• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Nigeria’s economy on track, says Tony Elumelu

Damilare Famuyiwa by Damilare Famuyiwa
October 24, 2018
in Business News, Politics
UBA H1 Year 2019 Tony Elumelu, United Bank for Africa
Share on FacebookShare on TwitterShare on Linkedin

The Group Chairman of Heirs Holdings, an African proprietary investment company, Tony Elumelu has expressed his conviction that Nigeria’s economic managers have finally gotten a grip of the country’s economy.

While describing 2016 as a terrible year for the economy, Elumelu said things are changing in the country’s economy.

“The truth is that in 2016, we had a bit of challenge with capital control, but in 2018, we don’t have such any more. Access to the dollar is now easy. I speak as someone who invests significantly in Nigeria.” – Elumelu

In an interview CNN, Elumelu stressed that as an investor in several sectors of the Nigerian economy, he sees improvement and remains optimistic about the future.

RelatedStories

Meet the owners of the 15 most expensive hotels in Nigeria

Meet the owners of the 15 most expensive hotels in Nigeria

June 29, 2025
Tony Elumelu, UBA, CBN, Naira

Heirs Holdings buys 45 million units of UBA shares worth N1.54 billion

May 29, 2025

Elumelu also disclosed that his company is about to seal a $2.5 billion oil asset acquisition deal in Nigeria.

“Our group is in the process of closing a $2.5 billion oil asset acquisition in the country. We are doing this as a demonstration of confidence in the economy. If the economy was not good or improving, we would not be contemplating that.”

Elumelu further expressed his excitement about the country’s oil and gas industry, likewise the banking and power sector. Emphasising on power, He said power is important for him because Nigeria and the African continent need power in order to develop.

“Our group is the largest generator of electricity in Nigeria. But we can do more. We just need the debt we are owed in that sector. So, If I was to complain, I would complain about the debts owed us as power operator.

“In other sectors, I think things are improving. I think the CBN particularly has gotten the grip on the economy and a lot of windows and markets have been created for investors who want to bring in money into Nigeria and those who want to take out money from the country”, Elumelu added.


Follow us for Breaking News and Market Intelligence.
Tags: Heirs HoldingsTony Elumelu
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

Meet the owners of the 15 most expensive hotels in Nigeria
Exclusives

Meet the owners of the 15 most expensive hotels in Nigeria

June 29, 2025
Tony Elumelu, UBA, CBN, Naira
Breaking News

Heirs Holdings buys 45 million units of UBA shares worth N1.54 billion

May 29, 2025
Africa’s millionaire population to reach 195,000 by 2032
Opinions

Africa Day 2025: Igniting the Continent’s promise on the global stage

May 25, 2025
UBA’s Tony Elumelu: Africa’s Entrepreneur-in-Chief 
Companies

UBA’s Tony Elumelu: Africa’s Entrepreneur-in-Chief 

May 16, 2025
In testament to his Impact on the Continent, Gabonese President honours Tony Elumelu for championing African development
Companies

In testament to his Impact on the Continent, Gabonese President honours Tony Elumelu for championing African development

May 6, 2025
UBA to complete CBN’s N500 billion capital requirement in Q3 2025 amid business expansion plans – Tony Elumelu 
Companies

UBA to complete CBN’s N500 billion capital requirement in Q3 2025 amid business expansion plans – Tony Elumelu 

April 26, 2025
Next Post
Zainab Ahmed, Pres. Buhari to review Finance Bill, tax reform yearly to finance budget , FG to raise $219 million from sales of power firms

FG not planning to limit childbirth despite population explosion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • FG treats 30 million Nigerians with ivermectin in major push against tropical diseases 
  • World Bank disburses N3.8 billion to boost climate adaptation in Yobe communities 
  • NCC vs MTN: AGF to decide on criminal charges facing CEO Karl Toriola 

Follow us on social media:

Recent News

FG treats 30 million Nigerians with ivermectin in major push against tropical diseases 

FG treats 30 million Nigerians with ivermectin in major push against tropical diseases 

July 2, 2025
World Bank disburses N3.8 billion to boost climate adaptation in Yobe communities 

World Bank disburses N3.8 billion to boost climate adaptation in Yobe communities 

July 2, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics