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Tony Elumelu’s Bold Investment in UBA
This week, Nigerian business magnate Tony Elumelu made headlines with a remarkable investment: he acquired 1.27 billion shares of UBA Bank for a staggering ₦44 billion. What caught everyone’s attention was that this was a move made through his personal investment company, Heir Holdings. At first, many were skeptical. Why would Elumelu, the chairman of UBA, make such a massive investment...
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