Tag: Tony Elumelu

Heirs Holdings
BusinessHot News

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
Hot NewsBillionairesBusiness

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.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

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
BillionairesBusinessHot News

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
Hot NewsBillionairesBusiness

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.
Hot NewsBillionairesBusiness

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.
Hot NewsBillionairesBusiness

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.

Omokolade Ajayi Omokolade Ajayi
UBA Wins 2026 Banker Technology Award for AI Innovation, Launches Upgraded Mobile App
Hot NewsBusiness

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.

Editorial Team Editorial Team
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.
Hot NewsBusiness

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
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
Hot NewsBusiness

Nigeria’s United Capital targets Rwanda next after Francophone West Africa success

Peter Ashade leads United Capital toward Rwanda, aiming to push the group's market capitalization past the $300 million threshold.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu set for $10.8 million Seplat dividend payout

Tony Elumelu is set to receive $10.84 million in Seplat dividends as the company boosts payouts amid stronger Q1 2026 earnings.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
Hot NewsBillionairesBusiness

Path to Seplat Energy chairmanship clears as Tony Elumelu joins board as non-executive director

Nigerian billionaire Tony Elumelu joins Seplat Energy board as non-executive director as stake value rises above $1 billion.

Omokolade Ajayi Omokolade Ajayi