29 results
- 6 Nov 2020
FG Sells Afam Power Plants to Transcorp
Vice President Yemi Osinbajo has said that Transcorp Consortium has acquired Afam Power Plc and Afam Three Fast Power Limited and has committed to investing $350 million (N133.9 billion) in five…
- 20 Aug 2024
Transcorp Power Plc Taps Christopher Ezeafulukwe As Non-Executive Director
Transcorp Power Plc has notified the investing public of significant changes to its Board of Directors. Mr. Christopher Ezeafulukwe has been appointed as a Non-Executive Director. This appointment…
- 26 Jan 2025
Nigerian Stock Market Closes on Positive Note Driven by MTN Nigeria and Transcorp Power
Nigerian stock market closed last week on a positive note, driven by high demand for MTN Nigeria shares following the Nigeria Communications Commission, NCC’s approval of a 50.0% tariff hike for…
- 8 Jun 2020
Transcorp Taps Mrs. Foluke Abdulrazaq as Board Vice Chairman
Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading listed conglomerate, owner of Transcorp Power Limited, one of Nigeria’s largest power producers and the iconic Transcorp Hilton…
- 31 Jul 2023
Transcorp Delivers Strong Performance as H1 2023 Financials Show Sustained Growth
Transnational Corporation Plc (Transcorp Group), Nigeria’s conglomerate with investments in Power, Hospitality and Energy sectors has announced reported its financial results for the first half of…
- 26 Apr 2021
Transcorp Makes New Appointments, Announces New Subsidiary CEOs
Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate a leading investor in the Nigerian energy sector, through the ownership of Transcorp Power Ltd,…
- 15 Apr 2014
Transcorp Posts 187% Increase in Group PBT
Transnational Corporation of Nigeria Plc (“Transcorp”) has announced the results of its first quarter 2014 operations. Group Profit Before Tax (“PBT”) stood at N3.77bn for the first quarter ended…
- 17 Jan 2021
Heirs Holdings Acquires 45% Per Cent of OML 17 from Shell, Total and ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed…
- 5 May 2022
Transcorp Plc Delivers Solid Q1 Performance as Profit Leaps by 147 Per Cent
Transnational Corporation Plc, (Transcorp Group), firing on all cylinders, has reported significant and impressive returns in all its major financial indices for the first quarter ended March 31,…
- 27 Aug 2013
Heirs Holdings Completes $300m Investment Ughelli Power Plant
President Barack Obama’s $7 billion US-backed Power Africa initiative has received a major shot in the arm with the announcement that full financing has been completed for the $300 million Ughelli…
- 30 Jun 2021
Transcorp Energy Presents Alternative Energy Solution to Nigeria
Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, has presented an alternative energy solution to Nigeria as part of its integrated energy strategy. Unveiling the…
- 2 Feb 2016
Elumelu Urges US Congress to Pass the Electrify Africa Act
Tony Elumelu, chairman, Heirs Holdings and Founder Tony Elumelu Foundation has called on the United States Congress to pass the ‘Electrify Africa Act’ stating that the passage in to law would make a…
- 20 Sept 2016
Elumelu Wins Africa Investor ‘Person of the Year’ Award in New York
Mr. Tony Elumelu, chairman of Heirs Holdings, yesterday, while receiving the ‘Person of the Year’ award at the Africa Investor CEO Institutional Investment Summit hosted alongside the UN General…
- 16 Nov 2020
FBNQuest Acts as Financial Adviser, Consortium Lead on Privatisation of Afam Power Plc
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, was appointed by the Bureau of Public Enterprises, on behalf of the National Council on…
- 25 Mar 2014
Jim O’Neill at AFC Live Lists 4 Agenda for Africa’s Development
Jim O’Neill, renowned economist who coined the ‘BRIC’ and ‘MINT’ acronyms, declares the African infrastructure divide, ‘both a defining challenge and a standout investment opportunity of our…
- 19 Nov 2012
TransCorp’s Shares Nosedive as ‘Brokers Bank on Company
Tony Elumelu, chairman, Transcorp Plc got stockbroker’s nod for a job well done, in spite of apathy gripping long term investors of Transcorp plc over their inability to recoup their dwindling…
- 18 Oct 2018
Nestoil Appoints New Executive Director
Nestoil Limited, Nigeria’s leading Oil and Gas Engineering Procurement, Construction and Commissioning (EPCC) Company has announced the appointment of Obinna Ufudo as Executive Director Operations.…
- 19 Jan 2009
Telecom: Great Expectations in 2009
Telecommunications sector remains the pivot of an information society, where businesses and services are delivered via Information and Communications Technology. The year 2008 was a mix given for…
- 5 Mar 2021
Transcorp Hotels Launches Aura, Online Marketplace for Accommodation and Experiences
Transcorp Hotels Plc., Africa’s leading hospitality brand has announced the launch of Aura, a new digital platform through which people can book accommodation, restaurants, and experiences. The new…
- 22 Oct 2025
Elumelu Underscores Critical Role Of Private Sector As Engine Of Transformation
Group Chairman, United Bank for Africa (UBA) Plc, and Heirs Holdings Limited, Tony Elumelu, CFR has challenged African policymakers to create environments that reward enterprise and unlock the…
- 26 Aug 2014
UBA Group Appoints Tony Elumelu as Chairman
Board of United Bank for Africa Plc (UBA) on Monday, announced the appointment of Mr. Tony O. Elumelu, as chairman; he succeeds Ambassador Joe Keshi. Elumelu is chairman and chief executive…
- 28 Dec 2021
Transcorp Hotels Appoint Bola Onagoruwa as an Independent Non-Executive Director
The Board of Transcorp Hotels Plc. Nigeria’s leading hospitality brand and owners of the award-winning Transcorp Hilton Abuja, Transcorp Hotels Calabar, and online booking platform for accommodation,…
- 30 Aug 2013
Elumelu Invests in Seadrill Mobil in W/African Expansion Scheme
Tony O. Elumelu’s pan-African investment vehicle, Heirs Holdings, has made substantial investment in Seadrill Mobil Units (Nigeria) Limited, an affiliate of one of the world’s leading offshore…
- 6 Aug 2013
Heirs Holdings, LSDPC to Give Falomo Shopping Complex Make-Over
Heirs Holdings, a pan-African investment company, chaired by Mr. Tony Elumelu, Tuesday signed an agreement with the Lagos State Development Property Corporation (LSDPC), for the redevelopment of the…
- 27 Jun 2022
Ashcraft Announces Date for South – South Zonal Stakeholders Summit
The Ashcraft Centre for Social Science Research, organisers of South – South Zonal Stakeholders Summit has announced 25th and 26th July, 2022 as date for this year’s summit. Chiakor Alfred, Chief of…
- 26 Mar 2014
FG to Raise N746Bn from Sale of NITEL, Others
Federal government is eyeing a whopping N746.6billion privatisation proceeds this year, according to the Bureau of Public Enterprises (BPE). Benjamin Dikki, director-general, BPE, said that his…
- 4 Nov 2019
Layer3 Charts Course for Data Localization, Cloud Adoption in Nigeria
Leading IT professionals from across Nigeria converged at the Transcorp Hilton Hotel, Abuja, recently to discuss the country’s need to take charge of the data it generates, and drive the adoption of…
- 23 Mar 2024
Tony Elumelu @ 61: Marking Another Milestone
By Chidiebere Nwobodo The unit of life is time. And life is like a leaf of plain white paper you decide what to write on it. This philosophy defined Tony Elumelu’s teenage years. Tony Elumelu Then…
- 28 Dec 2012
Elumelu’s Heir Group Develops Commodity Trading Platform
Heirs Holdings, the African investment company focusing on principal investments in a variety of sectors across Africa, plans to establish the Africa Exchange Holdings Limited (AfEX), a platform to…