Nigerian businessman Tony Elumelu’s Heirs Energies buys 20% of Seplat for nearly $500 million
Tony Elumelu’s Heirs Energies acquires 20% of Seplat for nearly $500 million, marking a major local investment in Nigeria’s energy sector.
Tony Elumelu
Inside the biggest billionaire donations in Africa in 2025
Africa’s billionaires ramped up giving in 2025, funding schools, hospitals and startups as governments face tight budgets and rising public needs.
Tony Elumelu’s Heirs Energies secures $750 million from Afreximbank to drive long-term growth
Heirs Energies secures $750 million from Afreximbank, marking one of the biggest funding deals secured by a locally owned energy producer on the continent.
Africa’s richest people are warming up to Instagram - here’s why
Africa’s richest used to feel like rumors. Now they post - workouts, sermons, boardroom snaps - making billionaires oddly familiar, one scroll at a time.
Tony Elumelu’s HH Capital lifts Transcorp Power stake with $201,000 share buy
HH Capital, tied to billionaire Tony Elumelu, snapped up more than 1 million Transcorp Power shares in a fresh insider deal on the Nigerian Exchange.
Kenya turns to China for $1.5 billion after Nigerian businessman Tony Elumelu’s $1 billion pledge
Kenya moves ahead with a $1.5 billion highway deal after Tony Elumelu’s $1 billion pledge to support new infrastructure projects.
Court halts $3.66 million tax order against Tony Elumelu-linked AEDC
Federal High Court halts $3.66 million tax order against Tony Elumelu-linked AEDC, sending the case back to the tribunal.
Tony Elumelu-linked distribution company sends 800 workers home
About 800 workers at AEDC linked to Nigerian investor Tony Elumelu, were laid off this week as part of a company restructuring
Tony Elumelu’s Transcorp relocates turbines to lift Nigeria’s power supply
Tony Elumelu’s Transcorp has relocated four turbines to Delta State to boost power generation as gas supply improves across Nigeria.
Nigerian businessman Tony Elumelu’s Transcorp grows profit 20% to $62 million in nine months
Transcorp, chaired by Nigerian businessman Tony Elumelu, reports a 20% profit rise to $62 million, boosted by power and hospitality growth.
Transcorp Power, linked to Tony Elumelu, posts $210 million nine-month revenue
Transcorp Power, linked to Nigerian tycoon Tony Elumelu, reports $210 million nine-month revenue driven by higher power generation and steady operational efficiency.
Tony Elumelu set to pocket $1.11 million dividend as UBA profit climbs in H1 2025
Tony Elumelu nets over US$1.1 million as UBA posts modest profit growth and boosts asset base in tough economic climate.
Tony Elumelu now owns over 16 percent of UBA
Tony Elumelu raises UBA holdings to 16.38 percent worth $211 million, reinforcing his influence as one of Nigeria’s richest businessmen.
Tony Elumelu's UBA faces Ghana FX ban
The Bank of Ghana has suspended UBA Ghana’s foreign exchange licence, piling pressure on Tony Elumelu.
Nigerian businessman Tony Elumelu’s Transcorp reports $183 million in half-year revenue
Transcorp posts $183 million H1 2025 revenue, with assets rising to $592 million across power, hospitality, and energy sectors.