The State of Power in Nigeria
Nigeria, the most populous nation in Africa, has long struggled with electricity supply challenges, including frequent power outages, inadequate infrastructure, insufficient investment, energy theft, and inefficient distribution networks. More recently, the country has been plagued with incessant national grid collapse (105 in the last nine years) leading to blackouts across the nation. Despite these setbacks, […]
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 […]
Transcorp Group’s Response Covid-19
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 […]
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 […]
Tony Elumelu at the post-privatisation Discharge Ceremony of Transcorp Hilton Abuja
Tony Elumelu at the post-privatisation Discharge Ceremony of Transcorp Hilton Abuja
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 […]