Heirs Holdings acquires 45% of OML 17 for $1.1bn

Heirs Holdings acquires 45% of OML 17 at $1.1bn

Heirs Holdings acquires 45% of OML 17 for $1.1bn   Heirs Holdings (HH), in partnership with affiliated company, Transnational Corporation of Nigeria Plc (Transcorp), has announced its acquisition of acquisition of a 45 per cent participating interest Nigerian oil licence OML 17 and related assets costing $1.1 billion The acquisition was done through TNOG Oil and Gas Limited, a subsidiary of Heirs Holdings and Transcorp, from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI. In addition, TNOG Oil and Gas Limited will have sole…

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Nigerian Stock Investors Close Session N33bn Richer

Investors recoup N88bn amid depressed stock turnover

As Transcorp pulls 37.75 trade interest Investors in the Nigerian capital market closed activities on Tuesday on a profit of N33 billion as the equities segment of the market sustained bull run for the fourth session in a row. According to trading statistics from the Nigerian Stock Exchange (NSE), the profit recorded on Tuesday spurred the market value by 0.25 per cent as the All-Share Index (ASI) and market capitalization closed higher at 25,291.73 basis points and N13.195 trillion per share respectively. Although, the gain was recorded by 15 stocks,…

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