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Tony Elumelu - Page 4

Heirs Insurance Group Surge with N20bn Revenue in 2022

Heirs Insurance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), has made a resounding mark on Nigeria’s insurance landscape with its impressive financial results for the fiscal year ended December 31, 2022. Heirs Insurance Group, the insurance subsidiary of

September 5, 2023

Elumelu Confident In Naira Regaining Stability Amid CBN Leadership Change

Business·News

Elumelu, At NBA Conference, Decries Poor Utilisation Of Nigeria’s Gas Reserves

Chairman of the United Bank for Africa (UBA) and Founder of the Tony Elumelu Foundation (TEF), Mr Tony Elumelu, has decried Nigeria’s lack of capacity to power its thermal plants despite its huge gas reserves. Elumelu made this observation during his remarks

August 30, 2023

Uncategorized

Tony Elumelu Joins King Charles III, Joe Biden, At London Summit To Mobilize Climate Finance For Sustainable Future

Tony Elumelu, a renowned investor, philanthropist, and Chairman of Heirs Holdings, will be joining King Charles III of the United Kingdom and U.S. President Joe Biden at the prestigious Climate Finance Mobilisation Forum in London today. The purpose of this gathering is

July 10, 2023

Business

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his ownership stake in the financial institution to tighten his control over the firm. Elumelu increased his controlling stake in UBA to 7.18 per cent as at the end

May 30, 2023

Business

Elumelu’s Wife Pays N5.34bn For Transcorp Shares, Family Now Controls 35.8% Of Transcorp

Dr. Awele Elumelu, the wife of Tony Elumelu, the Chairman of Transnational Corporation (Transcorp) Plc, has acquired a significant stake in the company. She bought 2.06 billion shares of Transcorp Plc, which hand her a 5.07 per cent stake in the firm

May 15, 2023

Business

Transcorp Shareholders Lose N30.89 billion To Femi Otedola’s Exit

Femi Otedola’s exit from Transnational Corporation (Transcorp) has cost the company’s shareholders -24.35 per cent of their investments. After reports circulated on Friday, 28 April, that Otedola is no longer a shareholder at Transcorp Plc, the firm’s share halted its bullish run.

May 12, 2023

Business

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

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

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

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

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Tony Elumelu - Page 4

Heirs Insurance Group Surge with N20bn Revenue in 2022

Elumelu, At NBA Conference, Decries Poor Utilisation Of Nigeria’s Gas Reserves

Tony Elumelu Joins King Charles III, Joe Biden, At London Summit To Mobilize Climate Finance For Sustainable Future

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Elumelu’s Wife Pays N5.34bn For Transcorp Shares, Family Now Controls 35.8% Of Transcorp

Transcorp Shareholders Lose N30.89 billion To Femi Otedola’s Exit

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

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

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

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

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Tony Elumelu - Page 4

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