Tony Elumelu gained an estimated N684.59 billion in the third quarter of 2026 from the appreciation in the market value of his holdings in Seplat Energy, United Bank for Africa (UBA) and Transnational Corporation Plc. The gain was driven by a sharp rally in Seplat, which reshaped the value of the Nigerian billionaire's listed investment portfolio. The details were reported by Nairametrics.
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