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Elumelu Family Gains N13bn From Investment In Transcorp, Now Holds N176bn

July 15, 2025
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The investment of the Elumelu family in Transnational Corporation (Transcorp Plc) has increased by N13.15 billion in the second quarter (Q2) of 2025, following an 8.05 percent increase in the company’s share price.

According to an analysis by Prime Business Africa, Tony Elumelu, the chairman of Transcorp, and his wife, Vivian, both control 35.95 percent of the conglomerate, which is the parent company of Transcorp Power and Transcorp Hotel.

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Their 35.95 percent controlling stake increased in value to N176.49 billion investment as of June 30, 2025, from the N163.34 billion it was valued at the start of the second quarter.

A breakdown of the couple’s investment showed that Elumelu accounts for a 30.86 percent stake, which represents 3.13 billion direct and indirect shares.

Elumelu owns indirect shares of 2.99 billion through HH Capital Limited (29.52 percent stake), 68.38 million via Heirs Holdings Limited (0.67 percent stake) and direct shares of 68.27 million (0.67 percent stake).

The 3.13 billion shares held by Elumelu were worth N140.2 billion as of April 2, but increased to N151.49 billion at the end of the second quarter, indicating the billionaire recorded N11.29 billion within three months.

Also, Vivian accounts for a 5.09 percent stake in Transnational Corporation, which represents 517.69 million direct shares, and is valued at N25 billion as of June 30, according to analysis.

Prime Business Africa gathered that Vivian’s investment in the conglomerate increased from N23.14 billion recorded as of April 2, indicating the shareholder gained N1.86 billion in the second quarter.

The N13.15 billion gain recorded by the Elumelu family was as a result of Transcorp’s share price increasing by N3.6 kobo, as demands for the company’s shares pushed up the price from N44.70 kobo on April 2 to N48.30 kobo on June 30.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: publisher@primebusiness.africa and editor@primebusiness.africa

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