22/12/2025
Afreximbank backs Heirs Energies with $750-million facility, boosting Nigeria?s domestic energy capacity
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Heirs Energies Limited have announced a landmark US$750-million financing partnership designed to optimise Heirs Energyrsquo;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 Nigeriarsquo;s domestic energy capacity as demand rises. Signed by Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, and Mr. Tony O. Elumelu CFR, Chairman of Heirs Energies Limited, the dual-tranche senior secured reserve-based lending facility, concluded during a...
