Press Releases

General Electric and Heirs Holdings Partnership

GE and Heirs Holdings Partner to expand footprint in the Oil And Gas Services Sector

December 8, 2014
Lagos, Nigeria, 2 December 2014 — General Electric (GE) and Heirs Holdings (HH) have agreed to expand their existing relationship to jointly pursue opportunities in Nigeria’s Oil and Gas industry.

The Tony Elumelu Foundation Entrepreneurship Programme Launched $100m programme to empower next generation of African entrepreneurs 

December 1, 2014
Lagos, Nigeria, 1 December 2014 – The Tony Elumelu Foundation has announced the launch of a $100m Pan-African entrepreneurship initiative – The Tony Elumelu Foundation Entrepreneurship Programme – a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.
ENEF LAUNCH

Tony O. Elumelu Launches Empowerment Fund to Revitalise Distressed Communities across Nigeria

October 16, 2014
Abuja, Nigeria October 16 2014 – Tony O. Elumelu Founder of The Tony Elumelu Foundation and Chairman of Heirs Holdings has announced the launch of The Elumelu Nigeria Empowerment Fund.
ExxonMobil Nigeria and Tenoil Petroleum Commence Ata Field Drilling



ExxonMobil Nigeria and Tenoil Petroleum Commence Ata Field Drilling



October 3, 2014
Lagos, Nigeria, 8 October 2014 — Tenoil Petroleum & Energy Services (Tenoil), a subsidiary of Heirs Holdings, is pleased to announce that it has reached an agreement with Mobil Producing Nigeria Unlimited (MPN), an ExxonMobil subsidiary, for the drilling of an appraisal well on the Ata Field.
Seadrill and Heirs Holdings partnership

Seadrill and Heirs Holdings Launch New Deep Water Drill for Total

September 30, 2014
GEOJE, SOUTH KOREA, 26 September — On Friday, Tony O. Elumelu, Chairman of Heirs Holdings, an African investment company, commissioned the sail away of Seadrill Nigeria Limited’s sixth-generation drill ship, the West Jupiter.

Why Transcorp Hotels IPO is a Good Deal

September 27, 2014
I am delighted to inform you that the initial public offer (“IPO” or “the Offer”) of 800,000,000 ordinary shares of Transcorp Hotels Plc (“Transcorp Hotels”) opened today and the shares are now available to the investing for subscription.
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UBA Group Appoints Tony O. Elumelu as Chairman

August 25, 2014
The Board of United Bank for Africa Plc (UBA) today announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi.

Africa Is Open for Business, Ready for Investment

August 1, 2014
The U.S.-Africa Leaders Summit in Washington next week should be about much more than aid The three-day U.S.-Africa Leaders Summit being convened by President Obama in Washington next week could be a defining moment for the African continent as it emerges on the world stage.

Transcorp, NNPC sign production sharing contract on Opl 281

May 5, 2014
May 3, 2014, Lagos, Nigeria. In a major boost to its vision of creating a leading energy platform, Transnational Corporation of Nigeria Plc (Transcorp), [TRANSCOR:NL], is pleased to announce that it has signed a Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) for the development of its oil block OPL 281.

TRANSCORP ANNOUNCES GROUP PROFIT BEFORE TAX OF N3.77BN

April 15, 2014
    PRESS RELEASE   TRANSCORP ANNOUNCES GROUP PROFIT BEFORE TAX OF N3.77BN FOR THE THREE-MONTHS ENDED MARCH 31, 2014. Lagos, Nigeria – April 14, 2014 – Transnational Corporation of Nigeria Plc (“Transcorp”) has announced the results of its first quarter 2014 operations.