Transcorp appoints Joseph Adegunwa as new Chief Financial Officer

NIGERIA – The Board of Transnational Corporation of Nigeria Plc has announced the appointment of Mr Joseph Adegunwa, as the new Chief Financial Officer of the Company, effective from November 15, 2021. This is according to a statement signed by the Group Company Secretary, Kofo Olokun-Olawoyin, and filed with the Nigerian Exchange Limited (NGX). Joseph Adegunwa is an astute finance…

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Transcorp Plc announces new member to its board and changes in its management team

NIGERIA – The Board of Transnational Corporation of Nigeria Plc (Transcorp), a conglomerate company, has announced the appointments of Mr Victor Famuyibo and Mallam Ahmadu Hamman Sambo to its Board of Directors. The Group also formally announced the appointments of two new members of its executive management team, Engr. Vincent Ozoude, as MD/CEO of Trans-Afam Power Ltd and Mr. Peter…

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Heirs, Transcorp acquire 45% stake in oil license OML 17 from Shell, Total and Eni

NIGERIA – TNOG Oil and Gas Limited, a company owned by Heirs Holdings alongside Transnational Corporation of Nigeria Plc, has acquired a 45% participating interest in Nigerian oil license OML 17 and related assets from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI. In addition, TNOG Oil and Gas Limited will have sole operatorship…

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Transcorp Consortium acquires Afam GenCo to maximize operational capacity

NIGERIA – Transcorp Consortium, a leading industrial holding company, has announced the 100 per cent acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast Power Limited (jointly referred to as Afam GenCo), at an acquisition cost of N105.3 billion (US$272m). “Today marks a milestone for the country with a return to private sector investment in the…

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