Tag: Tony Elumelu

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
Tony Elumelu with Awele Vivien Elumelu.
Hot NewsBillionairesBusinessExclusive

Tony and Awele Elumelu named on TIME100 Philanthropy list as TEF lifts 2.1 million Africans out of poverty

TIME100 honors Tony and Awele Elumelu as TEF impact reaches 2.1 million Africans lifted from poverty through entrepreneurship programs.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
ExclusiveBusinessHot News

Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

Tony Elumelu urges equal partnerships, jobs, electricity, and infrastructure to unlock Africa’s youth potential at Africa Forward Summit.

Editorial Team Editorial Team
TechnologyBusinessHot News

Amid $100 million expansion plan, Redtech ranks among Africa’s fastest-growing companies

Redtech, backed by Tony Elumelu, ranks among Africa’s fastest-growing fintech firms amid expansion into 29 countries.

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

Nigerian billionaire Tony Elumelu’s Seplat stake tops $1 billion on share rally

Tony Elumelu’s Seplat stake tops $1 billion as shares surge, boosting valuation and reinforcing his influence in Africa’s energy sector.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Seplat Energy’s Q1 2026 profit rises to $37.9 million on higher oil prices

Seplat Energy profit rises to $37.9 million in first quarter 2026 as higher oil prices and stronger output lift revenue to $840.7 million.

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

Tony Elumelu’s Transcorp posts Q1 profit above $27 million on hospitality gains

Transcorp, led by Tony Elumelu, posts N37.9 billion ($27.6 million) Q1 profit, with hospitality gains offsetting weaker power revenue.

Omokolade Ajayi Omokolade Ajayi
UBA House Marina in Lagos, the headquarters of United Bank for Africa.
Hot NewsBusiness

UBA plans 2026 dividend return as loan recovery efforts gain pace

UBA targets 2026 dividend return as loan recoveries improve after a N331 billion ($241.3 million) provision hit 2025 profit.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Transcorp Power posts $22 million Q1 profit, assets top $450 million

Transcorp Power posts N29.7 billion ($22 million) profit in Q1 2026 as gas shortages hit output, while assets rise above $450 million despite revenue pressure.

Omokolade Ajayi Omokolade Ajayi
One of UBA's branches, representing the bank’s retail banking network across its pan-African operations.
Hot NewsBusiness

UBA posts $591 million gross earnings in Q1 2026 as recovery gains pace

UBA reports $591 million gross earnings in Q1 2026. FX recovery, lower impairments, and rising deposits strengthen its financial position.

Omokolade Ajayi Omokolade Ajayi