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  • Power Business Boosts Transcorp Q1 Profit By 242.27%

    The price of Transnational Corporation of Nigeria (Transcorp) notched 8% to lead Monday’s gainers’ table after the director presented its unaudited financials for the first quarter ended March 31, 2018, showing significant growth in top and bottom-lines, helped by its power business. Revenue for the period rose by 66.82% to N26.302bn from N15.767bn, with the …

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  • Shareholders commend Transcorp for Industry Leading Role in Improving Access to Electricity in Nigeria

    Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) strongly commended the Board and management for Transcorp’s impressive contribution to transforming the Nigerian power sector, through its power subsidiary, Transcorp Power. The commendations were received at the 12th Annual General Meeting of Transcorp, held on April 30th, 2018, at Oriental Hotel, Victoria Island, Lagos. The shareholders …

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  • Transcorp Power Hits 18% of National Generation

    Transcorp Power Company, Ughelli, a subsidiary of Transnational Corporation, has in the last one month, consistently generated 18 percent of the total power generation in the country. This was disclosed by the outgoing President/Chief Executive Officer of Transnational Corporation, Emmanuel Nnorom, at a send-off reception held in his honour in Lagos. Mr. Nnorom said the …

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  • Powering Africa’s Transformation

    Co-authored by Tony O. Elumelu, Aliko Dangote, and Carlos Lopes Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and manufacturing, pursue commodity production, and achieve quick gains in agriculture and light industry. But African countries’ success presupposes that they generate …

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  • Progress at the Transcorp Ughelli Power Plant

    It is no secret that for Nigeria to usher in an industrial phase that will drive our long-awaited diversification agenda, power is the single most critical sector. To put it simply, power is the fulcrum on which other sectors rely on. Earlier in the week, I was delighted to be at the Transcorp Power plant …

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  • Transcorp Power Partners with Covenant University and ENGIE on Solar Energy Generation

    Transcorp Power Limited has taken the alternative energy discussion a step further by partnering with ENGIE Group  and Covenant University to explore solar energy generation and utilisation in Nigeria. This event took place at the official visit of Transcorp and ENGIE Group on “Interactive Engagement for Solar Power Generation & Utilisation” at the Covenant University on February 10th, 2017. …

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  • Letter to President Obama on the anniversary of the Power Africa Initiative

    Nearly 600 million or seven-out-of-ten Africans do not have access to electricity.  This week marks the 1st anniversary of the announcement of President Obama’s Power Africa Initiative to double access to electricity in Sub-Saharan Africa. Power Africa aims to generate 10,000 megawatts of electricity in Africa by 2018 in participating countries.  The six African countries participating in the Power …

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  • Nigeria’s Power In The Hands Of The Private Sector

    President Goodluck Jonathan’s commitment to ‘move Nigeria from darkness to light’ was one step closer to being realized today at the official signing ceremony held by the BPE for the winning bidders of the privatization of the Power Holding Company of Nigeria (PHCN). The ceremony was held at the Presidential Villa in Abuja and was …

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