AGS NEWS – Transcorp Hotels, led by Managing Director Dupe Olusola, is gearing up to unveil its 5,000-capacity event center in the latter half of this year. This announcement came alongside the release of the company’s 2023 results, filed with … Continue reading Transcorp Hotel announces launch of 5,000-capacity event centre
AGS NEWS – Transcorp Power Plc, the power generation subsidiary of Transnational Corporation of Nigeria (Transcorp), saw a 10% increase in its market value during its debut on the Lagos Stock Exchange on Monday. At the close of trading, the … Continue reading Transcorp Power’s market value soars to N1.98 trillion following Lagos listing
Transnational Corporation Plc (Transcorp), a prominent indigenous conglomerate with investments in power, hospitality, and oil sectors, has revealed significant growth in its H1 2023 financial results. According to its Unaudited Condensed Consolidated Financial Statements for the period ending June 30, … Continue reading Transcorp achieves 31% revenue growth, surpassing N82 billion mark
Billionaire businessman Femi Otedola has claimed that his offer to purchase Nigeria’s conglomerate Transcorp Corporation for N250 billion ($609 million) was rejected. Otedola had acquired Transcorp’s shares with the intention of increasing the company’s potential to at least N2 trillion … Continue reading Otedola revealed how his N250bn offer to purchase Transcorp was rejected
Tony Elumelu, a renowned Nigerian economist and the Chairman of Transcorp Power Limited, has revealed that the Ughelli power plant is entirely managed by Nigerians. Elumelu made the statement during the presentation of the discharge certificate of Ughelli power plant … Continue reading Transcorp power plant operated and managed solely by Nigerians – Tony Elumelu
Nigerian billionaire Femi Otedola has sold his 6.62% stake in Transcorp Corporation Plc, an indigenous conglomerate, just weeks after acquiring a substantial shareholding. The sale comes after negotiations with Tony Elumelu, Transcorp’s chairman, which were described as cordial and in … Continue reading Femi Otedola sells stake in Transcorp just weeks after acquiring shares
Tony Elumelu has acquired more shares in Transnational Corporation (Transcorp) at a cost of over N23 billion in response to Femi Otedola’s recent acquisition of 2.24 billion shares, which gave him a 5.52% stake in the company, thereby overtaking Elumelu’s … Continue reading Tony Elumelu acquires over N23bn shares to regain control of Transcorp Plc from Femi Otedola
Transcorp has announced that Nigerian businessman Femi Otedola has acquired a 5.5% interest in the company. The move, which sees Otedola acquire 2.2 billion shares, makes him the second-largest shareholder after UBA Nominees Limited. Transcorp’s businesses span energy, oil and … Continue reading Transcorp acknowledges Femi Otedola’s acquisition of a 5.5% stake in the company
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