Tony Elumelu's holdings in several companies saw significant appreciation in the third quarter of 2026. His stakes in Seplat Energy, United Bank for Africa, and Transnational Corporation Plc increased in value. A sharp rally in Seplat was a key factor in the growth of his portfolio's value.

The estimated gain from these holdings is N684.59 billion. This increase is attributed to the market value appreciation of his investments.

Further details on Tony Elumelu's portfolio and the factors contributing to its growth can be found through Nairametrics.