Economy

Tony Elumelu’s $802m Seplat windfall – and his bigger bet on Nigeria

A soaring stake in Seplat Energy has delivered a spectacular paper gain for companies controlled by the Nigerian. Elumelu believes the real prize is uniting Nigerian finance, oil and industry to transform the economy.

The Africa ReportBy Nicholas Norbrook23 October 2026 at 14:30 UTC · 17h ago

Tony Elumelu’s $802m Seplat windfall – and his bigger bet on Nigeria — AFBR headline illustration · not a photograph of the event

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Original headline: “Tony Elumelu’s $802m Seplat windfall – and his bigger bet on Nigeria”

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