Nigerian businessman Tony Elumelu awards $5-million seed capital to 1,000 African entrepreneurs
Each recipient is set to receive a $5,000 non-refundable seed capital to kickstart their entrepreneurial endeavors.
Tony Elumelu
Nigerian tycoon Tony Elumelu launches Heirs Technologies to lead digital transformation in Africa
Heirs Technologies is set to play a pivotal role in shaping Africa’s digital future. The launch signifies a crucial moment in the continent’s technological advancement.
Tony Elumelu’s Heirs Energies expands gas supply operations to boost power generation in Nigeria
The recent success of Heirs Energies is linked to strategic acquisitions.
Tony Elumelu advocates privatization of Nigeria’s electricity transmission lines
Elumelu urged the government to facilitate the transfer of idle gas assets or fields to capable Nigerian investors, fostering gas-related investments and efficient electricity production.
Nigerian tycoon Tony Elumelu to list Transcorp’s Power assets on NGX, targets $1.1 billion market cap
The listing, scheduled for Mar. 4, aims to generate value for investors and signifies a pivotal move in the conglomerate’s commitment to creating value from its business units.
Tony Elumelu’s UBA commits to attracting investments in ECOWAS mining sector
The pledge was reaffirmed at the fourth ECOWAS Mining and Petroleum Forum in Cotonou, Benin.
Nigerian tycoon Tony Elumelu urges private sector approach to unlock national asset value
Elumelu’s influence extends beyond his roles at UBA, where he serves as chairman, and other entities like Transnational Corporation of Nigeria Plc and Heirs Holdings.
Companies owned by Nigerian multimillionaire businessman Tony Elumelu
Beyond his ventures, Elumelu champions entrepreneurship. The Tony Elumelu Foundation empowers African entrepreneurs through seed capital, training, and mentorship.
Nigerian tycoon Tony Elumelu’s Transcorp hits $160-million revenue milestone in 2023
Elumelu, through his investment firm HH Capital, holds a commanding 29.5-percent stake in Transcorp, owning 11,990,957,350 ordinary shares.
Nigerian tycoon Tony Elumelu’s energy company surpasses production milestone
Elumelu acknowledges Heirs Energies’ team for industry leadership, applauds CEO for pioneering impact.
Tony Elumelu becomes third Nigerian businessman to hold stakes in two trillion-naira companies
This achievement, following in the footsteps of Femi Otedola and Abdul Samad Rabiu, highlights the growing influence of Nigerian business leaders.
Nigerian businessman Tony Elumelu gains $14 million from UBA stake
Tony Elumelu, with his 7.39-percent stake in UBA, equivalent to 2,527,372,285 shares, stands out as one of the Nigerian Exchange’s most affluent investors
Nigerian tycoon Tony Elumelu’s UBA secures $175-million facility from AfDB
The facility will enhance UBA’s capacity to finance crucial projects in Nigeria, with a focus on infrastructure, agriculture, and related value chains.
Tony Elumelu rakes in $14 million as UBA becomes a billion-dollar bank
The recent 23.73-percent surge in UBA’s shares over the past 48 days has strengthened its position as one of the most valuable companies on the Nigerian Exchange.
Nigerian tycoon Tony Elumelu’s UBA inks $6-billion deal to boost small businesses across Africa
Babatunde Ajayi, the head of SME Banking at UBA, spoke about the initiative during the Nigerian Canadian Business Association Business 2023 Roundtable held in Lagos.
Nigerian businessman Tony Elumelu and wife acquire 23 million new shares in UBA
The move by Elumelu and his wife is viewed as a vote of confidence in UBA’s financial performance.