Wetin dey happen for Lagos wey go make you reason am well? Heirs Energies don land one big financial coup as dem secure 20.07% equity stake for Seplat Energy, and dis deal worth about $500 million! Make we break am down small.

Dem acquire 120.4 million ordinary shares for GBP3.05 each. Na real mouthful wey go shake the energy sector. Tony Elumelu wey be the chairman of Heirs Energies yarn say, ‘This acquisition show our swagger for Africa to sabi how to manage our own resources.’ E no even end there, dem say na long-term investment to boost energy security and industrial growth for Nigeria and Africa. Na dem sabi the koko!

The wahala no stop for there, as two big African financial bodies, Afreximbank and AFC join body to support dis wicked move. Dem really show wetin e mean to get homegrown support for investment. Heirs Energies dey operate OML 17 for Niger Delta, producing over 50 thousand barrels of oil per day and 120 million cubic feet of gas. Dem get reserves wey reach over 1.5 billion barrels of crude oil and 2.5 trillion cubic feet of gas! Dis one be big flex!

Dis company no just dey meet energy needs, but dem dey respect environment well well. Na so dem don become top player for gas production wey dey fire Nigerian homes and factories with sweet energy. No wonder dem dey call dem the ‘brownfield excellence leader’ since 2021, as dem don solve majority of the issues wey dey face onshore operations for Naija!

For Seplat Energy side, them na independent oil and gas company wey dey run for Niger Delta too. As of December 2024, dem get over 1 billion barrels of reserves and dey produce about 135.6kboepd! Na dem dey lead the charge for Nigeria’s energy transition. Seplat dey listed for both Nigerian and London Stock Exchanges, but this new partnership fit just push dem forward.

So, as e be, dis acquisition no be just about the money. Na serious matter of positioning for future energy needs for Nigeria and Africa. Na only people wey sabi wetin dem dey do fit understand say e fit mean plenty change for energy landscape. As we dey watch, e go sweet if naija fit fit stand up for im own, no be so? Make we dey monitor as things dey unfold o!