Tony Elumelu

On December 30, 2025, Elumelu’s Heirs Energies bought Maurel & Prom’s 20.07% stake in Seplat Energy for $496 million, acquiring 120.4 million shares at 305 pence each.

Nigerian businessman, Tony Elumelu, said oil theft losses at his company's assets have fallen from 97% to 2%, saying the turnaround has restored profitability and made it easier for the company to obtain dollars without relying on personal connections at the central bank.

Tony Elumelu’s Heirs Holdings stake in Seplat Energy has more than doubled in value to over $1bn, less than eight months after the investment was made. Heirs Holdings acquired a 20.07 percent stake in Seplat for about $500m...

A viral video showing United Bank for Africa (UBA) Chairman, Tony Elumelu, correcting a female graduand of the bank’s Graduate Management Acceleration Programme (GMAP) 2026 for addressing him by his first name has triggered a heated debate online. ...

August 09, (THEWILL) — On August 21, 2026, one of the longest-serving and most influential boardroom gurus in Nigeria's corporate governance world and financial services industry will step aside. He is Mr Tony Onyemaechi Elumelu. After 12 years, Elumelu will...

July 6, (THEWILL) — United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board on August 21, 2026, in line with the Central Bank of Nigeria's corporate governance guidelines on...

June 09, (THEWILL) — Seplat Energy Plc has announced a major leadership transition, which will see renowned investor and business leader, Tony Elumelu, assume the role of Chairman from January 1, 2027, while veteran oil and gas executive Effiong...

May 18, (THEWILL) — Multi-billionaire chairman of United Bank for Africa (UBA) Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026, as shareholders gather virtually for...

May 03, (THEWILL) — The Dangote Group has dismissed as false and malicious, reports alleging a rift between its President, Aliko Dangote, and the Group Chairman of United Bank for Africa, Tony Elumelu, insisting that both business leaders maintain...

May 03, (THEWILL) — ‎ The management of the United Bank for Africa has dismissed as false and malicious reports circulating on social media alleging that its Group Chairman, Tony O. Elumelu, has divorced his wife, describing the...