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Tag: Tony Elumelu

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 […]

Tony Elumelu to give speech at ECOWAS forum
Business

Power plants’ operation affected by gas shortage, Elumelu tells FG

The Tony Elumelu Foundation’s Founder, Tony Elumelu, has disclosed that a lack of appropriate gas supply is impacting the operation of the country’s power plants. According to The Punch, he claimed this was harming the country’s electricity supplies. He mentioned this on Sunday at the Nigerian Bar Association’s Annual General Conference. During his remarks at the occasion, […]

Tony Elumelu to give speech at ECOWAS forum
Business

Why business partnership are difficult to form in developing nations – Tony Elumelu

A well-known businessman and Chairman of Heirs Holdings, Tony Elumelu, has provided insight into the challenging aspect of creating partnerships in developing countries. Although he admits that partnerships are an important factor in success, he warns that these alliances are not without difficulties. Elumelu stated this viewpoint in a tweet and elaborated on it in a personal statement […]

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

Why I established $3.5m green entrepreneurship program – Elumelu

Billionaire industrialist, Tony Elumelu, has explained why he initiated the $3.5 million green entrepreneurship program. Elumelu stated through his official Twitter on Friday tweeted that he embarked on the initiative in order to lessen the effects of the climate crisis. He stated that the UNICEF, Generation Unlimited, and IKEA Foundation had joined forces with the Tony Elumelu Foundation […]

Business featured

Elumelu’s firm acquires 70m units of UBA shares

A private equity firm, HH Capital, founded by a Nigerian billionaire and the chairman of the Board of Directors of United Bank for Africa, Tony Elumelu has acquired 70 million units of shares of UBA. According to The Punch, the acquisition was disclosed through a corporate filing made on Wednesday on the Nigerian Exchange Limited. […]

Osinbajo hands Transcorp certificate of discharge
News

Elumelu’s Transcorp named Abuja DisCo’s preferred bidder

The National Council of Privatization has approved Transcorp Group as the preferred bidder for the Abuja Electricity Distribution Company.   According to a Nairametrics report, this was made known by the Vice President, Yemi Osinbajo, on Tuesday in Port Harcourt, Rivers State while commissioning the Afam 3-Fast Power Plant.   Details later….

Otedola asks top First Bank official to resign over 'wasteful party'
Business

How Tony Elumelu took my UBA, Transcorp shares – Otedola

Billionaire businessman, Femi Otedola, on Tuesday morning, went down memory lane on his relationship with Tony Elumelu and his plans for Transcorp before he opted out because his bid was rejected.   Otedola noted that he offered to acquire Transcorp Plc for N250 billion and take the company’s market capitalisation to N2 trillion but his […]

Tony Elumelu Foundation to support female farmers
featured Opinion

Investing in Africa’s power sector’ll alleviate poverty – Elumelu

The Chairman of Heirs Holdings, Tony Elumelu, has called on the private sector stakeholders to ensure adequate investments in Africa’s power sector in order to alleviate poverty.   Elumelu, who is also the chairman of Transcorp Power Limited, made this statement on Monday, while receiving the discharge certificate of the Ughelli power plant.   The […]

Osinbajo hands Transcorp certificate of discharge
Business featured

Osinbajo hands Transcorp certificate of discharge

Vice President Yemi Osinbajo on Monday presented a discharge certificate to the chairman of Transcorp Power Limited, Tony Elumelu, who is the major investor in the Ughelli Power Plant. The Punch reported that during this presentation which was held in Abuja, Osinbanjo highlighted the need for significant private-sector investment in Nigeria’s power sector to meet […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Energy

OPEC quota: Elumelu disagrees with Sylva over low oil sector investment

Nigeria’s billionaire businessman, economist, and philanthropist, Tony Elumelu, on Thursday argued that the reason why Nigeria had been unable to meet its oil production quota as approved by the Organisation of Petroleum Exporting Countries was not because of low investment but theft. Elumelu’s position is contrary to the views expressed by the Minister of State […]

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