Elumelu Archives — City Business News

March 7, 2024 No Responses

Heirs Energies Expands Gas Supplier To Geometric Power Plant

Heirs Energies has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.Heirs Energies is a leading provider of gas to the Nigerian...

January 9, 2024 No Responses

UBA Surpasses N1 Trillion Market Capitalisation Mark

United Bank for Africa (UBA) Plc has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on...

October 24, 2023 No Responses

Elumelu Seeks Urgent Recapitalization, Enforcement Of Compulsory Insurance In Nigeria

Chairman of Heirs Insurance Group, Tony Elumelu has called for the urgent recapitalisation of insurance companies in Nigeria, as part of a six-point agenda to completely transform the insurance industry. He made the call on Monday, October 23, 2023, at.....

September 20, 2023 No Responses

Tony Elumelu Foundation Partners UNICEF, IKEA On Green Entrepreneurship Programme

The Tony Elumelu Foundation, UNICEF’s Generation Unlimited (GenU), and IKEA Foundation have announced their strategic partnership to launch a pioneering Green Entrepreneurship Programme that is aimed at empowering African youth and tackling the triple pl...

June 5, 2023 No Responses

Elumelu: Africa Needs To Rethink Its Relationship With Business

Africa needs to rethink its relationship with business, foremost Nigerian industrialist and Chairman, Heirs Holdings Group, Tony Elumelu, has reinstated. According to Elumelu, “Africapitalism” means the private sector can transform Africa’s economy and s...

May 8, 2023 No Responses

FG Presents Discharge Certificate To Transcorp

Following fulfilment of all privatization conditions, Transcorp Power Limited, located in Ughelli, Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria o...

December 15, 2022 No Responses

Elumelu Laments Trade Discrimination Against Africa

Africa suffers the most trade discrimination in the whole world, Chairman, Heirs Holdings, Mr Tony Elumelu has said, calling on its leaders to address the barriers facing the continent. Elemulu said this at a side event on “Charting the Course:.....

October 21, 2022 No Responses

Alaghodaro Business Summit: Obaseki Hosts Dangote, Elumelu, Ibru, Peterside, Others

The Edo State Governor, Mr. Godwin Obaseki, Thursday, hosted key players in Nigeria’s private sector, including Chief Executive Officers (CEOs) of conglomerates, members of the diplomatic corps and other stakeholders in the investment community to a business...

September 30, 2022 No Responses

Elumelu Proposes N50m Capital Base For Insurance Brokers

Chairman, Heirs Holdings, Tony Elumelu, on Thursday proposed N50 million as a capital base for insurance broking firms operating in Nigeria. Elumelu, also founder, Tony Elumelu Foundation, said this at the 60th Anniversary Colloquium of the Nigerian Counc...

July 15, 2022 No Responses

UBA Photo News

L-R: United Bank for Africa (UBA) Group Head, Commercial and Corporate Banking, Mr. Muyiwa Akinyemi; Executive Director, Treasury and International Banking, Mr. Ndubisi Chiugo; Chief Executive Officer, Dubai International Financial Centre(DIFC) ...

July 1, 2022 No Responses

Heirs Insurance Sponsors $30,000 Tony Elumelu Storytellers Fund

Africa No Filter, a donor collaborative working to transform stereotypical narratives of Africa has launched the Tony Elumelu Storytellers Fund of $30,000 sponsored by Hiers Insurance and Hiers Life Assurance for journalists and artistes. A statemen...

January 16, 2021 No Responses

Heirs Holdings Acquires 45% Of OML 17 From Shell, Total, ENI

Heirs Holdings (HH), in partnership with affiliated company, Transnational Corporation of Nigeria Plc on Friday announced acquisition of 45% participating interest in Nigerian oil licence OML 17 and related assets, th...

January 2, 2021 No Responses

Tony Elumelu Foundation Partners PwC On Impact Assessment Report

The Tony Elumelu Foundation (TEF) on Friday unveiled the TEF Entrepreneurship programme for 2021 to empower women and men across the African continent. Meanwhile, the Foundation in conjunction with Price Waterhouse and Coopers (PwC)&n...

December 12, 2020 No Responses

Tony Elumelu Foundation Partners EU On Economic Empowerment For 2,500 African Women In 2021

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy committed to empowering young African entrepreneurs, has announced a partnership with the European Union to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021.&nbs...