Elumelu’s Transcorp Consolidates its Power Play, Acquire 60% Majority stake in AEDC In a strategic move to consolidates Transcorp’s position in the Nigerian power sector, Christopher Ezeafulukwe, Managing Director/CEO of Transcorp Power Limited, has been entrusted by the Board of the Abuja Electricity Distribution Company (AEDC) to lead the[Read More…]
Transcorp delivers strong performance with N82.1bn revenue in first half of 2023 Transnational Corporation Plc (Transcorp Group) has announced revenue of N82.1 billion in the first half (H1) of 2023, compared to N62.9 billion in H1 2022 and marking a substantial 31% growth year-on-year. The report was announced as[Read More…]
Transnational Corporation Plc (Transcorp) has revealed that Tony Elumelu, the chairman of the company, has acquired fresh 9.7 billion shares in separate deals in recent days. The acquisition made him the biggest shareholder of the company, taking the prime spot from two previous owners. The conglomerate’s shares numbering 2.4 billion[Read More…]
