Press Releases


UBA Group Appoints Tony O. Elumelu as Chairman

August 25, 2014
The Board of United Bank for Africa Plc (UBA) today announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi.

Africa Is Open for Business, Ready for Investment

August 1, 2014
The U.S.-Africa Leaders Summit in Washington next week should be about much more than aid The three-day U.S.-Africa Leaders Summit being convened by President Obama in Washington next week could be a defining moment for the African continent as it emerges on the world stage.

Transcorp, NNPC sign production sharing contract on Opl 281

May 5, 2014
May 3, 2014, Lagos, Nigeria. In a major boost to its vision of creating a leading energy platform, Transnational Corporation of Nigeria Plc (Transcorp), [TRANSCOR:NL], is pleased to announce that it has signed a Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) for the development of its oil block OPL 281.


April 15, 2014
    PRESS RELEASE   TRANSCORP ANNOUNCES GROUP PROFIT BEFORE TAX OF N3.77BN FOR THE THREE-MONTHS ENDED MARCH 31, 2014. Lagos, Nigeria – April 14, 2014 - Transnational Corporation of Nigeria Plc (“Transcorp”) has announced the results of its first quarter 2014 operations.
Tony Elumelu giving his Keynote address at the UN GA 1

Tony Elumelu addresses the UN General Assembly

April 10, 2014
NEW YORK, 9 April – On Wednesday, April 9, the UN General Assembly and Economic and Social Council (ECOSOC) hosted the opening session of the 2014 Forum on Partnerships, entitled “The Role of Partnerships in the Implementation of the Post-2015 Development Agenda.” The event was attended by the UN Secretary General and the Presidents of the General Assembly and ECOSOC as well as all 193 representatives to the UN General Assembly.

Testimony of Tony O. Elumelu: “Powering Africa’s Future – Examining the Power Africa Initiative”

March 28, 2014
London — Testimony of Tony O. Elumelu, Chairman of Heirs Holdings and the Tony Elumelu Foundation “Powering Africa’s Future – Examining the Power Africa Initiative” U.S.
Aurore Mimosa Munyangaju, Trading Manager, EAX

East Africa Exchange introduces electronic trading platform to Kenyan grain traders

February 13, 2014
Aurore Mimosa Munyangaju, Trading Manager, EAX Nairobi, Kenya, 13 February – East Africa Exchange in partnership with the Eastern Africa Grain Council hosted a stakeholder engagement meeting entitled “Building Trade” in Nairobi, Kenya on Thursday, 13th February 2014, that took place at the Stanley Sarova Hotel at 8:00a.m.

Transcorp, GE partner to improve power generation in Nigeria

January 31, 2014
Lagos, 30 January 2014 – Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s Ughelli power plant by 1000MW over the next 3 to 5 years.

Heirs Holdings invests in Planet Labs revolutionary satellite technology

January 27, 2014
Heirs Holdings is the only African investor in the US start-up Planet Labs’ innovative satellite manufacturing technology.

New UBA Chairman appointment highlights dynamic growth in African markets

January 2, 2014
Lagos, 18 December 2013 – United Bank for Africa (UBA), the pan-African financial services group in which investment company Heirs Holdings has a strategic interest, has announced the appointment of a new board chairman, Ambassador Joe Keshi.