Nigerian entrepreneur and Chairman of Heirs Holdings, Tony Elumelu, has declared that Nigeria’s foreign exchange crisis is over, stating that the FX market has now stabilised. Elumelu made the remarks on Friday, February 13, 2026, while addressing State House correspondents after a meeting with President Bola Tinubu at the Presidential Villa in Abuja. He noted […]
Tony Elumelu, Chairman of Heirs Holdings, has called for stronger collaboration between African governments and the private sector to transform rural economies and make agriculture a viable career path for the continent’s youth. Speaking at the 49th IFAD Governing Council in Rome, Elumelu identified electricity access, blended finance, and business education as the three pillars […]
Billionaire investor and philanthropist Tony Elumelu has said the Tony Elumelu Foundation (TEF) is the best investment he has ever made, despite owning a wide range of businesses across Africa. Elumelu made the remark during a quick question session on Instagram with his daughter, Oge Elumelu, in a video clip shared from their interaction. When […]
The second edition of the Traders Empowerment Programme, organized by the Renewed Hope Initiative in collaboration with the Tony Elumelu Foundation, was held on Thursday, September 18, 2025, at the Office of the First Lady of Delta State, Deaconess Tobore Oborevwori at Government House, Asaba. In her opening remarks, the wife of the Governor, Deaconess […]
BY TEMITOPE ADEBAYO The chairman of the United Bank for Africa (UBA), Tony Elumelu, has acquired 1.268 billion shares valued at N43.9 billion in the financial institution within two days. This was disclosed in a regulatory filing to the Nigerian Exchange Group (NGX) signed by the Group’s company secretary, Bili Odum. According to the filing, […]
The House of Representatives is set to investigate the N19.2 billion railway rehabilitation contract awarded to Eser Contracting Industry Company Incorporated in March 2011. The resolution followed the unanimous adoption of a motion filed by the Minority Leader, Rep. Ndudi Elumelu (PDP-Delta) at the plenary session on Monday. The contract was for the rehabilitation of […]
By Henry Omunu The Minority Caucus in the House of Representatives has congratulated the Chairman of the United Bank for Africa (UBA) group, foremost African entrepreneur and philanthropist, Dr Tony Elumelu, for making the list of top 100 most influential people in 2020 Time magazine award. The lawmakers described the recognition as well-deserving, given Dr […]
TIME has named the Chairman of the United Bank for Africa, Tony Elumelu, and a Nigerian physician, Dr. Tunji Funsho, among the annual list of the 100 most influential people in the world, Daily Times gathered. Also, Toyin Adeyemi, a 27-year-old Nigerian-American novelist, who is also a creative writing coach and best known for her […]
The Tony Elumelu Foundation’s 2020 TEF Entrepreneurship Programme will open for applications in January 1. The TEF Entrepreneurship Programme is open to entrepreneurs from across Africa, either with new startup ideas or existing businesses of less than 3 years existence, operating in any sector. Successful applicants will join the over 9,000 current beneficiaries, from 54 […]
Coca-Cola Chief Executive Officer, James Quincey has stated that the African region is the Company’s Future growth driver. Quincey, who stated this during his recent visit to Nigeria and South Africa, said his visit was a testament of Coca-Cola’s commitment to Africa and its interest in the vast opportunity that the continent presents in driving […]
In his drive to promote entrepreneurship, the Chairman of United Bank for Africa (UBA) and Heirs Holdings, Tony Elumelu, has stressed that Africans do not need aid, rather the young people need investments to build their businesses. Elumelu, stated this while opening the ‘ambition Africa” conference organised by the France Invest Africa Club in Paris, […]
Chairman Heirs Holdings and Founder Elumelu Foundation, Tony Elumelu will deliver the 40th anniversary lecture of the Lagos State Polytechnic, Ikorodu. The rector, Mr. Samuel Sogunro stated this while announcing the programme slated for the anniversary at a press conference in Lagos. The lecture titled:”Repositioning Education for Technological Development and Food Security according to him […]
Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its 4th Annual TEF Entrepreneurship Forum. The largest gathering of African entrepreneurs and the broader entrepreneurship ecosystem would unite over 5,000 entrepreneurs, global investors, leaders from the African public and private sectors and developmental organisations at […]
The Chairman of UBA Plc, Tony O. Elumelu has applauded the leadership of the Nigerian Stock Exchange (NSE) on the creation and the admittance of UBA to the NSE premium board. The Premium Board is the newly created platform for elite companies that meet the most stringent corporate governance and listing standards of the Exchange. […]
Africa offers investors the largest return on investment, chairman of Heirs Holdings in Nigeria Tony Elumelu said during the first session of the Africa 2017 Forum that kicked off Thursday, featuring the Young Entrepreneurs Day. “I want to leave this forum knowing that there is no greater time to invest in Africa,” Elumelu said opening […]
The Business Council for International Understanding (BCIU), a non-profit U.S business association dedicated to forging relationships and promoting dialogue between business and government communities across the globe, has honoured both Tony O. Elumelu, chairman of United Bank for Africa Group and J.W. “Bill” Marriott, Jr., Executive Chairman, Marriott International, Inc. with the prestigious Dwight D. […]
Tony Elumelu, Chairman of Heirs Holdings, has called for the restructuring of government regulations and taxation to support business growth in Nigeria. He made the call at the Lagos Business School Alumni Association 2017 Conference, held on Thursday, November 16, 2017 Elumelu, who was guest speaker at the occasion, spoke on the conference theme: The […]
Investigations into how well some of Nigerian Bank directors believe in their organization has revealed that quite a number of them have surprisingly low stakes in the banks they head, leaving investors to wonder how ready, they truly are in improving the fortunes of these organizations. In analyzing the financial positions of six of Nigeria’s […]
Following the August 14 unprecedented disaster, Tony Elumelu, Founder of Tony Elumelu Foundation and Chairman of United Bank for Africa (UBA), yesterday, Wednesday 23 August, paid a state visit to the people and Government of Sierra Leone to commiserate over the great loss caused by devastating mudslides and floods that have claimed hundreds of innocent […]
In recognition of the growing concerns around human trafficking in Africa, The Tony Elumelu Foundation (TEF), an African founded and funded 21st century philanthropic organization committed to youth empowerment and entrepreneurship development, hosted the Director General of Nigeria’s National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Julie Okah-Donli. According to Okah-Donli, UNESCO ranks […]