Heirs Energy has secured a $750 million financing facility from the African Export-Import Bank to reinforce its financial position, advance asset development, and improve production efficiency across its oil and gas operations.
Market participants say the facility will also enhance the company’s ability to fund new investments and improve operational efficiency amid a tighter global financing environment for energy projects.
Afreximbank said the financing aligns with its broader mandate to support African-owned enterprises, expand energy security on the continent, and deepen local participation across strategic industries.
The bank has increasingly focused on structured funding solutions that enable African firms to scale operations while managing currency and liquidity risks.
Heirs Energy is expected to deploy the funds toward field development, infrastructure upgrades, and working capital needs, positioning the company to play a larger role in Nigeria’s evolving energy landscape.
The financing also provides flexibility to pursue growth opportunities as asset divestments by international oil companies continue to reshape the sector.
Industry analysts note that access to long-term funding remains a key constraint for many indigenous producers. The Afreximbank facility therefore represents a strategic advantage for Heirs Energy, allowing it to plan expansion with greater certainty while navigating cost pressures and regulatory requirements.
The transaction underscores Afreximbank’s expanding footprint in Africa’s energy financing market and highlights growing confidence in Nigerian-led oil and gas operators.
As Nigeria seeks to boost production, improve domestic capacity, and attract capital into the sector, deals of this scale are expected to play a critical role in sustaining output and investment momentum.
With the new funding in place, Heirs Energy is positioned to deepen its participation in Nigeria’s oil and gas value chain, while Afreximbank strengthens its role as a key financier of the continent’s strategic growth sectors.