Press Releases

Electrify Africa Bill

Tony Elumelu Applauds US Congress for the passage of the ‘Electrify Africa Act’

February 3, 2016
Leading investor and Chairman, Heirs Holdings, UBA Plc and founder of the Tony Elumelu Foundation, Tony O. Elumelu has applauded the U.S.

African Leaders Urge Passage of Electrify Africa Act

January 28, 2016
In the next week, the U.S. House of Representatives is expected to vote on the Electrify Africa Act, passed by the Senate under unanimous consent late last year.

Alleged Termination of Contract Between Afriland Properties Plc and Lagos State

August 20, 2015
The management of Afriland Properties Plc notes with concern, recent reports relating to its transaction to redesign and redevelop the iconic Falomo Shopping Centre in Lagos.

Implementation of Phase 1 of West African Capital Market Integration Programme Completed with Inaugural Trade between United Capital Securities (Nigeria) and CAL Brokers (Ghana)

July 29, 2015
Lagos, Nigeria, 28 July 2015 – The West African Capital Markets Integration Council (WACMIC) is pleased to announce the successful completion of its first direct trade between two West African countries under phase one of its integration programme to promote trade across member countries.

Teragro invests in extraction cup technology

July 19, 2015
Teragro Commodities Limited, the agribusiness subsidiary of Transnational Corporation of Nigeria (Transcorp) Plc,  has acquired and installed extraction cup technology, which enables the company to deliver superior quality juice concentrate that meet international quality standards.

United Capital Plc Reports Grows Gross Earnings by 22%/ N 2.750bn

July 16, 2015
Lagos, Nigeria, July 14th, 2015 – United Capital Plc, one of Nigeria’s leading investment banking and financial services firms, announces unaudited earnings growth of 22% for the half year ending 30th June 2015 from N 2.26 billion in 2014 to N 2.75 billion in 2015.

Lion’s Head and United Capital Asset Management Appointed Managers for the Africa Local Currency Bond Fund

July 16, 2015
Together as Fund Managers, Lion’s Head and United Capital will offer unrivaled experience in African debt capital markets with substantive coverage across the continent.  

Tony Elumelu Foundation Hosts Historic Bootcamp For 1,000 Emerging African Entrepreneurs From 51 African Countries in Ota, Nigeria

July 13, 2015
LAGOS, NIGERIA As part of Tony Elumelu’s $100 million commitment to empowering African entrepreneurs, 1,000 Tony Elumelu Entrepreneurs, representing 51 African countries from the Tony Elumelu Entrepreneurship Programme (TEEP) Class of 2015, converged near Lagos, Nigeria for an intensive two-day boot camp session, an unprecedented gathering of emerging African entrepreneurs, from 10-12 July, 2015.

Elumelu Calls For An End To Energy Poverty

June 30, 2015
Abidjan, Cote d’Ivoire, 30 June 2015 — “Providing access to electricity for schools, hospitals, businesses and industries is the single most impactful intervention that can be made to transform the continent.

Transcorp Ughelli Power Releases 2014 Annual Report, Holds 2nd Annual General Meeting

June 18, 2015
Lagos, Nigeria, 16 June 2015 — Transcorp Ughelli Power Limited (TUPL), the power generation and investment subsidiary of Nigerian conglomerate Transcorp Plc, today released its 2014 Annual Report and held its 2nd Annual General Meeting of shareholders.