Tony Elumelu News

First Bank of Nigeria ATMs

How Nigeria's banks are innovating

Nigeria’s relatively significant exposure to the oil and gas sector increased pressures on balance sheets and operations.

Tony Elumelu, Chairman of Heirs Holdings & UBA

Nigeria has officially entered a recession + Interview with UBA Chairman Tony Elumelu (Video)

Nigeria’s economy has officially entered a recession. The latest growth figures shows the economy shrunk by 2.06% between April and June.

Tony Elumelu, Chairman, UBA Group. Credit: brandessencenigeria.com

Nigeria's UBA plans African expansion, says Chairman Tony Elumelu

United Bank for Africa (UBA) plans to increase its presence in Africa outside Nigeria to 25 countries from 18 now and inject capital into its subsidiaries in Kenya, Tanzania and Uganda, its chairman said on Tuesday.

Olatorera Oniru, CEO, Dress Me Outlet

Meet the Nigerian woman who is building the fashion Amazon of Africa

Olatorera Oniru is one of Nigeria’s most assiduous and ambitious young entrepreneurs. The 29 year-old lady is the founder of Dressmeoutlet.com, a Lagos-based e-commerce startup that retails fashion products sourced from across the globe.

Kennedy Uzoka, incoming Managing Director of UBA Group

Nigeria's UBA Group appoints Kennedy Uzoka as Managing Director, Victor Osadolor as Deputy MD

Lagos-based UBA Group has appointed Kennedy Uzoka as Group Managing Director, with effect August 1st, 2016 and contingent on the approval of Nigeria’s Central Bank.

Akinwumi Adesina, President, African Development Bank (AfDB)

New African Development Bank President Adesina looking to mobilize $55B for energy projects on the continent

African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment.

Muhammadu Buhari, President of Nigeria

Putting Nigeria to the test: Will democracy stick?

If American politics are brutal, then those in Nigeria are a blood sport. Since 1963, there have been 14 Nigerian heads of state.

Change of pace: growing numbers of young Africans have flourishing businesses — Bloomberg/FT

New generation of African entrepreneurs lead the way

As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.

Change of pace: growing numbers of young Africans have flourishing businesses — Bloomberg/FT

African Entrepreneurs - A new generation leads the way: Financial Times (Report)

Start-ups are thriving and helping to change perceptions of business in Africa. As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.

Tony Elumelu, Chairman of Tony Elumelu Foundation, Heirs Holdings, UBA, and Transcorp

Tony Elumelu Foundation selects first batch of 1,000 African entrepreneurs to receive funding

The Tony Elumelu Foundation (TEF) has announced the selection of the first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP).

Tony Elumelu, Chairman of Heirs Holdings

Africapitalism - A new framework for a new age: Tony Elumelu, Chairman, Heirs Holdings

This week, world leaders from the public and private sectors, civil society and academia are gathered at Davos to discuss a “new global context” – the theme of the World Economic Forum’s 2015 annual meeting.

Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp

Nigeria's economy resilient to oil prices: Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp (Video)

Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp, has said that the Nigerian economy is more resilient to falling oil prices than is being projected.

Wonderloop

Nigerian billionaire Tony Elumelu invests undisclosed amount in Silicon Valley mobile startup Wonderloop

Tony O. Elumelu, one of Africa’s wealthiest magnates (who recently launched a $100 million program to support entrepreneurship in Africa) is understood to have put an undisclosed sum into Silicon Valley-based mobile startup Wonderloop.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp, & UBA Group

Entrepreneurs will create the jobs Africa requires: Tony Elumelu, Chairman of Heirs Holdings, Transcorp, and UBA Group

In the last week alone, the international media has been buzzing about Chi, a Nigerian drinks company, and Africell, the largest mobile phone operator in Sierra Leone and Gambia.

Tony Elumelu at the US-Africa Business Forum in Washington in August 2014

Billionaire Tony Elumelu launches $100M program to boost African business

One of Africa’s richest businessmen, Tony Elumelu, has launched a $100 million program to support and promote entrepreneurship across the continent.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Africa's Richest 2014 Visualization

Africa's Richest 2014 (Visualization)

Visualization of Africa’s Richest 55. Data courtesy of Ventures Africa. Sort and filter by Net Worth (US $). Filter by Number of Jobs Created, Country of Citizenship, Industry, Age, and Gender.

Tony Elumelu, Chairman of Heirs Holdings, Chairman of Transcorp, and Chairman of UBA Group

Nigeria's four newest billionaires: Tony Elumelu, Cletus Ibeto, Benedict Peters, & Akanimo Udofia

Nigeria has four new billionaires, according to wealth research done by Ventures Africa.

Aliko Dangote, Chairman, Dangote Group

In Africa's oil capital, Africa's richest man built an empire on sugar

As Africa’s global business prominence continues to surge, so too does Aliko Dangote’s profile as one of the region’s most recognised entrepreneurs.

Tony Elumelu and Barack Obama at the Ubungo Power Plant

Heirs Holdings can generate a quarter of Nigeria's power needs within the next five years: Tony Elumelu, Chairman, Heirs Holdings

Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.”

Tony Elumelu, Chairman of Heirs Holdings

US-Africa Business Forum: An interview with Tony Elumelu, Chairman of Heirs Holdings (Video)

Tony Elumelu, Chairman of Heirs Holdings, a pan-African investment firm based in Lagos, Nigeria, talks about the investment climate and availability of capital in different African countries.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Tony Elumelu: The Africapitalist who wants to power Africa

You’ve probably heard by now about the Afropolitans and the Afropreneurs — but what about the Africapitalists?

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Game Changers Africa: A profile of Tony Elumelu, Chairman of Heirs Holdings, UBA and Transcorp (Video)

Former Nigerian banker turned philanthropist & entrepreneur, Tony Elumelu, is profiled.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp & UBA Group

UBA Group Appoints Tony Elumelu as Chairman

The Board of United Bank for Africa Plc UBA today announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi.

Transcorp

Transcorp announces appointment of Emmanuel Nnorom as new CEO

The Board of Directors of Transnational Corporation of Nigeria Plc on Tuesday announced the appointment of Mr. Emmanuel Nnorom as the President/Chief Executive Officer of the company.

Tony Elumelu, Chairman, Transcorp

Tony Elumelu, Chairman, Transcorp: Creating A Billion Dollar Conglomerate (Video)

Transcorp Chairman, Tony Elumelu, talks about his ambitious plans to grow the group into a billion dollar conglomerate within five years. Elumelu also explains why he chose Rwanda as the base for a new commodities exchange in Africa.

Kenya's President Uhuru Kenyatta, Tony O. Elumelu and Emmanuel Hategeka, Rwanda's Permanent Secretary of the Ministry of Trade and Industry, at the launch of the East African Exchange in Kigali

East African Exchange (EAX): Regional Commodity Exchange Officially Launches

A new commodities exchange that launched late last week in Kigali, Rwanda, aims to use state-of-the-art technology to provide East Africa’s small-scale farmers access to agricultural and financial markets.