US EditionAfreximbank, Heirs Energies Seal $750 Million Financing ...
The $750 million loan will fund Heirs Energies' plan to double oil output to 100,000 barrels per day and support Nigeria’s growing domestic energy demand, Afreximbank said.
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Afreximbank Backs Heirs Energies With $750-Million Facility, Boosting Nigeria's Domestic Energy Capacity
Abuja, Nigeria, 22 Dec. 2025: - African Export-Import Bank (Afreximbank) and Heirs Energies Limited have announced a landmark US$750-million financing partnership designed to optimise Heirs Energy's capital structure and unlock critical liquidity to support its working capital requirement as it pursues its ambitious field development programme. The investment is expected to significantly transform Nigeria's domestic energy capacity as demand ris…
Nigerian oil giant Heirs Energies secures $750M loan
Nigerian oil and gas company Heirs Energies secured a $750 million loan from the African Export-Import Bank, to boost investment into an oil field that has doubled in capacity in four years.Heirs Energies is among a rising crop of indigenous firms looking to dominate the exploration landscape in Africa’s top oil-producing country and is part of a conglomerate owned by the Nigerian banking magnate Tony Elumelu. The company’s oil field in southern…
With the gradual withdrawal of majors and the divestiture of assets deemed complex, Nigerian local producers such as Heirs Energy take over, strengthening their strategic role in oil and gas production and power supply to the national electricity grid.
Afreximbank provides US$750 million financing to Heirs Energies for field development
News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/afreximbank-provides-us750-million-financing-to-heirs-energies-for-field-development/The African Export Import Bank (Afreximbank) has entered into a 750 million United States dollars financing partnership with Heirs Energies Limited in a deal expected to strengthen Nigeria’s domestic energy supply and support the company’s oil and gas expansion progra…
Afreximbank boosts Nigeria’s domestic energy capacity with $750m facility for Heirs Energies
African Export-Import Bank (Afreximbank) and Heirs Energies Limited have announced a landmark US$750-million financing partnership designed to optimise Heirs Energy’s capital structure and unlock critical liquidity to support its working capital requirement as it pursues its ambitious field development programme. The investment is expected to significantly transform Nigeria’s domestic energy capacity as demand rises. Signed by Dr. George Elombi,…
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