Nigerian mogul Tony Elumelu loses over $7.1 million as UBA shares fall from record highs
Elumelu owns a sizable 6.96-percent stake in the banking group.
Elumelu owns a sizable 6.96-percent stake in the banking group.
The move comes nearly a year after the British energy giant announced plans to divest its interests in Nigeria.
Elumelu owns a sizable 6.39-percent stake in the company.
Elumelu is the founder of Heirs Holdings and Transcorp.
Elumelu believes Nigerians face too many challenges in their daily lives due to government mismanagement.
Elumelu owns a 6.39-percent stake in the company.
Elumelu derives a total wealth of $46.9 million from his stake in the pan-African bank.
Elumelu has recently shown interest in Caribbean markets as part of a strategic drive to foster wealth creation through partnership.
With the recent bid, the Elumelu-backed oil firm is set to compete with key players in Nigeria’s oil and gas industry.
Elumelu is the founder of one of Nigeria’s largest financial services groups, United Bank for Africa.
Heirs Holdings is a family-owned investment holding company founded by Nigerian businessman Tony Elumelu in 2010.
The portal for this year’s application is active and interested applicants are urged to apply.
UBA is a leading Nigerian financial group with operations in 20 African countries, as well as the UK, United States and France.
The entrepreneurs were selected from a pool of more than 400,000 applicants in 54 African countries.
UBA is a Nigerian financial services group with operations in 20 African countries, the UK, the United States and France.
Their joint initiative will aim to support small and medium enterprises in the non-oil sector in Nigeria.