19 results
- 8 Aug 2014
Transcorp Invest N65Bn in Ughelli Power Plant
The core investor of Ughelli Power Plc has invested N65 billion into the power plant, according to Mr. Adeoye Fadeyibi, chief executive of Transcorp, He made the disclosure when the Senate Committee…
- 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…
- 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…
- 2 Feb 2014
Transcorp, GE Partner for Improved Power Generation
Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s…
- 12 Sept 2014
Elumelu’s Heirs Holdings to Generate ¼ of Nigeria’s Power Consumption
Tony Elumelu, well-known global business leader and chairman of Heirs Holdings has said that the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the…
- 4 Nov 2015
Transcorp Power Lists Issues Facing GENCOs
Transnational Corporation of Nigeria Plc (Transcorp)’s power subsidiary Transcorp Ughelli Power Plc (Transcorp Power) has detailed the key issues affecting the ability of most Generating Companies…
- 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…
- 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…
- 31 Jan 2013
Transcorp, GE Seal Power Deal
Transnational Corporation of Nigeria Plc (Transcorp) and General Electric (GE), have inked a framework agreement to collaborate in addressing the infrastructural needs of Nigeria, with emphasis on…
- 2 Jun 2015
How and Why Goodluck Failed to Fix Electricity
Prof. Chinedu Nebo, former minister of Power, has asked the new government to wield the big stick which the immediate past government could not muster to deliver reliable electricity power…
- 19 Dec 2013
AFC Closes US$250m Syndicated Term Loan Facility
The Africa Finance Corporation (AFC) has signed a US$ 250 million syndicated term loan facility, marking its debut in the international syndicated loan market. The facility, which was oversubscribed,…
- 21 Jul 2014
Transcorp Posts Profit Of N9.75Bn for Half Year
Transnational Corporation of Nigeria Plc (Transcorp) continued on a strong growth trajectory for FY 2014 as it announced Group Profit Before Tax (PBT) of N8.02bn for six months ended…
- 1 Jul 2013
Elumelu Commits $2.5 Billion to Africa’s Initiative
Tony O. Elumelu, African business leader, is committing $2.5 billion to the power sector in Africa, as part of his commitment to deliver affordable and accessible power to the continent. The…
- 28 Jun 2013
Elumelu Says Africa Open for Business, But not at Any Cost
Tony O. Elumelu, chairman, Heirs Holdings of one of the most diversified investment groups in Africa, has reiterated his message for the United States and international investors to engage…
- 8 Jul 2013
Obama the Africapitalist: Creating Private Sector Development Model
Opinion by Tony Elumelu Last week was the first time, in my memory, that a U.S. president came to Africa with investment at the top of his agenda and prioritised meeting with the continent's business…
- 1 Jul 2015
Elumelu Calls for End to Energy Poverty
Mr. Tony Elumelu, African businessman and philanthropist has said that providing access to electricity for schools, hospitals, businesses and industries is the single most impactful intervention that…
- 31 Oct 2013
UBA Grows Loan Book By 26.7%, Income Hits N48Bn
United Bank for Africa Plc (UBA) has released its nine months financial results, showing a significant 26.7% growth in loan portfolio, as the bank positions to take advantage of emerging…
- 11 Feb 2020
Transcorp Group Announces Significant New Executive and Non-Executive Board Appointments
Transnational Corporation of Nigeria Plc (Transcorp) has announced significant appointments to its Board and Executive Management. Owen Omogiafo Transcorp is Nigeria’s leading listed industrial…
- 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,…