Tony Elumelu – Page 3 of 5 – Prime Business Africa

Elumelu’s Wife Pays N5.34bn For Transcorp Shares, Family Now Controls 35.8% Of Transcorp

Dr. Awele Elumelu, the wife of Tony Elumelu, the Chairman of Transnational Corporation (Transcorp) Plc, has acquired a significant stake in the company. She bought 2.06 billion shares of Transcorp Plc, which

Fakoyejo Olalekan

2 years ago

Business

Transcorp Shareholders Lose N30.89 billion To Femi Otedola’s Exit

Femi Otedola’s exit from Transnational Corporation (Transcorp) has cost the company’s shareholders -24.35 per cent of their investments. After reports circulated on Friday, 28 April, that Otedola is no longer a shareholder

Fakoyejo Olalekan

2 years ago

Business

Like Elumelu, Wigwe, Ebenezer Onyeagwu Acquires More Shares In Zenith Bank

The Group Managing Director and Chief Executive Officer of Zenith Bank, Ebenezer Onyeagwu, has acquired 8 million shares in the company. He parted with N191.80 million to acquire the shares, which increased

Fakoyejo Olalekan

2 years ago

Elumelu Confident In Naira Regaining Stability Amid CBN Leadership Change

Business

Tony Elumelu Increases Investment In UBA To N19.48 billion Amid Otedola Dispute

The Chairman of United Bank for Africa (UBA), Tony Elumelu, has bought N560 million worth of shares in the commercial bank through his investment company, HH Capital Limited. He made the acquisition

Fakoyejo Olalekan

2 years ago

Business

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Serial investor, Femi Otedola, has sold some of his shares in Geregu Power Plc, where he is the majority shareholder and chairman. According to a document filed with the Nigerian Exchange Limited

Fakoyejo Olalekan

2 years ago

Business

Tony Elumelu Rejects Femi Otedola’s N250 billion To Buy Transcorp Plc

The Chairman of Geregu Power, Femi Otedola, has revealed that he offered to buy Transnational Corporation (Transcorp) Plc for N250 billion. Otedola, on Tuesday, said his offer was rejected despite planning to

Fakoyejo Olalekan

2 years ago

Business

Femi Otedola Alleges Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp Investments

Femi Otedola has accused Tony Elumelu of double-crossing him in deals involving United Bank for Africa (UBA) and Transnational Corporation (Transcorp). He disclosed that Elumelu betrayed him on multiple occasions. Otedola explained

Fakoyejo Olalekan

2 years ago

Business·Power

FG Gives Transcorp Power Post-privatisation Discharge Certificate

Transcorp Power Limited, Nigeria’s leading power generation company was on Monday presented with a post-privatisation discharge certificate by the Federal Government of Nigeria

Victor Ezeja

2 years ago

Transcorp's Top Investor, Emmanuel Nnorom, Joins Otedola To Selloff Shares After Elumelu Powerplay

Business

Transcorp’s Top Investor Records 321.6% Gain In Shares Sell-off

In a move that further consolidates Tony Elumelu’s shareholding, the fourth majority single shareholder in Transnational Corporation (TransCorp) Plc, Emmanuel Nnorom, has offloaded 98 per cent of his shares after Femi Otedola

Fakoyejo Olalekan

2 years ago

Business

Tony Elumelu Allegedly Pays Femi Otedola Over N32 billion To End Transcorp Plc Power Tussle

Tony Elumelu has reportedly buyout Femi Otedola in Transnational Corporation (Transcorp) to put an end to the hostile takeover which started two weeks ago. Otedola allegedly sold the 2.6 billion shares he

Fakoyejo Olalekan

2 years ago

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Tony Elumelu - Page 3

Elumelu’s Wife Pays N5.34bn For Transcorp Shares, Family Now Controls 35.8% Of Transcorp

Transcorp Shareholders Lose N30.89 billion To Femi Otedola’s Exit

Like Elumelu, Wigwe, Ebenezer Onyeagwu Acquires More Shares In Zenith Bank

Tony Elumelu Increases Investment In UBA To N19.48 billion Amid Otedola Dispute

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Tony Elumelu Rejects Femi Otedola’s N250 billion To Buy Transcorp Plc

Femi Otedola Alleges Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp Investments

FG Gives Transcorp Power Post-privatisation Discharge Certificate

Transcorp’s Top Investor Records 321.6% Gain In Shares Sell-off

Tony Elumelu Allegedly Pays Femi Otedola Over N32 billion To End Transcorp Plc Power Tussle

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