Azudialu-Obiejesi’s decision to procure the G-700 aircraft underscores his commitment to building a world-class energy conglomerate.
UBA
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The interim dividend payout will be deposited into Elumelu’s bank account on Fri., Oct. 6.
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UBA, under the astute guidance of Elumelu, recorded a 437.8-percent surge in its profits in the first half of 2023.
- West & Central Africa
Nigerian businessman Tony Elumelu loses $3.2 million in 11 days from UBA stake
Despite this substantial loss, Elumelu retains his status as one of the wealthiest investors in the local bourse.
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Elumelu’s influence extends far beyond his business endeavors, making him a beacon of inspiration for future generations.
- West & Central Africa
Africa’s powerhouse executive Tony Elumelu suffers $3.1-million loss in UBA stake
Despite this substantial loss, Elumelu maintains his position as one of the wealthiest investors on the local bourse and continues to be …
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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.
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The devaluation of the naira has eroded the gains that Elumelu would have enjoyed from the surge in UBA’s shares.
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Elumelu’s strategic acquisition boosts stake in UBA to $44 million, cementing position as one of Nigeria’s leading investors.
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Elumelu’s latest acquisition brings the market value of his stake in UBA to $42.57 million.