Tony Elumelu confirms plans to spin off Transcorp Power in five years
Elumelu made the disclosure during an interview in which he discussed the potential spin-off of Transcorp Power.
Nigerian businessman
Atedo Peterside’s Stanbic IBTC rakes in $62.6-million profit in Q1 2023
Peterside owns a significant 1.14-percent stake in Stanbic IBTC, equating to 133,611,115 ordinary shares in the group.
Theophilus Yakubu Danjuma’s IMG records $11.6 million in revenue
Danjuma holds a significant 72-percent stake in IMG.
Herbert Wigwe’s Access Holdings achieves record $500-million comprehensive income
The Wigwe-led group has solidified its position as the largest bank in Nigeria by total assets with its assets surging to $32 billion.
Led by Peter Ashade, United Capital rakes in $5.3 million in profit in Q1 2023
United Capital is an investment bank and a pan-African financial services group led by Ashade.
Tony Elumelu’s UBA posts record-breaking Q1 profit of $116 million
Elumelu, a widely respected business executive on the continent, holds a significant 6.9-percent stake in UBA.
Nigerian entrepreneur Ikenna Nzewi is disrupting Africa’s food industry
Nzewi has seen incredible success in transforming the sale of high-quality raw materials to food factories in Africa.
Nigerian oil tycoon Wale Tinubu makes bold move: Investment firm launches bid to take Oando private
In November 2005, Oando shares were listed on the JSE.
Tony Elumelu’s Transcorp delivers big returns: Shareholders to receive $4.41-million dividend payout
Elumelu holds a total of 840,632,956 ordinary shares in Transcorp.
Nigerian oil tycoon Adewale Tinubu’s Oando rebounds from losses, profit soars above $75 million
Oando is a Nigerian integrated energy solutions provider.
Nigerian banking magnate Jim Ovia’s Zenith Bank posts $486.4 million in profit in 2022
Ovia owns a substantial 16.2-percent stake in Zenith Bank.
Nigerian banker Herbert Wigwe’s Access Holdings to acquire new banking unit in Zambia
Wigwe holds a 4.51-percent stake in Access Holdings.
Seplat ends contract with Nigerian energy magnate over breaches endangering its $3.5 billion in assets
Seplat parted ways with Orjiako due to multiple material corporate governance breaches.
Herbert Wigwe meets French ambassador to Nigeria amid plans to launch new Access Bank unit in France
This is Wigwe’s second meeting with the ambassador this year.
Nigerian insurance tycoon Wole Oshin’s Custodian Investment posts $25 million in profit in 2023
Custodian Investment is a prominent player in the Nigerian financial services sector.
Nigerian banker Herbert Wigwe recoups $2.1 million after last week’s losses
Wigwe owns 4.51 percent of Access Holdings.