Popular Nigerian billionaire Femi Otedola has sold his 6.3% stake in Transnational Corporation Plc (Transcorp) to its chairman, Tony Elumelu. The group chairman of Transcorp, Elumelu, purchased ...

The Federal Government owes Transcorp Power up to N650bn for its generated power. The company decried the liquidity challenges facing the power sector, saying this has been affecting operations. The ...

Transcorp Power Limited has consolidated its position in Nigeria’s Power sector as it acquired a 60 per cent stake in Abuja Electricity Distribution Company (AEDC). Following the acquisition, ...

Transcorp Power has announced plans to increase its contribution to Nigeria’s total power generation to 25 per cent as part of an ambitious expansion drive. The announcement was made by the company’s ...

Indigenous conglomerate, Transnational Corporation Plc, has reported that its revenue for the half year of 2023 grew by 31 per cent and that it achieved commendable growth across major indices. In a ...

LAGOS, Aug 6 (Reuters) - Nigerian company Transcorp said on Monday investors bought only 36.2 percent of its initial public offer (IPO), dealing a new blow to a group that has generated controversy ...

Barely 10 years after privatisation, Transcorp Power Limited, TPL, a single cycle 972MW installed capacity power generating plant, has generated over 29,574,447MWh, 29TWh, of energy to the national ...

Transcorp Hotels Plc , the listed hospitality subsidiary of Transnational Corporation Plc has recorded a 36 per cent year-on-year growth in revenue to N41.5 billion in 2023 from N30.4 billion in 2022.

Otedola, in April, created a major upset in the business world when he bought 2.24 billion shares of Transnational Corporation of Nigeria (Transcorp) worth about ₦5 billion. Otedola, in April, created ...

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reinforced its leadership in African luxury hospitality with an exceptional triple win at the globally renowned ...

Transcorp Hotels’ energy cost has surged by 95.88 per cent from N2.43bn in 2023 to N4.76bn in 2024, according to the company’s 2024 annual report and financial statements. This rise in energy expenses ...