Tag: Tony Elumelu

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.

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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.

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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.

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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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Transcorp Power posts $39.8 million half-year profit despite Nigeria grid attacks

Tony Elumelu-backed Transcorp Power records a $39.87 million profit before tax, maintaining strong efficiency gains despite severe grid attacks.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
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Nigerian billionaire Tony Elumelu retires as UBA chairman, capping a 21-year run that built a $24.5 billion banking giant

Tony Elumelu retires as UBA Chairman after a 21-year tenure, building a banking giant with $24.5 billion in assets. Emmanuel Nnorom takes over.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu
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Nigerian billionaire Tony Elumelu reveals the single quality every African founder needs

Nigerian billionaire Tony Elumelu shares the one crucial quality every African entrepreneur needs to build lasting institutions.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
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Nigerian billionaire Tony Elumelu hosts Mastercard CEO as UBA deepens global banking push

Tony Elumelu hosts Mastercard CEO as UBA advances AI-driven cross-border banking and global expansion strategy.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
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Nigerian billionaire Tony Elumelu named chairman of Seplat Energy

Tony Elumelu will become chairman of Seplat Energy in January 2027, succeeding Senator Udoma Udo Udoma.

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UBA Wins 2026 Banker Technology Award for AI Innovation, Launches Upgraded Mobile App
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UBA Wins 2026 Banker Technology Award for AI Innovation, Launches Upgraded Mobile App

UBA wins the 2026 Banker Technology Award for AI-driven cross-border payments and launches its newly upgraded RedApp mobile banking application.

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L-R: Nnamdi Azubuike, AVP, Corporate Finance & Commercial Operations, and Pascal Eva, VP, Finance, Heirs Energies, at the EMEA Finance Project Finance Awards 2026 in London, where the company’s landmark US$750 million financing transaction was recognised as Best Oil & Gas Deal of the Year.
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Heirs Energies’ $750 million financing named best oil & gas deal of the year

Heirs Energies wins Best Oil and Gas Deal of the Year for its landmark $750 million financing, advancing long-term African energy security.

Editorial Team Editorial Team