Press Releases

United capital

United Capital Plc Reports First Quarter PBT Growth by 44%

April 17, 2015
Emmanuel Nnorom (Board Member), Oluwatoyin Sanni (Group CEO) and Chika Mordi (Chairman) at the United Capital Plc Annual General Meeting in Lagos on Thursday.
TEEP 1000 Announcement

Tony Elumelu Foundation Entrepreneurship Programme Selects Inaugural 1,000 African Entrepreneurs

March 24, 2015
Lagos, Nigeria – The Tony Elumelu Foundation (TEF) is pleased to announce the selection of the first 1000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP).

The Tony Elumelu Foundation Announces New Chief Executive Pioneer CEO, Wiebe Boer becomes Director of Strategy at Heirs Holdings

February 16, 2015
Lagos, Nigeria, 16 February 2015 – The board of Trustees of the Tony Elumelu Foundation announces the appointment of Professor Reid E.

The $100 Million Tony Elumelu Foundation Entrepreneurship Programme Opens on January 1, 2015

December 31, 2014
Lagos, Nigeria, January 1st 2015 – The $100 Million Tony Elumelu Foundation Entrepreneurship Programme – an annual programme of training, funding and mentoring, designed to empower the next generation of African entrepreneurs – is now open for entries through its application portal The flagship entrepreneurship programme from the Tony Elumelu Foundation opens its application portal for entries at 12:01am WAT on January 1st 2015 and will continue to accept applications until midnight WAT on March 1st 2015.

Transcorp Emerges Most Compliant Company on NSE

December 22, 2014
Transnational Corporation of Nigeria (Transcorp) has emerged the most compliant firm among the companies listed on the Nigerian Stock Exchange (NSE). 
General Electric and Heirs Holdings Partnership

GE and Heirs Holdings Partner to expand footprint in the Oil And Gas Services Sector

December 8, 2014
Lagos, Nigeria, 2 December 2014 — General Electric (GE) and Heirs Holdings (HH) have agreed to expand their existing relationship to jointly pursue opportunities in Nigeria’s Oil and Gas industry.

The Tony Elumelu Foundation Entrepreneurship Programme Launched $100m programme to empower next generation of African entrepreneurs 

December 1, 2014
Lagos, Nigeria, 1 December 2014 – The Tony Elumelu Foundation has announced the launch of a $100m Pan-African entrepreneurship initiative – The Tony Elumelu Foundation Entrepreneurship Programme – a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.

Tony O. Elumelu Launches Empowerment Fund to Revitalise Distressed Communities across Nigeria

October 16, 2014
Abuja, Nigeria October 16 2014 – Tony O. Elumelu Founder of The Tony Elumelu Foundation and Chairman of Heirs Holdings has announced the launch of The Elumelu Nigeria Empowerment Fund.
ExxonMobil Nigeria and Tenoil Petroleum Commence Ata Field Drilling

ExxonMobil Nigeria and Tenoil Petroleum Commence Ata Field Drilling

October 3, 2014
Lagos, Nigeria, 8 October 2014 — Tenoil Petroleum & Energy Services (Tenoil), a subsidiary of Heirs Holdings, is pleased to announce that it has reached an agreement with Mobil Producing Nigeria Unlimited (MPN), an ExxonMobil subsidiary, for the drilling of an appraisal well on the Ata Field.
Seadrill and Heirs Holdings partnership

Seadrill and Heirs Holdings Launch New Deep Water Drill for Total

September 30, 2014
GEOJE, SOUTH KOREA, 26 September — On Friday, Tony O. Elumelu, Chairman of Heirs Holdings, an African investment company, commissioned the sail away of Seadrill Nigeria Limited’s sixth-generation drill ship, the West Jupiter.