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Will Elumelu’s $500m Seplat stake boost Nigeria’s energy future?

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55d ago 2 votes

Heirs Energies has acquired a 20.07% equity stake in Seplat Energy Plc—previously owned by Maurel & Prom S.A.—in a transaction valued at about $500 million. The deal strengthens indigenous ownership in Nigeria’s energy sector and aligns with Heirs Energies’ long-term strategy to deepen local participation, improve energy security, and support...

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