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 […]
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 […]
Fire Incident at our Neighbour’s Building, Adjoining our Head Office
On Saturday 26th October 2019 there was a fire incident at the building next to our Headquarters located at 38 Glover Road, Ikoyi Lagos. We had limited damage to the adjoining parts of the building but there was no loss of vital documents. Equally, no injury was sustained by any personnel on ground. The Lagos […]
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 signs MOU agreement with Engie for Development of Mini Grids in Nigeria
Recently, Transcorp and Engie entered into a strategic alliance for the development of solar mini grids in Nigeria. Currently, 45% of the Nigerian population have limited or no access to the national grid. The mini grids on the other hand, with a capacity of 3,000MW and annual revenue opportunity of about US$3Billion, have a huge […]
Transcorp Hotels Fulfils Post-Privatisation Obligations
The National Council on Privatisation (NCP) at its meeting today, presented Transcorp Hotels Plc with a Certificate of Discharge, indicating the company has fulfilled all privatisation conditions attached to the sale of the hotel and will no longer be subject to any post-privatisation monitoring. At a ceremony that took place at the Presidential Villa, the […]
Transcorp Hotels Plc Retains Positive A- (NG) GCR Rating
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owner of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, has retained its national scale ratings at A-(NG) and A2(NG) in the long term and short term respectively, with the outlook accorded as Stable. Concurrently, the national scale ratings accorded […]
Transcript: Tony Elumelu’s Opening Remarks at the JETRO Japan Africa Business Forum
The Chairman of Transcorp, Tony O. Elumelu’s Opening Remarks at the JETRO Japan Africa Business Forum in Yokohama, Japan Good afternoon all, First, I must thank Chairman Nobuhiko Sasaki of the Japan External Trade Organization (JETRO) for organising this important event, and I specially commend his team for all the effort put into a seamless […]