United Bank for Africa Plc has announced that its group chairman, Tony Elumelu, will retire from the board of directors on August 21, 2026. The bank disclosed this on Monday during its board meeting, asserting that the process was necessary after the completion of the maximum 12-year tenure for non-executive …
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Seplat Energy Plc has appointed Mr Effiong Okon as Chief Executive Officer from Aug. 1, while Mr Tony Elumelu will become Chairman from Jan. 1, 2027. The company disclosed the appointments in a corporate filing submitted to the Nigerian Exchange Ltd. (NGX). It said the leadership changes were aimed at …
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The Dangote Group has denied reports making the rounds that its president, Aliko Dangote, has a purported rift with the Chairman of the United Bank for Africa, Tony Elumelu. In a statement on Saturday, the spokesperson of the Dangote Group, Anthony Chiejina, dismissed the claim as false. The firm also …
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Billionaire investor and philanthropist, Tony Elumelu, has disclosed the backstory of one of Africa’s biggest indigenous oil deals—a $2.5 billion acquisition of Shell’s oil assets, backed by Afreximbank, which led to the creation of Heirs Energies. Speaking at the 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), during a …
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TONY Elumelu, chairman of the United Bank for Africa (UBA), has acquired N43.9 billion worth of shares in the financial institution within two days. Bili Odum, group company secretary, disclosed details of the transaction in a regulatory filing to the Nigerian Exchange Group (NGX) on Monday. According to the filing, …
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Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 …
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THE Chairman of Transcorp Group, Tony Elumelu, has urged the Federal Government to urgently prioritise security and power supply in the country to bring about the needed development. Elumelu made the call in his graduation lecture for participants of the Executive Intelligence Management Course (EIMC) 17 of the National Institute …
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AS part of the drive to eradicate malaria in Nigeria, the Federal Government has enlisted the support of prominent business leaders. The government said Aliko Dangote, Chairman of Dangote Group, Tony Elumelu, Chairman of Heirs Holdings, and Femi Otedola, Chairman of Geregu Power Plc, will lead the charge against the …
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TONY Elumelu, Chairman of Heirs Holdings and United Bank for Africa, has attributed Nigeria’s inability to meet its OPEC crude oil production quota to widespread crude oil theft. In an interview with the Financial Times, Elumelu emphasized that theft, rather than insufficient investment, is the primary obstacle to Nigeria’s oil …
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PRESIDENT Bola Tinubu, on Sunday, met with selected members of the organised private sector at the State House in Abuja. Newsextra24 reports that the President met with the businessmen ahead of the planned nationwide strike of the Nigeria Labour Congress (NLC) scheduled for tomorrow, Monday. The meeting’s agenda was not undisclosed, …
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