Tag: Tony Elumelu

Nigerian billionaire Tony Elumelu
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Nigerian billionaire Tony Elumelu urges investors in Paris to fund Africa’s future

Tony Elumelu challenges global financiers in Paris to invest directly in young African founders, moving past foreign aid into real enterprise.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
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Nigerian billionaire Tony Elumelu deepens grip on Seplat Energy with $59.7 million share buy

Tony Elumelu lifts his Seplat Energy stake to 126.4 million shares worth $1.26 billion through a fresh $59.7 million share acquisition.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
BillionairesHot News

Nigerian billionaire Tony Elumelu urges global shift from foreign aid to investment

At UNGA, Tony Elumelu urged global leaders to replace foreign aid with direct investment, highlighting $4.2 billion generated by African startups.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
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Nigerian billionaire Tony Elumelu says Africa cannot build economic growth on aid

Tony Elumelu says Africa needs private capital, stronger infrastructure and entrepreneurship—not aid—to drive sustainable economic growth and jobs.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu
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Nigerian billionaire Tony Elumelu’s Seplat stake hits $1.2 billion

Nigerian billionaire Tony Elumelu has seen his Seplat Energy holding surge to $1.2 billion, driven by rising crude production and stronger earnings.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

Tony Elumelu received $14.45 million from Seplat Energy’s second-quarter dividend, lifting his 2026 payouts to about $35.3 million.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

After pocketing over $20 million, Tony Elumelu eyes another $14 million dividend from Seplat Energy

Tony Elumelu is due to receive $14.45 million from Seplat Energy on Aug. 28, taking his 2026 dividends to $35.3 million.

Omokolade Ajayi Omokolade Ajayi
Worker operating at Seplat Energy's Oben OML 4
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Seplat Energy posts $164 million half-year profit as earnings soar 498%

Seplat Energy posted a $164 million half-year profit as revenue rose to $1.82 billion and production increased.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Owen Omogiafo
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Nigerian executive Owen Omogiafo buys 1.9 million shares of Transcorp Group

Transcorp CEO Owen Omogiafo bought 1.9 million shares, increasing her stake as the group expands its assets and earnings.

Omokolade Ajayi Omokolade Ajayi
UBA sweeps top honours at 2026 Euromoney Awards
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UBA sweeps top honors at 2026 Euromoney Awards, named Nigeria’s Best ESG, Retail Bank

UBA swept major honors at the 2026 Euromoney Awards for Excellence, securing Best Bank for Retail and Best Bank for ESG in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Heirs Holdings
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Heirs Holdings’ portfolio companies earn international recognition across industries

Heirs Holdings companies Transcorp, AEDC, and Redtech rank among Africa's top performers as Tony Elumelu's Africapitalism model scales.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
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Transcorp, led by Nigerian billionaire Tony Elumelu, grows assets to $797 million

Transcorp's assets rose to $797 million as retained earnings neared $144 million, strengthening its balance sheet in the first half of 2026.

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