{"id":30885,"date":"2026-05-12T13:09:57","date_gmt":"2026-05-12T12:09:57","guid":{"rendered":"https:\/\/www.funminews.com\/?p=30885"},"modified":"2026-05-12T13:10:00","modified_gmt":"2026-05-12T12:10:00","slug":"shareholders-approve-n20-3-billion-dividend-as-transcorp-marks-20th-agm","status":"publish","type":"post","link":"https:\/\/www.funminews.com\/index.php\/2026\/05\/12\/shareholders-approve-n20-3-billion-dividend-as-transcorp-marks-20th-agm\/","title":{"rendered":"Shareholders Approve N20.3 Billion Dividend as Transcorp Marks 20th AGM"},"content":{"rendered":"\n

Transnational Corporation Plc, known as Transcorp Group, has declared a total dividend of N20.3 billion, representing N2 per share, at its 20th Annual General Meeting held at the Transcorp Centre in Abuja. The payout includes an interim dividend of N4.06 billion, or 40 kobo per share, paid in August 2025, and a final dividend of N16.26 billion, equivalent to N1.60 per share.<\/p>\n\n\n\n

Shareholders approved the audited financial statements for the year ended Dec. 31, 2025, and commended the conglomerate\u2019s management for sustained performance. Group Chairman Tony O. Elumelu reaffirmed Transcorp\u2019s commitment to delivering long-term value creation, while President and Group CEO Owen Omogiafo described 2025 as a year of disciplined execution and resilient performance.<\/p>\n\n\n\n

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The company reported strong year-on-year growth across all key metrics. Revenue rose 33% to N544 billion from N408 billion in 2024. Profit before tax increased 31% to N179.5 billion from N136.7 billion, while profit after tax surged 44% to N135.9 billion compared with N94.1 billion in 2024. With a combined market capitalization of N4.78 trillion (S3.52 billion) as of May 7, 2026, Transcorp continues to rank among Nigeria\u2019s largest conglomerates.<\/p>\n\n\n\n

Omogiafo said the group remains focused on resolving Nigeria\u2019s energy crisis, noting the wide gap between demand and supply. \u201cWe will continue to work assiduously and tirelessly towards bridging that gap, creating value for the wider country,\u201d she said. She also highlighted growth in the hospitality business, pointing to the 5,000-seat Transcorp Centre as evidence of disciplined execution and future expansion.<\/p>\n\n\n\n

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Founded in 2004, Transcorp Group is a diversified conglomerate with interests in power, hospitality, and oil and gas. Its vision is to improve lives and transform Nigeria through investments in strategic sectors, while its mission emphasizes creating long-term value for shareholders and contributing to national development. Over the years, Transcorp has grown into one of Nigeria\u2019s most influential corporations, with subsidiaries such as Transcorp Power, Transcorp Hotels, and Transcorp Energy driving its expansion.<\/p>\n\n\n\n

The group\u2019s management, led by Elumelu and Omogiafo, has emphasized sustainability, innovation, and inclusive growth. Under their leadership, Transcorp has positioned itself as a driver of economic transformation, tackling critical challenges such as energy access and infrastructure gaps while building a reputation for disciplined financial stewardship.<\/p>\n","protected":false},"excerpt":{"rendered":"

Transnational Corporation Plc, known as Transcorp Group, has declared a total dividend of N20.3 billion, representing N2 per share, at its 20th Annual General Meeting held at the Transcorp Centre in Abuja. The payout includes an interim dividend of N4.06 billion, or 40 kobo per share, paid in August 2025, and a final dividend of […]<\/p>\n","protected":false},"author":11,"featured_media":30890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[3699,2,2096,776,4,478,8,458,3],"tags":[15635,15636,15634,15633,15632,15631,15637,15638],"class_list":{"0":"post-30885","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-africa","8":"category-business","9":"category-economics","10":"category-educational","11":"category-featured","12":"category-financial","13":"category-jobs","14":"category-legal","15":"category-naija-news","16":"tag-hospitality-industry-nigeria","17":"tag-market-capitalization-nigeria","18":"tag-nigeria-energy-crisis","19":"tag-owen-omogiafo-transcorp","20":"tag-tony-elumelu-leadership","21":"tag-transcorp-dividend-payout","23":"tag-transcorp-market-capitalization"},"_links":{"self":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/30885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/comments?post=30885"}],"version-history":[{"count":1,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/30885\/revisions"}],"predecessor-version":[{"id":30893,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/30885\/revisions\/30893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media\/30890"}],"wp:attachment":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media?parent=30885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/categories?post=30885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/tags?post=30885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}