Transnational Corporation of Nigeria (Transcorp)
was on the list of Africa’s top 500 companies recently released by The Africa
Report (February 2017 issue), a leading
news magazine publication owned by
Paris-based media group, Jeune Afrique.
The list is
compiled annually with each company listed assessed based on total
turnover as well as net profits. Despite the recent economic challenges in the
country, Transcorp has continued to focus on improving lives and
transforming Nigeria as they join the list of Africa’s stellar performers.
According to
Transcorp Plc. President/CEO, Emmanuel Nnorom, the recognition is
most welcomed and has become proof that it is possible to be financially
profitable when you focus on the best interest of the country and the
people. Nnorom also noted that Transcorp has been recognized as one of
Africa’s top 500 companies despite the fact that its investments are currently
situated in Nigeria only.
A handful of
notable Nigerian companies also appeared on this year’s list of Africa’s best
including Dangote, and Nigeria Breweries.
About Transnational Corporation of Nigeria (Transcorp)
Transcorp is
a leading diversified conglomerate with focus on acquiring and managing
strategic businesses that create long-term shareholder returns and
socio-economic impact. Its business interests are in four strategic sectors:
Power, Energy, Hospitality and Agriculture.
Incorporated
on November 16, 2004 and quoted on the Nigerian Stock Exchange, Transcorp has a
shareholder base of about 300,000 investors, the largest of which is Heirs
Holdings Limited, a pan-African proprietary investment company. Transcorp’s
other notable businesses include the award-winning Transcorp Hilton Hotel,
Abuja; Transcorp Hotels, Calabar; Transcorp Power Limited which acquired
Ughelli Power Plc, owner of the Ughelli Power Plant and Transcorp Energy
Limited, operator of OPL 281.
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