Ripple effect: UBA’s double-digit share surge impacts Nigerian businessman Tony Elumelu’s fortune.
United Bank for Africa
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- West & Central Africa
Nigerian businessman Tony Elumelu gains $4.1 million in just one week from UBA
Elumelu owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares in the leading lender.
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Elumelu owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares in the leading lender.
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Elumelu, with his 7.17-percent stake in UBA, equivalent to 2,450,603,739 ordinary shares, ranks as one of the wealthiest individuals in the country.
- West & Central Africa
Nigerian tycoon Tony Elumelu’s UBA launches $6-billion initiative to support African SMEs
United Bank for Africa Plc, the pan-African financial services group led by Nigerian tycoon Tony Elumelu, has unveiled a $6-billion initiative.
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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.
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Elumelu, with a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares, ranks as one of the richest investors on the Nigerian Exchange.
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Elumelu currently holds a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares.
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Elumelu, a widely respected business executive on the continent, holds a significant 6.9-percent stake in UBA.
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Elumelu owns a significant 6.9-percent stake in UBA.