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Fitch raises transparency concerns over Nigeria’s TRS deals

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UBA named approved channel for Dangote Refinery IPO

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Tag: Tony Elumelu

Business

Tony Elumelu named Seplat chairman in major leadership shakeup

Seplat Energy Plc has announced major leadership changes, with billionaire investor and philanthropist Tony O. Elumelu set to become Chairman of the Board in 2027, in a transition that underscores the company’s next phase of expansion and governance continuity. The announcement also confirms the planned retirement of Chief Executive Officer Roger Brown on July 31, […]

Tony Elumelu
Business

Tony Elumelu set for Seplat Energy board seat

Multi-billionaire founder and chairman of United Bank for Africa Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026. Shareholders will gather virtually for the company’s 13th Annual General Meeting on that date. This development is according to the energy company’s Notice of […]

News

UBA denies Tony Elumelu divorce claims, arrests three suspects

The United Bank for Africa has dismissed as false and malicious a viral social media claim alleging that its Group Chairman, Tony Elumelu, has divorced his wife, describing the publication as a deliberate attempt to mislead the public and damage reputations. In a formal statement issued by the bank’s Group Head of Brand, Marketing and […]

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Dangote denies rift with Elumelu over refinery financing claims

The Dangote Group has denied any rift with billionaire businessman Tony Elumelu, warning content creators, organisations, and digital platforms against the spread of misinformation and AI-generated advertisements using its brand and leadership. The warning was conveyed in a statement by Anthony Chiejina, Group Chief Branding and Communications Officer at Dangote Industries Limited, following a viral […]

Business

BUA Foods records ₦518bn profit amid Rabiu-Elumelu alliance

Nigeria’s industrial and financial heavyweights, the Founder and Chairman of BUA Group, Abdul Samad Rabiu, and Chairman of United Bank for Africa, Tony Elumelu, have moved to deepen their partnership to drive Nigeria’s industrial growth. In line with the partnership, Rabiu recently hosted Elumelu and his executive management team at BUA Group’s corporate headquarters in […]

Business

Regulatory constraints behind banks’ tough lending terms for SMEs — Elumelu

Chairman of UBA Group, Tony Elumelu, has explained why entrepreneurs frequently encounter tough conditions when applying for loans from commercial banks, pointing to increasingly strict regulatory requirements. Speaking at a panel session during the 49th Governing Council meeting of the International Fund for Agricultural Development in Rome, Elumelu said banks are generally willing to lend […]

Energy featured

Energy sector records $1.3bn surge amid Elumelu, Otedola deals

Nigeria’s energy sector recorded transactions valued at $1.3 billion within four days ending December 31, marking one of the most active deal-making periods the industry has witnessed in several years. The flurry of transactions, which took place between December 29 and December 31, featured billionaire investor Tony Elumelu’s Heirs Energies Limited acquiring a significant 20 […]

Business

Elumelu’s Heirs Energies acquires major stake in Seplat Energy

Tony Elumelu’s Heirs Energies has acquired a 20 per cent stake in Seplat Energy in a transaction valued at approximately 500 million dollars, making it the single largest shareholder in the Nigerian energy company. The landmark acquisition was backed by two major African financial institutions, Afreximbank and Africa Finance Corporation, underscoring the growing capacity of […]

Tony Elumelu to give speech at ECOWAS forum
Conferences

Tony Elumelu advocates Africa’s inclusion in global AI revolution

The Chairman of United Bank for Africa PLC and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu, has strongly advocated for the deliberate inclusion of Africa in the global digital and Artificial Intelligence revolution, stressing that digital inclusion is economic inclusion. Elumelu made this case while speaking in Washington D.C. at a seminar on […]

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