Heirs Holdings announced Friday the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings and Transcorp), from the Shell Petroleum Development…
Transcorp acquires Afam Power at N105.3bn
Transcorp Consortium has acquired Afam Power Plc and Afam Three Fast Power Limited (jointly referred to as “Afam GenCo”). According to a statement by the corporation, the acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast…
Shareholders commend Transcorp Board and Management at online 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…
Transcorp announces new Board and Executive Management appointments
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…
Transcorp records N6.7bn Profit After Tax in Q3, maintains a positive revenue outlook
Transnational Corporation of Nigeria Plc (Transcorp) Tuesday announced its financial results for the third quarter ended 30 September 2019. According to a statement by Transcorp, highlights of the result show the Group recorded a Gross revenue of N58.28bn and posted…
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…
Shareholders impressed by Transcorp Plc’s outstanding results
Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have commended the Board and Management of the company for their remarkable achievements demonstrated in the company’s record-setting financial performance in 2018. Speaking at the company’s 13th Annual General Meeting, which was…
Transcorp Hotels appoints Owen Omogiafo MD/CEO, elevates Valentine Ozigbo to President/CEO
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owners of the award-winning Transcorp Hilton Abuja and the iconic Transcorp Hotels Calabar, has appointed Owen Omogiafo Managing Director/Chief Executive Officer, while elevating Valentine Ozigbo. The…