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Wire · operational-macro

Africa could soon boast another billionaire as one of Nigeria's top investors sees his stake in ...

2 September 2026 · By · Wire by Fusion42

Published

2 September 2026

Topic

operational-macro

◆ Sectors

Energy

◆ Geography

Nigeria

◆ Source

Read at africa.businessinsider.com →

◆ Verified

Fusion42 · 2 September 2026 · Fusion42 review

Tony Elumelu, a top Nigerian investor, is nearing billionaire status again as his indirect stake in Seplat Energy Plc has risen to approximately $1.28 billion. He will also become chairman of Seplat in early 2027, increasing his influence in West Africa’s energy sector.

This Wire brief sits within Fusion42's coverage of Energy.

◆ ◆ The Wire takeaway

Your funding and partnerships in West African energy just got more competitive as Tony Elumelu’s return to billionaire status signals increased capital flow and leadership within Seplat. Energy startups should explore new collaborations while the sector attracts top-tier investor attention.

◆ Coverage

1 source · 2 Sep 2026

◆ Related on Wire

◆ Topics

Energyafricanigeriaenergybillionaireinvestment