Business Day: The Afam deal brings us closer to generating power for one out of every four Nigerians
Transcorp Records N6.7bn Profit After Tax in Q3; Maintains A Positive Revenue Outlook
October 29, 2019. Lagos, Nigeria. Transnational Corporation of Nigeria Plc (“Transcorp”) today announced its financial results for the third quarter ended 30 September 2019. Highlights of the result show the Group recorded a Gross revenue of N58.28bn and posted a Profit Before Tax (PBT) of N7.36bn for the period under review. Total Assets increased from […]
Transcorp’s President/ CEO Valentine Ozigbo discusses bid for Afam
Nigeria’s National Council on Privatisation has approved Transcorp Power Consortium as the preferred bidder for the 100 per cent acquisition of Afam Electricity Generation Company with a bid price of N105.3 billion. Our President and CEO, Valentine Ozigbo joins CNBC Africa to discuss this and the company’s future outlook.
Transcorp Consortium emerges As Preferred Bidder For Afam
The National Council on Privatisation approved Transcorp Consortium as the Preferred Bidder for the 100% acquisition of Afam GENCO (Afam Power Plc and Afam Three Fast Power Limited) with a bid price of N105.3bn. Afam GENCO has a total installed capacity of 966 megawatts generated from a natural gas-powered plant in Rivers State. With this […]
Transcorp Acquires Additional Prime Real Estate for Transcorp Hilton Ikoyi Hotel.
Transcorp Hotels Plc, last week Thursday, celebrated a landmark moment and a giant leap towards final completion of the proposed five star, Transcorp Hilton Ikoyi Hotel to be located on Glover Road, Ikoyi, Lagos. The audacious project required more land in order to construct the “Twin Tower”, multi-use structure that will feature the hotel as well as […]
Transnational Corporation Of Nigeria Sustains Momentum. Grows HY 2018 Profit After Tax by 161%
Nigeria’s leading and diversified investment conglomerate, Transnational Corporation of Nigeria Plc (“Transcorp”) has announced its Unaudited Financial Statements for the period ended June 30, 2018. The Group showed significant growth over same period last year recording a turnover of N54.09billion, Profit Before Tax of N11.94billion and Earnings Per Share of 11.60 Kobo. Sustaining the strong performance in Q1 […]
Transcorp Appoints Owen Omogiafo As Executive Director
Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerates, has appointed Mrs. Owen Omogiafo as an Executive Director with effect from July 1, 2018. She will in her new role support in driving and delivering on Transcorp’s strategic ambitions as the conglomerate continues to fulfil its special mission of lighting homes, schools, and […]
Board of Transcorp Appoints New President/CEO
Nigeria’s leading listed conglomerate, operating in the power, oil and gas, hospitality and agro-industry sectors, Transnational Corporation of Nigeria Plc, has named Adim Jibunoh as its new President/Chief Executive Officer. Mr. Jibunoh will succeed Emmanuel Nnorom, who has been appointed President of Heirs Holdings, the Lagos based pan-African investment firm. Mr Jibunoh, who is currently […]
Transcorp Plc Announces Group Profit before tax of N3.3bn for the year ended December 31st 2015
This Earnings Press Release should be read in conjunction with the full First Quarter ended March 31, 2016 Financial Statements. The Earnings Press Release is also available on our website at http://www.transcorpnigeria.com/investor-relations-2/. This analysis is dated April 29, 2016. Unless otherwise indicated, all amounts are expressed in Nigerian Naira, and have been primarily derived from […]
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 […]