Heirs Energies

Redefining Nigeria’s power and purpose the Heirs Energies’ way

By DAN AIGBANGBE A seismic shift is vibrating through the sprawling onshore fields of the Niger Delta. In January 2021, a $1.2 billion landmark deal sent a clear signal to the global markets: Heirs Energies had arrived. By acquiring a 45% stake in OML 17 from Shell, Total, and ENI, the company did more than purchase

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On CBN’s integration of BDCs as pathway for stable Naira

By MICHAEL NWADIKE The decision of the Central Bank of Nigeria, CBN, to permit participation of licensed Bureau De Change, BDC, operators in the Nigerian Foreign Exchange Market has triggered massive gain for the Naira and narrowing of gaps between official and parallel market rates. By allowing each BDC to purchase up to $150,000 weekly, the

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BDCs’ integration boosts FX market liquidity, opens pathway for stable naira

By Michael Nwadike THE decision of the Central Bank of Nigeria (CBN) to permit participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market has triggered massive gain for the naira and narrowing of gaps between official and parallel market rates. By allowing each BDC to purchase up to $150,000 weekly,

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