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Tag: Tony Elumelu

Tony Elumelu
News

Tony Elumelu pledges N25b to ‘Produce for Lagos’ initiative

The Chairman of Heirs Holdings, Tony Elumelu, has pledged N25 billion to the Produce for Lagos Programme—the largest private sector contribution to the initiative. He made the disclosure on Wednesday at Lagos House, Ikeja, during the launch of the Produce for Lagos Programme and the N500 billion Offtake Guarantee Fund. The programme aims to boost […]

Tony Elumelu appointed to IMF advisory council
Banking

Tony Elumelu acquires additional N43.9bn UBA shares in two days

The Chairman of United Bank for Africa, Tony Elumelu, has purchased shares worth N43.9 billion in the bank over two days. The Group Company Secretary, Bili Odum, revealed the transaction details in a regulatory filing submitted to the Nigerian Exchange Group on Monday. The filing states that the transactions took place between May 29 and […]

News

Power sector reform crucial to $1tn economy – Elumelu

The Chairman of Transcorp Group, Tony Elumelu, has stated that Nigeria’s goal of building a $1 trillion economy cannot be achieved without addressing the pressing issues in the country’s electricity sector. Speaking at the company’s Annual General Meeting in Abuja on wednesday, Elumelu emphasized that reliable power is the most crucial factor in transforming the […]

Tony Elumelu appointed to IMF advisory council
News

Tony Elumelu appointed to IMF advisory council

Founder and Group Chairman of Heirs Holdings, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund to join its newly established Advisory Council on Entrepreneurship and Growth. The Council is convened by IMF Managing Director Kristalina Georgieva. Elumelu, a passionate advocate for entrepreneurship across Africa, has made significant contributions through his foundation, […]

Tony Elumelu calls for global investment in Africa
Investment

Tony Elumelu calls for global investment in Africa

Nigerian billionaire and business leader Tony Elumelu has emphasized Africa’s unparalleled return on investment, urging global stakeholders to recognize and tap into the continent’s vast economic potential. “There is nowhere else in the world that can match the return on investment that our continent offers,” Elumelu, 61, wrote in a post on X, formerly Twitter, […]

featured

Oil revenue crucial for Nigeria’s growth, diversification, development – Elumelu

The Chairman of Heirs Holdings, Tony Elumelu, has called for increased oil production to support Nigeria’s economic diversification and development. Speaking at the Nigeria Petroleum Industry Leadership Discourse in Abuja, on Thursday, the Heirs Holdings Chairman emphasized that oil revenues are vital for industrialization, energy security, and infrastructure growth. He stressed the need to maximize […]

News

Elumelu Foundation supports 20,000 African entrepreneurs with $5,000

Heirs Holdings and the Tony Elumelu Foundation have announced a provision of $5,000 in seed capital to young African entrepreneurs, aimed at stimulating economic growth across the continent. This initiative was revealed during the Future Investment Initiative, New Africa Summit in Saudi Arabia, where the Chairman of Heirs Holdings and Founder of the foundation, Tony […]

News

Tony Elumelu Urges FG to establish special courts for energy thieves

Tony Elumelu, Chairman of the Board of Directors at Transcorp Group, has called on the Federal Government to establish special courts dedicated to prosecuting energy thieves in Nigeria. Elumelu made this appeal during the 18th Annual General Meeting of Transcorp Group held in Abuja on Monday, emphasizing the urgent need for stringent measures to combat […]

Why I established $3.5m green entrepreneurship program - Elumelu
Opinion

Elumelu calls for privatization of electricity transmission lines

Melvin Onwubuke   Nigerian business tycoon, Tony Elumelu, has asked the federal government to privatize the transmission lines to enhance electricity supply and promote economic growth in the country.   Elumelu said in an interview with Bloomberg on Wednesday that the restructuring of the electricity sector is crucial for the recovery of the economy, and […]

Tony Elumelu to give speech at ECOWAS forum
News

Tony Elumelu to give speech at ECOWAS forum

It has been scheduled that the Chairman of United Bank for Africa, Tony Elumelu, will give the keynote lecture at the fourth ECOWAS Mining and Petroleum Forum in Cotonou, Benin Republic. According to The Punch, ECOWAS is offering a forum for participants in the ECOWAS mining and petroleum sectors, and is scheduled to take place […]

Tony Elumelu to give speech at ECOWAS forum
News

Why Africa must play key role in climate advocacy – Elumelu

The Founder, The Tony Elumelu Foundation and Group. Chairman, United Bank of Africa, Tony Elumelu, has stated that Africa needs to be a significant player in international climate discussions. He revealed this to former US Secretary of State Hillary Clinton during a discussion about “Taking Action Together for the Most Vulnerable on the Climate-Health Nexus” at […]

Tony Elumelu to give speech at ECOWAS forum
Business

How CBN leadership will boost naira – Elumelu

A billionaire businessman, Tony Elumelu, has stated that he is confident that the recent change of leadership at the Central Bank of Nigeria will be crucial in restoring confidence in the local currency. Elumelu stated this in an interview with Bloomberg TV in New York, saying, “People are accumulating money because they lack confidence, not because they […]

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