Tag: Nigeria Business Now

Tony Elumelu acquires 9.7 billion shares to become largest shareholder of Transcorp

Transnational Corporation Plc (Transcorp) has revealed that Tony Elumelu, the chairman of the company, has acquired fresh 9.7 billion shares in separate deals in recent days. The acquisition made him the biggest shareholder of the company, taking the prime spot from two previous owners. The conglomerate’s shares numbering 2.4 billion[Read More…]

NEC suspends fuel subsidy removal

The National Economic Council (NEC) on Thursday suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration to allow consultation with Tinubu. It however said all preparatory plans with various segment of government, including States and the incoming administration should be intensified. Minister[Read More…]

Jeremy Awori, CEO of Ecobank Group rings closing gong at the Nigerian Exchange (NGX)

(L-R) Bunmi Bajomo, Head, Group Corporate Bank, Ecobank Transnational Incorporated (ETI); Cecilia Akintomide, Chief Executive Advisor to the GCEO, ETI; Bolaji Lawal, Managing Director, Ecobank Nigeria; Jeremy Awori, Group Chief Executive Officer, ETI; Temi Popoola, CEO, Nigerian Exchange Limited (NGX); Bola Adesola, Chairman, Ecobank Nigeria; Caro Oyedeji, Deputy Managing Director,[Read More…]