TRANSCORP · Transnational Corporation of Nigeria PLC

Description

Transnational Corp. of Nigeria Plc is an investment company, which engages in the provision of acquiring and managing strategic businesses that create long term shareholder returns and socio-economic impact. It operates through the following segments: Hospitality, Oil & Gas, Agro-Allied, Power, and Corporate Centre. The Hospitality segment is made up of the direct subsidiary Transnational Hotels Plc and indirect subsidiaries, Transcorp Hotels Calabar Limited, Transcorp Hotels Ikoyi Limited and Transcorp Hotels Port Harcourt Limited. The Oil & Gas segment is comprised of Transcorp Energy Limited and Transcorp OPL 281 Limited, which are into the exploration, refining and marketing of petroleum products. The Agro-Allied segment relates to the subsidiary Terago Commodities Limited, which engages in the manufacture and processing of fruit concentrates from fruits from which the group derives revenue. The Power segment is the Transcorp Power Limited of the company, which engages in the generation of electric power. The Corporate segment is the parent company and the other non-operational subsidiaries. The company was founded on November 16, 2004 and is headquartered in Lagos, Nigeria.