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 […]
Transcorp Hilton Abuja Wins World Travels Awards for a Second Time
Transcorp Hilton Abuja, for the second consecutive year, has been honoured with the prestigious award of Nigeria’s Leading Hotel 2014 and Nigeria’s Leading MICE Hotel 2014 awarded by the World Travel Awards. In hospitality parlance, MICE stands for Meetings, Incentives, Conventions and Exhibitions. Transcorp Hilton Hotel is owned by Transcorp Hotels Plc, the hospitality subsidiary […]
Transcorp Announces Group Operating Profit of N12.4bn for the Nine Months Ended September 30, 2014.
Lagos, Nigeria – October 28, 2014 – Transnational Corporation of Nigeria Plc (Transcorp) continued on an impressive growth trajectory for its FY 2014 following the announcement of its Group Profit Before Tax (“PBT”) of N9.7bn for the nine months ended September 30, 2014, an 89% year on year (yoy) increase from September 2013. Highlights of the […]
Transcorp Hotels Plc and Hilton Worldwide Continue To Expand In Nigeria with the Signing of Transcorp Hilton Port-Harcourt
Orlando, Florida, USA – 14 October 2014 – Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc, today signed an agreement with Hilton Worldwide, to develop a 250 guestroom Hilton Hotels & Resorts-branded property in Nigeria’s garden city, Port Harco ur t. Transcorp Hilton Port Harcourt will be situated at Evo Road […]
Why Transcorp Hotels IPO is a Good Deal
I am delighted to inform you that the initial public offer (“IPO” or “the Offer”) of 800,000,000 ordinary shares of Transcorp Hotels Plc (“Transcorp Hotels”) opened today and the shares are now available to the investing for subscription. Transcorp Hotels, the owner of the Transcorp Hilton in Abuja; Transcorp Hotels Calabar; and the developer of […]
Transcorp Takes Over Ughelli Power Plant
Transcorp Ughelli Power Limited (TUPL), a subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) today officially took physical ownership of Ughelli Power Plc, the owner and operator of the 1000MW capacity Ughelli Power Plant following a handover ceremony hosted by the Nigerian Federal Government. The ceremony was held at the plant located in Ughelli, Delta […]
Transcorp Announces Profit before Tax of N5.1bn for the Nine Month Period ended September 30, 2013
Transnational Corporation of Nigeria Plc (Transcorp) has announced an impressive Profit Before Tax (“PBT”) of N5.1bn for the third quarter ended September 30, 2013, which represents 130% of its full-year 2012 PBT. Commenting on the results, the President and Chief Executive Officer; Transcorp, Mr. Obinna Ufudo said: We are pleased to present our third quarter […]