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Tony Elumelu - Page 2

Sowore Urges UBA to Support Trainee Amid Elumelu Controversy

August 22, 2026

African Action Congress presidential candidate and human rights activist Omoyele Sowore has urged United Bank for Africa (UBA) to provide psychosocial support to a trainee who faced public backlash after addressing the

Business News·News·Top Stories

UBA Confirms Elumelu’s Exit, Appoints Nnorom as Successor in Planned Transition

July 6, 2026

The United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony O. Elumelu, will retire from the bank’s Board of Directors on August 21, 2026, bringing to a close

Business News·Top Stories

Tony Elumelu, Mike Adenuga, Femi Otedola… Five Least Performing Investments Held By Bank Major Investors

June 1, 2026

Tony Elumelu, the chairman of United Bank for Africa (UBA), and Mike Adenuga, the majority shareholder in Sterling Financial Holdings Company, are on the list of the least performing investments held by

Events & Opportunities·News·Top Stories

Elumelu to World Leaders: African Youth Need Jobs, Not Handouts

May 19, 2026

Founder and Chairman of Heirs Holdings⁠, Tony O. Elumelu, has called for a shift from aid-driven policies to strategic economic partnerships capable of unlocking Africa’s development potential. Speaking at the 2026 Africa

Business News·Top Stories

Tony Elumelu’s Influence: Seplat’s Share Hits Highest Price In Company’s History

January 23, 2026

Since Tony Elumelu, the chairman of United Bank for Africa (UBA), acquired 120,4 million shares in Seplat, the company’s shareholders have recorded a 15.33 percent increase in their investment value. Elumelu had

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-VIDEO

Business News·Top Stories

Tony Elumelu’s Heirs Energies Pays $500m To Acquire Majority Stake In Seplat

December 31, 2025

Heirs Energies Limited, an oil company owned by Tony Elumelu, the chairman of United Bank for Africa (UBA), has acquired a substantial stake of 20.07 percent held by Maurel & Prom S.A. in

l-r: Daughter of Tony Elumelu, Tiffany Ogo Elumelu; Dr. Awele Elumelu, accepting 2025 Appeal of Conscience Award on behalf of her husband, Tony Elumelu, Group Chairman, United Bank for Africa(UBA) and Founder, Tony Elumelu Foundation; Founder, Appeal of Conscience Foundation, Rabbi Author Schneier; and Executive Vice President, Appeal of Conscience Foundation, Karen Dresback, at the 60th Annual Appeal of Conscience Awards in New York on Monday

News

Elumelu Honoured with Appeal of Conscience Award in New York

October 1, 2025

Nigerian entrepreneur and philanthropist Tony Elumelu has been honoured with the Appeal of Conscience Award by the Appeal of Conscience Foundation (ACF), in recognition of his ethical leadership, philanthropy, and contributions to

Business News·Top Stories

Tony Elumelu, Segun Agbaje, Five Other Bank Majority Shareholders Gained N372bn In H1 2025

August 7, 2025

Over N372.57 billion was made by Tony Elumelu, Jim Ovia, Segun Agbaje, Nneka Onyeali-Ikpe, Abolanle Matel-Okoh, Stanbic Africa Holdings, and Police Cooperatives Society Ltd between January and June 2025. The six investors

Business News·Top Stories

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

July 15, 2025

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

Business News·Top Stories

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

June 3, 2025

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his stake in the financial institution to per cent, according to Prime Business Africa’s analysis. In a ‘Dealing by

Why Public, Private Sector Must Prioritize Investments In Innovation To Improve Healthcare - Elumelu

Business News·Top Stories

Tony Elumelu Increases Stake In UBA With N1.54bn Shares

May 28, 2025

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has bought new shares in the lender to increase his stake from 6.19 per cent to 6.30 per cent, according to

News

Taraba Investment Summit: Atiku, Dangote, Elumelu, Others Seek Enabling Environment For Business Growth

May 21, 2025

Nigeria’s former Vice President, Atiku Abubakar, President of Dangote Group, Aliko Dangote, Chairman of Heirs Holdings, Mr Tony Elumelu, and other industry leaders have called for the creation of an enabling environment

Business News·Top Stories

Elumelu’s Transcorp Power Records 55.4% Revenue Increase In Q1

May 6, 2025

Transcorp Power, a power-generating company largely owned by Tony Elumelu, recorded strong financial performance in the first quarter (Q1) of 2025. According to Prime Business Africa’s analysis of data obtained from the

Business News

UBA Raises N355.2bn Of N500bn CBN’s Capital Requirement

April 26, 2025

The United Bank for Africa (UBA) has raised N355.2 billion out of the N500 billion new capital requirement mandated by the Central Bank of Nigeria (CBN). Chairman, UBA Group, Mr Tony Elumelu,

Business News·News·Power

Elumelu To Nigerian Govt: Expedite Action To Pay Debts Owed GenCos

April 10, 2025

Chairman of Transnational Corporation (Transcorp Plc), Mr Tony Elumelu, has appealed to the Nigerian government to expedite action to fully pay the huge debt owed power generation companies (GenCos). He said GenCos

Business News·News

Transcorp Group’s Revenue Rises By 107% In 2024

March 10, 2025

Transcorp Group, a leading conglomerate in Nigeria, recorded an increase of 107 per cent in revenue from N197 billion in 2023 to N408 billion as at 31 December 2024. The conglomerate also

News

UBA Trains Over 3,200 Young Professionals Under GMAP Initiative

March 6, 2025

United Bank for Africa (UBA) has produced over 3,222 young professionals in banking and finance across Africa through its Graduate Management Acceleration Programme (GMAP) in the last three years. The programme, which

News

Elumelu Makes Case For Change Of Workplace Stereotypes That Hinder Women’s Professional Growth

December 1, 2024

Chairman of the United Bank for Africa (UBA) group, Tony Elumelu, has called for a change of long-standing workplace stereotypes that continue to hinder women’s professional growth and potential. He said this

UBA FY 2024: Profit Rises To ₦766.6 billion, Declares N3.00 Kobo Final Dividend

Business News·News

UBA To Raise N239.4bn Through Rights Issue

November 15, 2024

United Bank for Africa (UBA) Plc, has announced plans to raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The Rights Issue,

Entertainment

Latest Graduate Brain Jotter Alerts Elumelu Over Bank Job

August 27, 2024

Latest graduate in town and popular skitmaker, Chukwuebuka Emmanuel, aka Brain Jotter, has put Chairman of UBA,Tony Elumelu, on notice on his desire to work with the bank. Jotter, who marked his

Elumelu’s Transcorp Power Records 55.4% Revenue Increase In Q1

Business News·News·Oil & Gas

Elumelu To Nigerian Govt: Tell Us Those Behind Oil Theft

August 11, 2024

The Chairman Of United Bank for Africa and Heirs Holdings, Tony Elumelu, has charged the Federal Government and security operatives to tell Nigerians those behind oil theft, which has over the years

Business News

UBA Shareholders Approve Recapitalisation Plan, Applaud 2023 Financial Performance

May 26, 2024

United Bank for Africa (UBA) Plc, shareholders have approved proposal to increase capital base of the bank in line with CBN’s recapitalisation directive. The shareholders equally praised the board, management and staff

Business News·News

UBA Counts Achievements At 75, Envisions To Be Role Model For African Businesses

May 20, 2024

As the United Bank for Africa (UBA) marks its 75th anniversary this year the pan-African bank has taken an introspection into the remarkable milestones in its transformative journey and looks forward to

Business News·News

UBA Empowers 400 Youths Across Africa Through Graduate Programme

May 3, 2024

Africa’s Global Bank, United Bank for Africa (UBA), has empowered 398 young Africans through its Graduate Management Acceleration Programme (GMAP) for 2024. The bank held the second edition of the GMAP class

TUC Threatens FG With Protest Over Delay In Negotiation, Gives ultimatum

News

Tinubu Sets Up Economic Advisory Committee, Names Dangote, Elumelu, Rabiu, Others As Members

February 26, 2024

Nigeria's President Bola Tinubu, has set up a tripartite economic advisory committee comprising stakeholders from the federal government, state governors, and private sector operators

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News

Tinubu, Elumelu, Otedola Mourn Wigwe, Others’ Death

February 11, 2024

President Bola Tinubu, and billionaire investors, Tony Elumelu and Femi Otedola, have expressed grief over the tragic loss of Group Chief Executive Officer of Access Holdings Plc., Dr Herbert Wigwe, who died

Tony Elumelu Foundation Empowered Us To Become Employers – Beneficiaries Praises Businessman

Opinion

Anthony Onyemachi Elumelu: The Making Of An Epic Financial Dynasty

January 12, 2024

The key to being a core industrial player lies in understanding when and how to play the master card in a competitive market, with the eye set on the heartbeat of an

Elumelu Confident In Naira Regaining Stability Amid CBN Leadership Change

Africa·News·World News

COP28: Elumelu Urges Africa’s Active Role In Global Climate Agenda

December 5, 2023

In a call for proactive African participation in global climate discussions, Tony Elumelu, Founder of The Tony Elumelu Foundation and Chairman of United Bank of Africa, emphasized the role Africa must assume

Nigerian Youth Running Away From Insurance Industry - Tony Elumelu

Business News·News

Nigerian Youths Running Away From Insurance Industry – Tony Elumelu

October 23, 2023

The Chairman of Heirs Holdings, Tony Elumelu has pointed out that the insurance sector of Nigeria’s economy needs a younger and more agile workforce, regretting that young Nigerians are unfortunately not interested

Opinion

Building To Last: Nurturing Excellence And Crafting Future African Leaders At UBA

October 8, 2023

By Tony Elumelu Some moments resonate as profoundly remarkable in life, where dreams are born from humble beginnings and transformed into extraordinary realities. As I stood before 700 UBA graduate trainees,

Business News

Like Elumelu, Wigwe, Ebenezer Onyeagwu Acquires More Shares In Zenith Bank

The Group Managing Director and Chief Executive Officer of Zenith Bank, Ebenezer Onyeagwu, has acquired 8 million shares in the company. He parted with N191.80 million to acquire the shares, which increased his stake in Zenith Bank from 0.26 per cent to

May 11, 2023

Business News

Tony Elumelu Increases Investment In UBA To N19.48 billion Amid Otedola Dispute

The Chairman of United Bank for Africa (UBA), Tony Elumelu, has bought N560 million worth of shares in the commercial bank through his investment company, HH Capital Limited. He made the acquisition on Tuesday, 9 May, according to a document released on

May 10, 2023

Business News

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Serial investor, Femi Otedola, has sold some of his shares in Geregu Power Plc, where he is the majority shareholder and chairman. According to a document filed with the Nigerian Exchange Limited (NGX) on Wednesday, Otedola sold 2.82 million shares to take

May 10, 2023

Business News

Tony Elumelu Rejects Femi Otedola’s N250 billion To Buy Transcorp Plc

The Chairman of Geregu Power, Femi Otedola, has revealed that he offered to buy Transnational Corporation (Transcorp) Plc for N250 billion. Otedola, on Tuesday, said his offer was rejected despite planning to help unlock Transcorp’s full potential and create value for shareholders

May 9, 2023

Femi Otedola Reveals Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp investments, Stole Business Idea

Business News

Femi Otedola Alleges Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp Investments

Femi Otedola has accused Tony Elumelu of double-crossing him in deals involving United Bank for Africa (UBA) and Transnational Corporation (Transcorp). He disclosed that Elumelu betrayed him on multiple occasions. Otedola explained that he financially assisted Elumelu to acquire UBA in 2005.

May 9, 2023

Business News·Power

FG Gives Transcorp Power Post-privatisation Discharge Certificate

Transcorp Power Limited, Nigeria’s leading power generation company was on Monday presented with a post-privatisation discharge certificate by the Federal Government of Nigeria

May 9, 2023

Transcorp's Top Investor, Emmanuel Nnorom, Joins Otedola To Selloff Shares After Elumelu Powerplay

Business News

Transcorp’s Top Investor Records 321.6% Gain In Shares Sell-off

In a move that further consolidates Tony Elumelu’s shareholding, the fourth majority single shareholder in Transnational Corporation (TransCorp) Plc, Emmanuel Nnorom, has offloaded 98 per cent of his shares after Femi Otedola did same. Nnorom sold 11.40 million shares on April 27

May 4, 2023

Business News

Tony Elumelu Allegedly Pays Femi Otedola Over N32 billion To End Transcorp Plc Power Tussle

Tony Elumelu has reportedly buyout Femi Otedola in Transnational Corporation (Transcorp) to put an end to the hostile takeover which started two weeks ago. Otedola allegedly sold the 2.6 billion shares he bought in Transcorp to Elumelu at the cost of about

April 28, 2023

Business News

Elumelu Reveals Condition For Transcorp Plc’s Power Subsidiary To List On Nigerian Stock Market

Transnational Corporation (Transcorp) Plc Chairman, Tony Elumelu, has disclosed that the company will conduct a public initial offering for its subsidiary, Transcorp Power, within the next five years. Elumelu said while rumours have projected that Transcorp Power could list anytime soon, he

April 27, 2023

Business News

Tony Elumelu Displaces Femi Otedola With N23 billion Transcorp Share Acquisition

Femi Otedola’s share acquisition at Transnational Corporation (Transcorp) has triggered a leadership tussle, as Tony Elumelu acquires more shares to prevent losing his position in the diversified investment company. Elumelu acquired 9.69 billion shares (worth about N23 billion) of Transcorp Plc a

April 27, 2023

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