Nigerian businessman Tony Elumelu’s UBA earns $100 million in profit in Q1 2022
Elumelu owns a sizable 6.39-percent stake in the company.
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Elumelu owns a sizable 6.39-percent stake in the company.
Elumelu is the founder of Heirs Holdings and Transcorp.
Elumelu believes Nigerians face too many challenges in their daily lives due to government mismanagement.
Elumelu owns a 6.39-percent stake in the company.
Elumelu derives a total wealth of $46.9 million from his stake in the pan-African bank.
Elumelu has recently shown interest in Caribbean markets as part of a strategic drive to foster wealth creation through partnership.
UBA is a Nigerian financial services group with operations in 20 African countries, the UK, the United States and France.
The businessman and philanthropist addressed the subject during an interview with Arise TV.
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.