.
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.
The Nigerian equities market closed the last Monday of 2025 on a bullish note, with investors gaining N541.73 billion. The All-Share Index rose 0.55% as the Santa Claus rally extended post-Christmas.
Access Holdings plans a N40bn private placement in foreign currency to meet CBN's recapitalisation rules and fund expansion. The move comes as the March deadline nears.
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.
The Nigerian Exchange closed positive on Tuesday, December 2, 2025, with investors gaining over N1.29 trillion. The All-Share Index rose by 1.20%. Read the full market analysis.
Transsion's REVOO brand launches 4 electric motorcycle models in Lagos, promising lower costs and eco-friendly rides. Discover the A11, A12, C32 & E52 specs.
A young homeless man's life changed forever after a spontaneous performance at a Lagos event. Tony Elumelu and other guests gifted him over N2 million and job offers. Read his incredible story.
A Nigerian father's profound response to a man worried about having no sons goes viral. Discover why your achievements matter more than male heirs for legacy.
Investors on the Nigerian Exchange lost a staggering N2.1 trillion in one week as the market closed low. Discover the top gainers, decliners, and key market trends.
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.
First Bank of Nigeria Holdings Plc announces staggering N450.9 billion profit as it strategically positions itself for Central Bank of Nigeria's banking sector recapitalisation requirements.
Nigerian financial giant Access Holdings PLC has finalized a historic acquisition of National Bank of Kenya, marking one of Africa's largest cross-border banking transactions worth ₦179 billion.
Nigeria's premier banking institution, FirstBank, has successfully redeemed its $350 million Eurobond, demonstrating robust financial health and reinforcing investor confidence in the Nigerian banking sector.