Transnational Corporation of Nigeria (Transcorp) News

Nigeria's Transcorp to spend $1.6B to quadruple power supply by 2018

Nigeria's Transcorp to spend $1.6B to quadruple power supply by 2018

Nigeria’s Transcorp plans to spend $1.575 billion from 2016 to 2018 to raise its power generation capacity to 2,500 megawatts (MW) from 610 MW now, the company said on Thursday.

Emmanuel Nnorom, CEO, Transcorp

Nigeria's Transcorp on track for 850 MW capacity this year, says CEO Emmanuel Nnorom

Nigeria’s Transcorp is on track to boost its power generation capacity to 850 megawatts (MW) by the end of 2015 from 610 megawatts last year, the company’s chief executive said on Friday.

Tayo Oviosu, CEO, Paga

21 Nigerian tech CEOs at the top of their game

Here are 21 of the country’s tech entrepreneurs who are at the top of their game and are making serious waves in the tech space.

Transcorp Hotels lists on the Nigerian Stock Exchange

Transcorp Hotels lists on the Nigerian Stock Exchange

The Nigerian Stock Exchange (NSE), on Thursday, January 14, 2015, admitted 7,600,403,900 ordinary shares of Transcorp Hotels Plc at N10 per share on its Daily Official List.

A shopper peruses the grocery aisles at the South Africa–based Shoprite in the three-year-old Ikeja City Mall. Photo credit: nationalgeographic.com

Global X MSCI Nigeria ETF: Speculative multi-year play approaching attractive valuation

The bet is a very long-term (multi-year) play on: (1) Earnings growth; and (2) Increased multiples assigned to equities by market participants as Nigeria’s markets mature.

Transcorp Hilton Abuja, Nigeria

Nigeria's Transcorp Hotels raises NGN 4.2B (USD 23M) from IPO

Transcorp Hotels has raised NGN 4.2B (USD 23M) from its recent initial public offering (IPO), indicating a 52 percent subscription level.

Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp

Nigeria's economy resilient to oil prices: Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp (Video)

Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp, has said that the Nigerian economy is more resilient to falling oil prices than is being projected.

NITEL headquarters, Abuja, Nigeria

NATCOM acquires Nigeria's NITEL and MTEL for $252.5M

Nigerian government makes progress in latest attempt to privatise incumbent telco and its mobile unit Mtel.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Tony Elumelu, Chairman of Heirs Holdings, Chairman of Transcorp, and Chairman of UBA Group

Nigeria's four newest billionaires: Tony Elumelu, Cletus Ibeto, Benedict Peters, & Akanimo Udofia

Nigeria has four new billionaires, according to wealth research done by Ventures Africa.

Goodluck Jonathan, President of Nigeria

Nigeria's Power Industry Bailout Heads Off Threat to Lenders

Nigeria has headed off a threat to its banking industry by propping up struggling power companies with an intervention fund, said analysts including Pabina Yinkere of Vetiva Capital Management Ltd.

Transcorp Hilton, Abuja, Nigeria

Transcorp Hotels plans close to $50M IPO to develop new luxury hotels in Nigeria

Transcorp Hotels Plc will invest the proceeds of an 8 billion naira ($49 million) initial public offering into two new luxury Nigerian properties as the operator seeks to exploit a rise in international travel

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Game Changers Africa: A profile of Tony Elumelu, Chairman of Heirs Holdings, UBA and Transcorp (Video)

Former Nigerian banker turned philanthropist & entrepreneur, Tony Elumelu, is profiled.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp & UBA Group

UBA Group Appoints Tony Elumelu as Chairman

The Board of United Bank for Africa Plc UBA today announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi.

Transcorp

Transcorp announces appointment of Emmanuel Nnorom as new CEO

The Board of Directors of Transnational Corporation of Nigeria Plc on Tuesday announced the appointment of Mr. Emmanuel Nnorom as the President/Chief Executive Officer of the company.

Transcorp Hilton, Abuja, Nigeria

Transcorp to expand hotel and power investments in Nigeria

Nigerian conglomerate Transcorp plans to invest around $110 million to expand its hotel network in Africa’s biggest economy as it seeks to tap into a growing market for business travellers, its chief executive said on Saturday.

Tony Elumelu, Chairman, Transcorp

Tony Elumelu, Chairman, Transcorp: Creating A Billion Dollar Conglomerate (Video)

Transcorp Chairman, Tony Elumelu, talks about his ambitious plans to grow the group into a billion dollar conglomerate within five years. Elumelu also explains why he chose Rwanda as the base for a new commodities exchange in Africa.