Transcorp Acquires Afam Power – Deal Will Increase Access to Electricity in Nigeria
Transcorp Consortium is pleased to announce the 100% acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast Power Limited (jointly referred to as “Afam GenCo”), at an acquisition cost of N105.3bn. The announcement was made at the State House, Abuja on Thursday, November 5, 2020, during the signing ceremony between the […]
Tony Elumelu Named in “TIME 100” List of the 100 Most Influential People in the World 2020
TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr Elumelu, who is one of only […]
Owen Omogiafo Receives Top CEO Recognition at the BusinessDay-Nigerian Stock Exchange Awards
The President/CEO of Transcorp Owen Omogiafo has been recognized as a Top CEO at the 6th Business Day- Nigerian Stock Exchange Top CEOs Award 2020 This category recognizes CEOs of listed companies who through sound strategy, disciplined execution, world-class governance, and a customer-first ethos have delivered competitive shareholder value on the Nigerian Stock Exchange.
Transcorp Hilton Abuja wins Trip Advisor Awards
Tripadvisor, the world’s largest online platform recognized Transcorp Hilton Abuja and its restaurant, Bukka, as winners in the 18th annual Travelers’ Choice Awards. This coveted award program celebrates travellers’ favourite hotels, restaurants and airlines around the world, honouring 4,817 unique businesses this year. Winners are calculated based on the quality and quantity of the millions […]
Transcorp Announces the Appointment of Mrs. Foluke Abdulrazaq as Board Vice Chairman
Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading listed conglomerate, owner of Transcorp Power Plc., one of Nigeria’s largest power producers and the iconic Transcorp Hilton in Abuja, has announced the appointment of Mrs. Foluke K. Abdulrazaq to its Board of Directors, as Vice Chairman, effective Friday, 5th of June 2020. Mrs Abdurazaq brings considerable […]
Transcorp Group CEO, Owen Omogiafo Unveils New Strategic Vision for Nigeria’s Largest Listed Conglomerate at Company’s AGM
Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have congratulated the Board and management for the resilient performance achieved in 2019, despite the challenging environment. They welcomed the diversified earnings provided by the Group, Nigeria’s leading listed conglomerate, the largest power generator in Nigeria, operator of sub-Saharan Africa’s largest hotel and a growing natural resources […]
14th Annual General Meeting Notice
Notice of AGM 3rd april
Transcorp Group’s Response Covid-19
Transcorp Achieves N7.9bn Profit in 2019 Audited Results
Lagos- Nigeria March 5, 2020 Transnational Corporation of Nigeria Plc (“Transcorp”) has announced the release of its audited financial statements for the year ended December 31, 2019. The Group achieved turnover of ₦76.35bn, profit before tax of N7.90bn and profit after tax of ₦3.71bn. Transcorp’s hospitality business, Transcorp Hotels Plc, grew year-on-year revenue by 17% […]
Transcorp Group Announces Significant New Executive and Non-Executive Board Appointments
February 10, 2020, Lagos, Nigeria – Transnational Corporation of Nigeria Plc (Transcorp) has announced significant appointments to its Board and Executive Management. Transcorp is Nigeria’s leading listed industrial holding company, whose interests include Transcorp Power, Nigeria’s largest power generator, Transcorp Hotels, owner of the iconic Transcorp Hilton, and significant upstream oil and gas assets. Owen […]