Transcorp Group, Transcorp Power Chiefs Win BusinessDay Top 25 CEOs Awards

In 2026, Transcorp Group and Transcorp Power Plc were honored in the BusinessDay Top 25 CEOs Awards, held in Lagos. This annual event recognizes leading companies quoted on the Nigerian Exchange, evaluating them on leadership performance, governance, and shareholder value creation. Transcorp Group is a diversified conglomerate operating in power, hospitality, and energy sectors.

Through subsidiaries Transcorp Power Plc and Transafam Power Limited, the Group possesses a combined installed generation capacity of approximately 2,000MW, ranking it among Nigeria's leading independent power producers. In its fiscal year ending December 31, 2025, Transcorp Group's revenue surged to ₦544 billion from ₦408 billion in FY 2024, marking a 33% increase.

Its Profit Before Tax also rose 31% to ₦179.5 billion. For Transcorp Power Plc, the Generation Company (GENCO) experienced a 30% increase in revenue to ₦398.27 billion in FY 2025, from ₦305.94 billion in FY 2024. Its Profit Before Tax also climbed by 14% to ₦162.44 billion, compared to ₦142.21 billion in FY 2024. These achievements were accomplished despite facing challenges such as gas supply constraints, foreign exchange volatility, and liquidity pressures in the power sector.

Speaking on the award, Transcorp Group's President/GCEO, Owen D. Omogiafo, OON, expressed gratitude to the colleagues who support his role, emphasizing the company's mission to enhance lives and transform Africa. Transcorp Power Plc's Managing Director/CEO, Peter Ikenga, shared the recognition with the Board and staff, highlighting their dedication, resilience, and pursuit of excellence.

Both leaders thanked Business Day Media Limited and the Nigerian Exchange for acknowledging the Group's continued focus on expanding and optimizing investments in the power sector and growing its hospitality portfolio.