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Tag Archives: elumelu

Tinubu, Adenuga, Elumelu, others own 49 expired oil block licences — Investigation


Nigerian billionaires, international oil companies and other operators have been identified as owners of the 49 oil block  licences some of which expired since 2010. Nine Oil Mining Leases (six of which are currently producing) and 40 Oil Prospecting Licences, many of which were awarded during the administration of President Olusegun Obasanjo, had expired. OML 103, from which Conoil Producing ...

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Elumelu, Awosika lead most active bank chairmen on social media

The chairmen of United Bank for Africa (UBA) and First Bank of Nigeria are reversing the apathy that bank chairmen usually display towards social media platforms by actively engaging their community thereby enhancing their brand visibility even better than the chief executives of their organisations. Tony Elumelu who combines his role as chairman of UBA with chair of Heirs Holding ...

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UBA Rated High By FDA Report, Elumelu Excited

 United Bank for Africa  is doing well in terms of real growth,  a report by the Financial Derivatives Company indicated.Despite the macroeconomic headwinds hitting the country in the past two years, the United Bank for Africa increased its shareholders’ equity by an annual growth rate of 22 per cent between 2011 and 2015. The pan-African lender also recorded a compound ...

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UBA Provides N236.4 billion For NNPC/Chevron 36 New Oil Wells

The United Bank for Africa, UBA, has said  that it has signed a $1.2 billion oil financing agreement with the Nigerian National Petroleum Corporation, NNPC joint venture with Chevron Nigeria Limited, CNL, to fund the development of 36 new oil wells. The deal is expected to help significantly expand Nigeria’s oil production capacity, which currently stands at an average of ...

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UBA Chairman,Elumelu, Says..Technology Has Changed Banking Business

Tony Elumelu, UBA

The Chairman, United Bank for Africa Plc, Mr. Tony Elumelu, says development in financial technology is fast changing the game in the financial services industry in terms of lowering operating costs and enhancing broader customer reach. Elumelu, who made this observation at the bank’s Annual General Meeting held in Lagos, pointed out that the development was becoming a major factor ...

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UBA GMD/CEO : Oduoza Out, Uzoka In..Elumelu Rates Them

The Board of United Bank for Africa, UBA Plc, Monday,  approved the appointment of Kennedy Uzoka as the new Group Managing Director, with effect from August 1st, 2016 and subject to the approval of the Central Bank of Nigeria, CBN. Mr. Uzoka succeeds Phillips Oduoza, who retires on July 31, 2016, after two terms of leading the UBA Group. Kennedy ...

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Tony Elumelu Encourages Intimate Discussion For Leadership Strategies

The Tony Elumelu Foundation (TEF) – in conjunction with the Nigeria Leadership Initiative (NLI) — hosted an intimate discussion between select Associate Fellows of the NLI and Tony O. Elumelu, Chairman of Heirs Holdings and the United Bank for Africa (UBA). The talk, titled ‘Leadership for High Impact’ was designed to give NLI’s Associate Fellows access to the billionaire investor ...

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