Sunday, June 22, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

LISTING BY INTRODUCTION OF TRANSCORP POWER PLC

EconomyFoot Print by EconomyFoot Print
March 4, 2024
in Finance | Insurance | Pension, Top News
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter

Announcement

Transnational Corporation Plc (Transcorp Group) wishes to announce the listing of its subsidiary, Transcorp Power Plc (Transcorp Power or TP Plc) via listing by introduction on the Main Board of the Nigerian Exchange (NGX), on Monday, March 4, 2024.
There will be a  “Facts Behind the Listing” at the NGX Group House at 2:45 pm, where the Management of TP Plc, led by the Chief Executive Officer, Mr. Peter Ikenga, will provide information to Brokers, Dealers. Trading License Holders, Analysts, Press and Investors about the listing and the company the Company.
Following this listing, Transcorp Group will have two subsidiaries listed on the NGX, demonstrating further its commitment to creating value for the Nigerian public and catalyzing economic growth in Nigeria.  Transcorp Group will continue to maintain a significant holding in Transcorp Power Plc.
Transcorp Power operates the Ughelli Power Plant in Delta State, with an installed capacity of 972MW.  At the time of acquisition, the plant had an available capacity of 160MW.  Transcorp Power invested and increased the available capacity to 680.83MW (a 227% increase) within four years of acquisition, surpassing the 5-year target of 670MW set by the Bureau of Public Enterprises. Transcorp Power Plc is a member of the West African Power Pool and a participant in the ECOWAS Regional Electricity Market.  Today, Transcorp Power supplies electricity to the ECOWAS Regional Market.
About Transcorp Group
Transcorp Group is one of Africa’s leading, listed companies, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa.
Transcorp Group’s power businesses, Transcorp Power Plc and Transafam Power, provide 15% of Nigeria’s installed power capacity. Transcorp Group is committed to developing Nigeria’s domestic energy value chain, though its investments in OPL287.  The Group’s listed hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and has launched digital platform Aura by Transcorp Hotels.
Signature of Authorized Signatory
Name of Authorized Signatory
Designation of Authorized Signatory

Related posts

SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

June 20, 2025
BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt — Bloomberg

BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt — Bloomberg

June 19, 2025

Previous Post

CBN Hammers BDCs,  Revokes operational
Licenses of 4,173 BDCs

Next Post

De-dollarize the Economy Now

Next Post
We Will Take Price Stability Seriously; FX Market Will be Fit for Purpose – CBN Governor

De-dollarize the Economy Now

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

BAGASOO TO EXPLORE NEW INCOME SOURCES, TASK MEMBER-STATES TO MEET FINANCIAL OBLIGATIONS

4 months ago

No Immunity Against Crime, DG Tells Corps Members

5 months ago

Sound Naira is Required for FX Unification

2 years ago

BIPC SIGNS PARTNERSHIP WITH CHINESE FIRM TO DEVELOP BENUE MINING & AGRO COMMODITIES HUB

11 months ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • MINISTRY OF ART, CULTURE, AND CREATIVE ECONOMY PRESENTS BUDGET PERFORMANCE REPORT TO NATIONAL ASSEMBLY
  • SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness
  • BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt — Bloomberg

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

MINISTRY OF ART, CULTURE, AND CREATIVE ECONOMY PRESENTS BUDGET PERFORMANCE REPORT TO NATIONAL ASSEMBLY

June 20, 2025
SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

June 20, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion