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This is the best time to invest in Nigeria, says Elumelu

This is the best time to invest in Nigeria, says Elumelu
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Heirs Holdings $1 1bn OML 17 deal demonstrates renewed confidence in Nigeria s economy

By Udeme Akpan, Energy Editor THE investment of over $1billion by Heirs Holdings in the acquisition of the strategic Oil Mining License, OML 17 from Shell, ENI and Total, has been described by various analysts as a very positive affirmation of confidence in the robustness of the Nigerian economy. In a telephone interview with Energy Vanguard, weekend, President, Oil and Gas Service Providers Association of Nigeria, Maxi Colman Obasi, said: “At a time of increased pessimism globally and in Nigeria, the huge deal shows a welcome light on the opportunities that are available in Nigeria. Heirs Holdings is a committed indigenous business and the presence of Transcorp, Nigeria’s largest listed conglomerate, with over 300,000 shareholders in the transaction would impact on operations.”

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Analysts: Heirs Holdings $1 1bn OML 17 Deal Renews Confidence in Economy

Peter Uzoho The investment of over $1billion by Heirs Holdings (HH) in the acquisition of the strategic OML 17 from Shell, ENI and Total, has been described by various analysts as a positive affirmation of confidence in the robustness of the Nigerian economy. The analysts described the deal as a welcome light on the opportunities that are available in Nigeria, especially given the increased pessimism globally and in Nigeria. They highlighted the credentials of Heirs Holdings as a committed indigenous business and the presence of Transcorp, Nigeriaâs largest listed conglomerate, with over 300,000 shareholders in the transaction. According to them, the deal further demonstrates the ability of the Tony Elumelu-led Heirs Holdings to spearhead Africaâs economic resurgence amidst the calamity posed by COVID-19 pandemic.

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Drilling against All Odds

SIMONKOLAWOLELIVE! BY SIMON KOLAWOLE If I’m honest, there has not been much to cheer about Nigeria in recent times. As someone who always tries to keep a positive attitude towards life a disposition that makes me celebrate little successes here and there I’ve found it very hard to cope. The news is always about one abduction or another, Boko Haram attacks, banditry and whatnot. More so, the second wave of COVID-19 is hurting so badly, taking away precious medical personnel and further crushing our extremely stretched and perennially inadequate medical facilities. It has so disrupted the education system we don’t even know when our students will write exams or graduate anymore. It can be overwhelming.

Niger deltaNigeria generalAbuja federal capital territoryElumelu africapitalismBuba babuTony elumeluTunde ayeniMuhammadu buhariGoodluck jonathanIbrahim babangidaMohammed ahmaduIdahosa okunboKola alukoAustin avuruOlusegun obasanjoJide omokore