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The move follows her involvement in a $1.8 billion oil project with Global Petroleum Group (GPG) to develop oil and gas resources in offshore blocks near Grenada.
The plant, slated to begin local production in the fourth quarter of this year, marks a significant step toward reducing Nigeria’s reliance on imported medicines.
She leads Still Earth Holdings, a Nigerian conglomerate with interests in construction, energy, finance, and hospitality, expanding across West Africa.
This recent surge in Awele Elumelu’s stake further solidifies her position as one of the top investors on the Nigerian Exchange.
With the acquisition of an additional 7.3 million shares in Transcorp in June, Awele Elumelu’s total holdings in the company now stand at an impressive 2,070,794,804 shares.
Since its inception in 2016, Shuttlers has raised a total of $5.6 million from institutional investors.
Olowe is a serial entrepreneur who recently graduated from UCLA.
