Tycoon Tony Elumelu’s Heirs Energies sits on $186 million Seplat paper gain in under two months
Billionaires Africa | 21.02.2026 21:19
Heirs Energies, the oil exploration and production company controlled by Nigerian banker and economist Tony Elumelu, has made an estimated $186.6 million paper gain on its Seplat Energy stake in less than two months, based on Seplat’s share price rising to 420 pence from the 305 pence paid in the December transaction.
