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Tony Elumelu

News

Private jet loses door after Abuja takeoff, lands safely as NSIB opens probe

A Triton Aviation business jet lost its door after taking off from Abuja and landed safely with nine people aboard, and NSIB is investigating.
News

Troops destroy Lakurawa camps in Sokoto forest, kill several fighters

Nigerian troops overran a Lakurawa enclave in Sokoto’s Waria Forest, killing several fighters, destroying camps and recovering weapons and five motorcycles, the military said.
News

Elumelu’s Transcorp pays N20.3bn dividend on profit jump

Tony Elumelu's Transcorp Group declared an N20.3 billion dividend after a 44 percent jump in 2025 profit after tax to N135.9 billion.
Business

Elumelu firms link with MoMo PSB for cardless payments

United Bank for Africa, Heirs Holdings-backed Redtech and MoMo PSB launched a cardless payment partnership, enabling wallet payments across 55,000 RedPay terminals nationwide.
News

Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Politics

Elumelu’s UBA assets cross N33 trillion, sustain growth into Q1 2026

United Bank for Africa's total assets have crossed 33 trillion naira as Tony Elumelu's pan-African lender sustained earnings momentum into the first quarter of 2026.
Business

Heirs Energies Sees $186 Million Paper Gain on Seplat Stake

Heirs Energies records a $186.6 million paper gain on its Seplat stake as shares rise sharply following December acquisition.
Business

Tinubu’s Reforms End FX Scarcity, Boost Investor Confidence — Elumelu

KEY POINTS Elumelu says Tinubu’s reforms and central bank policies have effectively ended Nigeria’s...
Business

Tony Elumelu Urges CEOs to Lead With Trust, Not Titles

Tony Elumelu says modern leadership is built on trust, accessibility and execution, not hierarchy, as his businesses post landmark banking and energy deals.
Business

Nwanze Reflects on Crisis, Capital and the Future of African Energy

Sam Nwanze breaks down how Africapitalism, discipline, and financial innovation helped Heirs Energies navigate crises and chart a stronger future.
News

Wike, Elumelu Urge Stronger Investments to Tackle Poverty

Wike and Elumelu urge stronger investments to tackle poverty, calling for public-private collaboration to unlock Abuja’s and Africa’s economic potential
Business

Transcorp Power Reports 38 Percent Revenue Jump

Transcorp Power posts 38 percent revenue growth and 17 percent profit rise, reflecting higher power generation, cost efficiency, and expanding asset base.
News

Tony Elumelu Urges Shift From Aid to Investment in Africa

Tony Elumelu urges a shift from aid to investment in Africa, calling for partnerships that prioritize entrepreneurship and sustainable growth.
Business

Tony Elumelu Boosts UBA Stake Above 16 Percent

Tony Elumelu has raised his UBA stake above 16 percent as the bank pushes new rights issues and reports stronger earnings.
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News

Private jet loses door after Abuja takeoff, lands safely as NSIB opens probe

A Triton Aviation business jet lost its door after taking off from Abuja and landed safely with nine people aboard, and NSIB is investigating.
News

Troops destroy Lakurawa camps in Sokoto forest, kill several fighters

Nigerian troops overran a Lakurawa enclave in Sokoto’s Waria Forest, killing several fighters, destroying camps and recovering weapons and five motorcycles, the military said.
News

Borno’s Guzamala council chairman says troops repelled a two-hour terrorist attack on a military post

Suspected Boko Haram fighters attacked a military post in Mairari, Borno State, on Tuesday night; the council chairman says troops repelled them and no civilians died.
News

Lagos banker and seven others arraigned over alleged N710 million proof-of-funds fraud

A Lagos banker and seven others have been arraigned on a 12-count charge over an alleged N710 million proof-of-funds fraud, according to the Police Special Fraud Unit.