Nigerian businessman Tony Elumelu to pocket $1.6-million dividend from UBA
The interim dividend payout will be deposited into Elumelu’s bank account on Fri., Oct. 6.
The interim dividend payout will be deposited into Elumelu’s bank account on Fri., Oct. 6.
UBA, under the astute guidance of Elumelu, recorded a 437.8-percent surge in its profits in the first half of 2023.
Despite this substantial loss, Elumelu retains his status as one of the wealthiest investors in the local bourse.
Elumelu’s influence extends far beyond his business endeavors, making him a beacon of inspiration for future generations.
Despite this substantial loss, Elumelu maintains his position as one of the wealthiest investors on the local bourse and continues to be one of Nigeria’s richest businessmen.
Elumelu holds a substantial 7.17-percent stake in UBA, equivalent to 2,450,603,739 ordinary shares with a market value of $47 million.
The devaluation of the naira has eroded the gains that Elumelu would have enjoyed from the surge in UBA’s shares.
Elumelu’s strategic acquisition boosts stake in UBA to $44 million, cementing position as one of Nigeria’s leading investors.
Elumelu’s latest acquisition brings the market value of his stake in UBA to $42.57 million.
Elumelu owns a significant 6.9-percent stake in UBA.
Elumelu owns a significant 6.9-percent stake in UBA.
Elumelu is on track to pocket another sizable dividend in 2023.
Elumelu owns a sizable 6.39-percent stake in the financial services group.
Elumelu owns a sizable 6.96-percent stake in the banking group, or 2,380,941,756 ordinary shares.
The center’s launch comes nearly one month after Elumelu opened a new UBA branch in Dubai.
Elumelu owns a sizeable 6.96-percent stake in UBA, one of Nigeria’s leading banking groups.