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.
UBA
Why Tony Elumelu is betting big on UBA with a stake worth over $80 million
In Elumelu’s world, control is currency, and UBA is the crown jewel he’s determined to protect.
Tony Elumelu’s UBA stake falls below $60 million
Elumelu faced a similar setback in 2024 when UBA’s 32.55% stock gain was erased by naira devaluation, cutting his stake’s value $17 million.
Tony Elumelu faces $18 million loss in UBA stake
This highlights the challenges posed by Nigeria’s volatile currency on shareholder wealth.
UBA targets Saudi Arabia for expansion by 2025
Pan-African bank eyes Middle Eastern growth as profits surge.
UBA expands, set to begin full operations in France
The deal positions UBA under the leadership of Tony Elumelu as a bridge between Africa and the broader global financial ecosystem.
UBA pursues $143.6-million rights issue for African expansion
UBA seeks $143.6 million in new capital to drive expansion across Africa.
UBA strengthens Lagos trade fair partnership with $6-billion SME loan facility
UBA boosts SME growth with a $6-billion loan facility ahead of the 2024 Lagos International Trade Fair, reinforcing its commitment to empowering African businesses and driving economic growth.
Nigerian tycoon Tony Elumelu's UBA posts $189.6-million profit in H1 2024
The double-digit decline in profits can be attributed to UBA’s higher expenses, coupled with a drop in trading and foreign exchange gains.
Nigerian businessman Tony Elumelu's UBA targets $20-trillion revenue in 25 years
The goal, announced by UBA Group Managing Director and CEO Oliver Alawuba, underscores the bank’s vision to become one of the world’s top 10 banks over the next 25 years.
Nigerian tycoon Tony Elumelu’s UBA delivers $102.25-million profit in Q1 2024
Under Elumelu’s leadership, UBA’s total comprehensive income for the period also rose, from N51.03 billion ($36.56 million) to N581.47 billion ($416.7 million).
Nigerian businessman Tony Elumelu’s UBA reports $468.8-million profit in 2023
The substantial surge in profit was driven by higher interest income and a notable increase in foreign exchange earnings throughout the year.
Nigerian businessman Tony Elumelu’s UBA stake nears $50 million
As his stake in UBA approaches $50 million, Elumelu’s influence and commitment to Africa’s economic prosperity remain undeniable.
Tony Elumelu’s UBA commits to attracting investments in ECOWAS mining sector
The pledge was reaffirmed at the fourth ECOWAS Mining and Petroleum Forum in Cotonou, Benin.
Nigerian businessman Tony Elumelu gains $14 million from UBA stake
Tony Elumelu, with his 7.39-percent stake in UBA, equivalent to 2,527,372,285 shares, stands out as one of the Nigerian Exchange’s most affluent investors