Seplat posts $260 million nine-month profit
Seplat Energy, the Nigerian oil producer 21% owned by Tony Elumelu's companies, earned $260.2 million in nine months and lifted its dividend.
Tony Elumelu
Nigerian billionaire Tony Elumelu's Transcorp posts $82 million nine-month profit
Tony Elumelu's Transcorp, the Nigerian power and hotels group, posted ₦111.4 billion pre-tax profit in nine months as its cash pile more than doubled.
Nigerian tycoon Tony Elumelu leads push for $15 billion West Africa investment pipeline
Tony Elumelu is co-leading a West African summit whose pipeline holds 26 projects worth more than $10 billion, with organizers targeting $15 billion by November.
Indian billionaire Sunil Vaswani's Stallion Group loses $117 million court fight with Nigerian bank
A Lagos judge upheld UBA's receiver over Stallion Group assets, ruling that disputing the size of a ₦156 billion debt does not cancel it.
Nigerian billionaire Tony Elumelu buys 6 million more Seplat shares, lifting stake to 21%
Tony Elumelu bought 6 million more Seplat shares through Heirs Energies, raising his combined stake in the Nigerian oil producer to 21.07%.
Nigerian tycoon Tony Elumelu tells investors that aid will not industrialise Africa
Tony Elumelu told a UN General Assembly session that aid cannot build industries, and urged investors to partner with African businesses instead.
Billionaires Tony Elumelu, Samuel Dossou-Aworet and Austin Avuru to pocket $30 million Seplat dividend
Seplat's 12-cent dividend delivers $14.4 million to Tony Elumelu's Heirs, $9.7 million to Petrolin and $6 million to Austin Avuru. GHOST
Tony Elumelu's Transcorp H1 profit falls 17% to $39 million as power revenue slides
Tony Elumelu's Transcorp posted a 16.6 percent drop in first-half profit to $39.4 million as gas shortages cut output at its power plants.
Nigerian businessman Tony Elumelu to retire as UBA chairman, Nnorom to take over
Tony Elumelu will step down as UBA Group chairman on August 21 after 12 years, with veteran banker Emmanuel Nnorom named as his successor.
Billionaire Tony Elumelu's Heirs Energies commissions a digital nerve centre to run Nigeria's OML 17 oilfield from a single screen
Tony Elumelu's Heirs Energies has commissioned a digital operations hub at OML 17 that integrates real-time monitoring, security and production data into a single platform.
Nigerian billionaire Tony Elumelu credits his success to luck
Tony Elumelu told a YouTube interviewer he got rich by luck. Coming from one of Africa's most relentlessly driven billionaires, the admission stopped people cold.
Billionaire Femi Otedola owns more of FirstHoldCo than fellow bank chairmen Elumelu, Aig-Imoukhede or Ovia ever did
Femi Otedola now owns 20.42 percent of FirstHoldCo, more than any sitting Nigerian banking chairman, and the comparison with Elumelu, Aig-Imoukhede and Ovia tells a compelling story.
Tony Elumelu's United Capital acquires 5-percent stake in Nigerian Exchange Group
United Capital, the Pan-African group backed by financier Tony Elumelu, has completed the acquisition of a 5% equity stake in Nigerian Exchange Group.
Nigerian tycoon Tony Elumelu named Seplat Energy chairman
Tony Elumelu will become Seplat Energy chairman in January 2027 as Effiong Okon takes over as CEO in August, completing a sweeping leadership transition at Nigeria's largest indigenous energy company.
Tony Elumelu's United Capital wins historic Ethiopia investment banking licence in first for foreign firms
Nigeria's United Capital Group has secured Ethiopia's first investment banking licence ever issued to a foreign institution, committing over $1.5 million to launch local operations.
Tony Elumelu's Heirs Energies wins global award for landmark $750 million oil financing deal
Tony Elumelu's Heirs Energies has won Best Oil & Gas Deal of the Year for its $750 million financing with Afreximbank, one of Africa's largest indigenous energy deals.