Category: Business

Transcorp Power Limited, Nigeria’s leading power generation company, located in Ughelli Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria, following fulfilment of all privatization conditions. Transcorp Power will no longer be subjected to post-privatisation monitoring and is the first privatized power generation company to…

Udechukwu Obi Osakwe has been appointed a non-executive director of the leading hospitality brand Transcorp Hotels Plc, effective February 17, 2023, subject to the approval of shareholders. Osakwe’s appointment comes following the retirement of Mr. Alexander Adeyemi from the Board after serving for close to 4 years. Osakwe brings to the Board his extensive experience…

  Heifer International’s sponsored agritech storage solution; ColdHubs, was yesterday formally introduced into the Lagos market with the launch of the facility for smallholder farmers and sellers of perishable farm produce at the ABAT CBD Market in Ibeju-Lekki. The ColdHubs innovation, which is being sponsored on a large scale by Heifer International, is part of…

TransAfam Power Ltd, a subsidiary of Transcorp Group, has announced the completion of the rehabilitation of its Afam 5 GT unit 20 Gas Turbine power-generating unit located at Okoloma – Afam, Ndoki in Oyigbo Local Government Area of Rivers State. The rehabilitated unit, which has been successfully commissioned and synchronized to the national grid, bringing…

The lowest price the Nigerian National Petroleum Company Limited can sell Premium Motor Spirit, popularly called petrol, to marketers, assuming there is no subsidy, is N400/litre, it has been learnt. Oil marketers, who made the disclosure on Sunday, also gave other reasons for the continued scarcity of petrol, which had led to the lingering queues…

…….. Profit before tax expands to N3.3bn as the leading hospitality brand continues to redefine standards  Transcorp Hotels Plc (“Transcorp Hotels” or the “Company”) (NGX: TRANSCOHOT) has announced results for the nine months ended September 30, 2022, as it continues its impressive performance, maintain its position as a leading hospitality brand. The company which owns…

…Holds 8th Graduation And 9th Induction Ceremony of Vocational Skills Training MD/CEO Christopher Ezeafulukwe with the royal fathers the Ovie of Ughelli Kingdom, His Royal Majesty, Dr. Wilson Ojakovo Oharisi III (JP) (on the left), the Okobaro of Ughievwien Kingdom, His Royal Majesty, Engr. Matthew Edirin Egbi (JP) (on the right), along with other guests and the beneficiaries…