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

equities gain

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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