Tag: Tony Elumelu

I’ve Very Clear Vision of Where Africa Should Be— Elumelu

Aliyu Aliyu

…urges international oil companies to partner with indigenous firms   Chairman, Heirs Holdings Group and the United Bank for Africa (UBA), Tony Elumelu says he has a clear vision for Africa, hence his advocacy for Africapitalism. Platforms Africa reports that Elumelu explained that Africapitalism ensures shared prosperity, environmental sustainability and community development to enable the younger generation reap great wealth. Speaking during the 3rd anniversary of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday in Abuja, the Nigerian investor called on international oil companies to increase collaborations with indigenous firms.…

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Otedola Surrenders Transcorp’s Top Ownership Tussle To Elumelu

ADEOLA YUSUF

Shares of Transcorp, owner of three power plants with 2,000 megawatts or more than 40 per cent of Nigeria’s total power-generating capacity, slumped 9.9 per cent on the Nigerian Exchange (NGX) in Lagos   Nigerian businessman Femi Otedola has sold his substantial shareholding of 6.3 per cent, a haul of 2.6 billion shares bought in separate transactions in Transcorp, to Mr Tony Elumelu. Earlier, within days of his acquisition of a substantial shareholding, Mr Elumelu had racked up his interest from 2.07 to 25.9 per cent. This is perceived by…

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