The founder of Heirs Energies, Mr. Tony Elumelu has harped on the need for Nigeria to increase its oil production to generate revenue for economic diversification. At the Heirs Energies leadership forum in Abuja, Elumelu stated the importance of investing in the oil and gas sector to support industrial growth and ensure energy security. ‘We cannot industrialise Africa, especially Nigeria, …

President Bola Tinubu said that his administration is committed to advancing the cause of Nigerian women and empowering them towards gender equity. The President reaffirmed his commitment when he spoke on Tuesday evening at the Empower-Her fund-raising dinner of the Ministry of Women Affairs at the State House Conference Centre, Abuja. The event is themed ‘Nigeria for Women Farming, Health, …

As part of the drive toward eradicating malaria in Nigeria, the Federal Government has enlisted the support of prominent business leaders led by the Chairman of Dangote Group, Aliko Dangote, alongside the Chairman of Heirs Holdings, Tony Elumelu, and the Chairman of Geregu Power Plc, Femi Otedola, to lead the charge against the disease. Other members of the Council tasked …

Nigerian businessman, Tony Elumelu, has said the government and security agents in Nigeria should be able to tell Nigerians who steal the country’s crude oil, especially using vessels that move through the territorial waters. Elumelu stated this in an interview published by the Financial Times on Friday. The businessman, who said he dreaded oil theft, said the menace contributed to …

Chairman, board of directors of Transnational Corporation Plc, Mr Tony Elumelu has urged the federal government to expedite action in the payment of the over N2 trillion owed to power generation companies (GenCos) by the Nigerian Bulk Electricity Trading Plc (NBET) to sustain the reliable flow of electricity from the GenCos. He said the distortion in the liquidity flow in …

Billionaire banker and philanthropist, Tony Elumelu, says he is evaluating the viability of owning a Nigerian Premier Football League club as part of his Corporate Social Responsibility. Elumelu made this known on Monday via his X handle after reacting to a post from another user Adebayo Mustapha, who suggested that the President and Ministry of Sports should woo top companies …

In the summer of 2020, I wrote an article, Tony Elumelu: God’s Gift to Africa, which was later published as a chapter in my book, My Lockdown Diary: Reflections on Nigeria and Covid-19 Pandemic. At the time, the Tony Elumelu Foundation (TEF) marked its 10th anniversary and admitted its 6th cohort in the TEF Entrepreneurship Programme. Elumelu is the Chairman …

Infinite Universe is an emerging scientific term that has been used to describe the limitlessness of space and what has also been found to be its continuous expansion. As the size, shape, form, and limits (or lack thereof) have continued to confound scientists even with the increased sophistication of telescopic technology, so has the investments universe been awed by the unlimited …

President Bola Tinubu has created an economic advisory committee comprising the federal government, sub-nationals and the private sector. This resulted from talks between the President and key stakeholders at the State House, Abuja, on Sunday evening. The development came as the falling naira exchange rate, rising inflation and other economic headwinds have continued to worsen the cost of living crisis. …

The Minister of Works, Senator David Umahi, yesterday met behind closed doors with prominent members of Nigeria’s business community to deliberate on new strategies of engaging the private sector in providing financing for the nation’s road infrastructure. The meeting, which was part of a series of consultations over the involvement of the private sector in infrastructural development, was held at …