Transcorp – InfoStride News

Transcorp’s Profit Soars to N94bn

Temitope Nlewemchi — Fri, 29 May 2026 01:35:11 +0000

Transnational Corporation Plc (Transcorp) has recorded a remarkable financial performance, posting a profit of N94 billion, a significant increase driven by strong revenue growth and strategic investments across its business segments. The company’s latest earnings report reflects its resilience in Nigeria’s challenging economic environment and its ability to capitalize on opportunities in the energy and [...]

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Transcorp Power rewards investors with ₦41.2bn dividend

Temitope Nlewemchi — Sat, 09 May 2026 14:24:44 +0000

Shareholders of Transcorp Power Plc have received a significant boost as the company declared a total dividend payout of ₦41.2 billion, rewarding investors for a strong financial performance and improved operational efficiency in the latest fiscal period. The dividend declaration reflects what the company describes as a period of sustained revenue growth, improved plant availability, [...]

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Transcorp Hits N2.97tn Market Cap, Plans Hotel Expansion

Temitope Nlewemchi — Thu, 24 Jul 2025 00:20:08 +0000

Transnational Corporation Plc (Transcorp) has reached a market capitalization of N2.97 trillion, marking a significant milestone for the conglomerate as it continues its growth trajectory across key sectors. The surge in market value reflects strong investor confidence in the company’s strategic direction, particularly in its power, hospitality, and energy businesses. Driven by positive earnings reports [...]

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Transcorp Power Plans to Boost Electricity Generation by 150MW

Temitope Nlewemchi — Thu, 31 Oct 2024 10:37:27 +0000

Transcorp Power Limited, a key player in Nigeria’s energy sector, has announced plans to increase its electricity generation capacity by an additional 150 megawatts (MW). This strategic initiative aims to enhance the company’s contribution to Nigeria’s energy needs and support the country’s ongoing efforts to improve power supply reliability. Understanding Transcorp Power’s Expansion Plans The [...]

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Transcorp power increases capacity to 590MWs, changes name

Temitope Nlewemchi — Mon, 25 Apr 2022 12:41:27 +0000

A subsidiary of Transnational Corporation PLC., Transcorp Power Limited is currently adding 590 megawatts (MWs) of electricity to the national grid. Speaking at the 2021 yearly general meeting, in Abuja yesterday, the Chairman of the group, Tony Elumelu, hinted that Transcorp Power increased its generating capacity from 390 MWs to 470 MWs in May 2021, [...]

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Financial stocks shoots NGX turnover by 67.1 %

Temitope Nlewemchi — Sun, 13 Mar 2022 01:03:19 +0000

At the close of last week’s transactions, the financial services industry led the activity chart with 1.120 billion shares valued at N10.9 billion traded in 13,514 deals; thus, contributing 67.13 per cent to the total equities turnover. The conglomerate industry followed with 242.945 million shares worth N395.2 million in 1,418 deals. The consumer goods industry [...]

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