Nigerian billionaire Femi Otedola has acquired 5.5 percent of Transcorp Plc shares making him the second largest shareholder of the company, according to findings by local media, BusinessDay . Sources confirmed the transaction was facilitated by an agreement between an entity owned by Otedola and Asset Management Corporation of Nigeria (AMCON). The report showed Otedola
Transnational Corporation of Nigeria (Transcorp) has appointed Mutiu Adekunle Bakare as its chief financial officer effective August 7, 2017. In a note to the Nigerian Stock Exchange (NSE), Transcorp described Bakare as an astute finance professional with over 15 years’ experience in finance management. “Bakare Mutiu brings enormous wealth of financial management experience to his
Transnational Corporation of Nigeria (Transcorp) has stated that its revenue rose by 38 percent in the 2017 half-year to N34.17 billion compared with N24.78 billion in a similar period last year. The growth in revenue was driven mainly by a 63 percent rise in income from its power subsidiary as gas supplies improved nationwide. Power
