Transcorp Power Plc Lists N10 Billion On The NSE and FMDQ
Transcorp Hotels Plc – the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp Plc) – today announced the listing of its Series 1 N10billion naira bond on the Nigerian Stock Exchange (NSE) and FMDQ OTC Securities Exchange. The company successfully closed its Series 1 & 2 bonds at the last quarter of 2015 and […]
Transcorp Ughelli Power Limited Becomes Transcorp Power Plc.
Today, Transnational Corporation of Nigeria Plc (Transcorp) today announced the successful merger of its two power subsidiaries Transcorp Ughelli Power Ltd and Ughelli Power Plc. The merged companies are now a single entity called Transcorp Power Plc. This is a significant milestone in the corporate history of Transcorp. The merger was designed to harmonize the management […]
Transcorp Continues on Track of Profitability Announces Before Tax Profit of N7.2billion
Transnational Corporation of Nigeria Plc (Transcorp) announced its Unaudited Nine Months Financial Results. The Group posted a profit before tax of N7.2 billion for the period under review. HIGHLIGHTS OF THE RESULT: Income Statement Gross Earnings (Group): N30.43 billion; compared to 2014Q3 results of N31.40bn; Gross Earnings (Company): N2.27 billion, compared to N1.12 billion in […]
Transcorp Plc Chairman’s Remarks at AfDB Power Conference
It’s an honour for me to be here today for the first high-level gathering under President Adesina’s leadership. When I heard him give his inaugural address a few weeks ago, during which he stated that expanding access to electric power to millions of Africans was one of the cornerstones of his first term, I was […]
Transcorp Plc Agribusiness Arm Partners With Coca-Cola on New Five Alive Pulpy Orange Juice
The Coca-Cola Company today launched a new line of fruit juice made from concentrate: Five Alive Pulpy Orange, and announced Teragro, agribusiness subsidiary of Nigerian conglomerate Transnational Corporation of Nigeria Plc (Transcorp) as the sole local-concentrate sourcing partner for the product. Transcorp agribusiness subsidiary Teragro Commodities Limited produces orange, mango and pineapple concentrates for industrial markets. Teragro […]
Transcorp Hilton Abuja Honoured at World Travel Awards 2015
Transcorp Hilton Abuja has been honoured with an unprecedented five awards by the voters of the 22nd World Travel Awards. The hotel, which is owned by Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc, emerged winner of the prestigious World Travel Awards for Africa’s Leading Business Hotel, Nigeria’s Leading Business Hotel, […]
Transcorp Ughelli Power Releases 2014 Annual Report, Holds 2nd Annual General Meeting
CEO Adeoye Fadeyibi Letter to Shareholders: “We are strengthening our part of Nigeria’s energy chain.” Lagos, Nigeria, 16 June 2015 — Transcorp Ughelli Power Limited (TUPL), the power generation and investment subsidiary of Nigerian conglomerate Transcorp Plc, today released its 2014 Annual Report and held its 2nd Annual General Meeting of shareholders. The Report details outstanding […]
Transcorp Plc Holds AGM, Announces Dividend
Transnational Corporation of Nigeria Plc (Transcorp) held its Ninth Annual General Meeting at the Congress Hall of the Transcorp Hilton Abuja. Shareholders approved the annual account and the re-appointment of retiring Board Members. In his address, Chairman of the Board of Directors Tony O. Elumelu, CON, highlighted the operational excellence that has guided Transcorp’s turnaround […]
Transcorp Announces Q1 Group Profit Before Tax of N2.57bn
Transnational Corporation of Nigeria Plc (“Transcorp”) today announced financial results for its first quarter ended 31 March 2015. The Group posted a Profit Before Tax (“PBT”) of N2.57bn for the period. The results show: Revenue for the Group stood at N9.92 billion which represents a slight drop of 5% from Q1 2014 results of N10.54 […]
Transcorp Emerges Most Compliant Company on NSE
Transnational Corporation of Nigeria (Transcorp) has emerged as the most compliant firm among the companies listed on the Nigerian Stock Exchange (NSE). The Most Compliant Listed Firm award is given by the NSE to the company that demonstrates the highest degree of compliance with the rules and regulations regarding disclosure obligations of listed companies to the exchange in a […]