Nigerian tycoon Tony Elumelu’s UBA stake hit hard as naira devaluation sends shockwaves
The devaluation of the naira has eroded the gains that Elumelu would have enjoyed from the surge in UBA’s shares.
Nigerian tycoon
Nigerian tycoon Tony Elumelu’s UBA stake plummets $4.1 million in just three weeks
Elumelu has seen a sharp decrease in his net worth in the past three weeks.
Nigerian tycoon Temitope Lawani-linked Vivo Energy to acquire controlling stake in Engen
Lawani holds a direct 1.55-percent stake in Vivo Energy.
Nigerian tycoon Tayo Amusan-led Shoprite Nigeria restates expansion plans
Shoprite Nigeria is owned by Ketron Investment Limited, an investment group led by Amusan.
Nigerian tycoon Herbert Wigwe to pocket $700,000 in interim dividends from Access Holdings
Access Holdings is Nigeria’s largest financial services group in terms of assets.
Nigerian tycoon Herbert Wigwe’s Access Holdings gets approval to acquire Lagos-based First Guarantee Pension
Wigwe holds a 4.26-percent stake in the pan-African group.