Close Menu
PRIMA NEWSPRIMA NEWS
    What's Hot

    Stranded Hormuz seafarers begin mass evacuation operation

    June 24, 2026

    Youth, Yayi, and the Battle for the Future

    June 24, 2026

    Abimbola Bajomo found product management while solving a workplace problem

    June 24, 2026
    Facebook X (Twitter) Instagram
    PRIMA NEWSPRIMA NEWS
    Facebook X (Twitter) Instagram
    Subscribe
    • Home
    • News
      • Politics
        • Politics
        • World Politics
      • World News
        • Africa
        • Asia Pacific
        • Europe & UK
        • Middle East
      • Economy
        • Business
      • Technology
      • Metro
      • Sports
      • Entertainment
    • Prima TV
    • Prima Gallery
    • Entertainment
    • Contact
    • About Us
    PRIMA NEWSPRIMA NEWS
    Home»Politics»Transcorp shareholders get N29.3 bn dividend 
    Politics

    Transcorp shareholders get N29.3 bn dividend 

    Prima NewsBy Prima NewsMay 12, 2026No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Transnational Corporation Plc, Transcorp Group, has declared a total dividend of N20.3 billion, representing N2 per share to its shareholders, at its 20th Annual General Meeting (AGM), held at the Transcorp Centre Abuja. 

    The total dividend  comprises an interim dividend payment of N4.06 billion, representing 40 kobo  per share, paid in August 2025, together with a final dividend of N16.259 billion  equivalent to N1.60 per share.

    At the AGM, where the shareholders approved the audited financial statements for the year ended December 31, 2025, the Group Chairman of Transcorp Plc, Mr Tony O. Elumelu, restated the company’s commitment to delivering sustainable long-term value

    creation as shareholders commended the conglomerate and its management for sustained performance.  

    In 2025, the Group, with a combined market capitalisation of N4.78 trillion ($3.52 billion) as of May 7, 2026, recorded strong year-on-year growth across all key metrics. Revenue increased by 33% to N544 billion against  N408 billion in 2024..

    Profit Before Tax rose 31% to N179.5 billion against  N136.7 billion in 2024, while Profit After Tax surged 44% to N135.9 billion against N94.1 billion in 2024.

    Commenting, Mrs. Owen  Omogiafo, President/Group CEO, Transcorp, said: “2025 was a year defined by disciplined execution, strategic resolve, and resilient performance. Transcorp Group is committed to resolving the energy crisis in Nigeria; we have an energy situation, and the gap between the demand and supply is still very wide. Hence, we will continue to work assiduously and tirelessly towards bridging that gap, creating value for the wider country. 

    In our hospitality business, the 5,000-seat capacity Transcorp Centre hosting us today is a testament to our disciplined execution, and you will see more in the coming years.”

    The post Transcorp shareholders get N29.3 bn dividend  appeared first on Vanguard News.

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Prima News
    • Website

    Related Posts

    My govt is laying foundation for Nigeria’s prosperity

    June 24, 2026

    Niger Assembly Suspends Plenary Indefinitely Over Executive

    June 24, 2026

    NAE backs power reforms, warns on infrastructure gaps

    June 24, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Trending

    Stranded Hormuz seafarers begin mass evacuation operation

    By Prima NewsJune 24, 2026

    “You don’t know when the war will end; you don’t know when…

    Youth, Yayi, and the Battle for the Future

    By Prima NewsJune 24, 2026

    The celebration of Senator Solomon Olamilekan Adeola (Yayi)’s third anniversary as the…

    Abimbola Bajomo found product management while solving a workplace problem

    By Prima NewsJune 24, 2026

    Abimbola Bajomo grew up around money. Not the kind of children tucked…

    Latest News

    Stranded Hormuz seafarers begin mass evacuation operation

    By Prima NewsJune 24, 2026

    “You don’t know when the war will end; you don’t know when the vessel can…

    Youth, Yayi, and the Battle for the Future

    June 24, 2026

    Abimbola Bajomo found product management while solving a workplace problem

    June 24, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest news from PRIMA NEWS about politics, art, design and business.

    © 2026 PRIMA NEWS (ISSN: 2251-1237)
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.