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Transcorp Half-Year Performance Shows Powerful Growth as Profit Leaps by 713%

Transcorp Half-Year Performance Shows Powerful Growth as Profit Leaps by 713%
Posted by African ExaminerAfrican News, Business News, Latest News
Friday, July 30th, 2021
(AFRICAN EXAMINER) – Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the half-year ended June 2021, recording significant improvement across its major income lines.
The Conglomerate with strategic investments in the Power, Hospitality, and Energy sectors, recorded a profit after tax of N6.5bn, rising by 713% up from N0.8bn recorded in June of the previous year. Other key highlights of the result include the following:
Revenue rose by 53%, from N35.0bn in June 2020 to N53.3bn in the period under consideration. ....

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Possibility of construction of nuclear power plants in Nigeria

Possibility of construction of nuclear power plants in Nigeria
Possibility of construction of nuclear power plants in Nigeria
Modified date:
With the energy deficit approaching 4 GW, the federal government through the Ministry of Science and Technology has been presented with a possibility for construction of nuclear power plants in Nigeria, in the bid to meet the energy shortage.
The deal was put on the table by Mr. Peter Ikenga, the Head of Business at Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, one of the West African country’s leading power producers, during a meeting with the Nigerian Minister of Science & Technology, Dr. Ogbonnaya Onu. ....

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Peter Ikenga Doing Yeoman's Service At Transcorp Energy

Nigeria is a place with many talents. In recent months, the innovativeness of the Nigerian crop of young MDs and CEOs has crushed the conventional boundaries of achievements, introducing a new kind of acumen to business sectors. Peter Ikenga, CEO of Transcorp Energy is one of these CEOs with fresh perspectives and approach to work.
Peter Ikenga is one of the fierce Transcorp-ers pushing the frontiers on the conglomerateâs expanding network of business interests. As the man in charge of Transcorp Energy, the division that represents Transcorp on the upstream petroleum energy sector, Ikengaâs role requires him to be both original and ingenious or risk falling behind the other Transcorp divisions (Transcorp Hotels and Transcorp Power) in impact. ....

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Transcorp Energy Presents Alternative Energy Solution to Nigeria

(AFRICAN EXAMINER) – Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, one of Nigeria’s leading power producers, announced an alternative energy solution to Nigeria, as part of its broader integrated energy strategy.
Unveiling Transcorp’s alternative energy plan at a meeting with the Honourable Minister of Science & Technology, Dr. Ogbonnaya Onu, Peter Ikenga, the Head of Transcorp’s Energy business, said it offered considerable potential to the power sector.
Speaking at the event, Mr Ikenga stated that Transcorp Energy was seeking to collaborate with the Federal Government, through the Federal Ministry of Science and Technology, to develop nuclear power plants as alternative energy source in Nigeria, using the OPEN100 model. ....

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Transcorp to build Nigeria's first nuclear power plants

Transcorp to build Nigeria's first nuclear power plants
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.

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