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Tony Elumelu

Energy FEATURED Latest TOP STORIES 

Seplat Up 44% Since Elumelu’s Stake Purchase as Valuation Tops N5trn

February 13, 2026February 13, 2026 Markets Reporters 0 Comments Heirs Energies, Seplat Energy, Tony Elumelu

Seplat Energy, one of the biggest Nigerian oil and gas independents, has risen 44.4 percent on the stock exchange since

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Energy FEATURED Latest TOP STORIES 

Seplat Brings Tycoon Tony Elumelu, Top Shareholder, on Board

January 22, 2026January 22, 2026 Markets Reporters 0 Comments Seplat, Tony Elumelu

Following the Company’s prior announcement regarding the sale of Etablissements Maurel et Prom SA (“M&P”) 20.07% shareholding in Seplat to

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FEATURED Latest Stocks TOP STORIES 

Seplat Shares Fall on First Trading Day After Heirs Energies’ Acquisition

January 2, 2026January 2, 2026 Markets Reporters 0 Comments Heirs Energies, Seplat Energy, Tony Elumelu

The share price of Seplat Energy, a major Nigerian oil independent, dropped by 3.43 percent on Friday, the first trading

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Energy FEATURED Latest TOP STORIES 

Elumelu’s Heirs Energies Buys 20% Stake in Seplat for $500m

December 31, 2025December 31, 2025 Markets Reporters 0 Comments Heirs Energies, Seplat Energy, Tony Elumelu

Heirs Energies, an indigenous integrated energy company, has acquired the entire 20.07% equity stake (120.4 million ordinary shares) previously held

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Energy FEATURED Latest TOP STORIES 

Elumelu’s Heirs Energies Inks $750m Afreximbank Loan to Drive Growth

December 21, 2025December 21, 2025 Markets Reporters 0 Comments Afreximbank, Heirs Energy, Tony Elumelu

Heirs Energies Limited, an indigenous Nigerian integrated energy company, has executed a $750 million financing with the African Export–Import Bank

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FEATURED Latest Thinkpiece TOP STORIES 

Looking towards an African Century: Tony Elumelu

March 14, 2025March 14, 2025 Markets Reporters 0 Comments African century, Tony Elumelu

by Tony Elumelu Global economies are undergoing a massive transformation, shaped by shifts in geopolitics, culture, demographics, technology, and volatile

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Economics FEATURED Latest TOP STORIES 

Transcorp’s profit nearly triples to N94bn, dividend rises

March 8, 2025March 8, 2025 Markets Reporters 0 Comments Tony Elumelu, Transcorp

Transnational Corporation Plc, chaired by tycoon Tony Elumelu, posted a profit after tax of N94.09 billion last year, up from

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FEATURED Latest Stocks TOP STORIES 

Elumelu’s HH Capital offers to buy 2.03 million shares from other Transcorp investors

December 23, 2024December 23, 2024 Markets Reporters 0 Comments HH Capital, Tony Elumelu, Transcorp

HH Capital Limited, controlled by business tycoon and Heirs Holdings chair Tony Elumelu, is poised to buy up to 2,032,399

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FEATURED Latest Stocks TOP STORIES 

Transcorp’s half-year profit surges nearly four-fold

July 26, 2024July 26, 2024 Markets Reporters 0 Comments Tony Elumelu, Transcorp

Transnational Corporation Plc reported a profit before tax of N70.9 billion for the first half of this year, up 283%

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FEATURED Latest Stocks TOP STORIES 

Elumelu’s wife buys 2.06 billion shares in Transcorp

May 13, 2023May 13, 2023 Markets Reporters 0 Comments Awele Elumelu, Tony Elumelu, Transcorp

Dr Awele Elumelu, the wife of the Chairman of Transnational Corporation Plc, Mr Tony Elumelu, has bought 2,063,484,991 shares of

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