Transnational Corporation of Nigeria
| Conglomerate | |
| Industry | Energy, agribusiness, hospitality |
| Headquarters | Lagos, Lagos State, Nigeria |
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Key people
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| Products | Fruit juice concentrates, hotels, energy, power |
| Website | http://www.transcorpnigeria.com |
Transnational Corporation of Nigeria plc (or Transcorp), is a diversified conglomerate with strategic investments and core interests in the hospitality, agribusiness and energy sectors. A publicly quoted conglomerate with a diversified shareholders base of about 290,000 investors, its notable assets include Transcorp Hotels plc (Transcorp Hilton Hotel, Abuja and Transcorp Hotels, Calabar); Teragro Commodities Limited, Heirs Holdings Limited, Transcorp Ughelli Power Limited and Transcorp Energy Limited (operator of OPL 281).
Transnational Corporation of Nigeria plc was incorporated on November 16, 2004. The original concept was that Transcorp would be a conglomerate, similar to the South Korean Chaebols.
On January 30, 2013, Transnational Corporation of Nigeria plc and General Electric (GE) signed a framework agreement to collaborate to address the infrastructural needs of Nigeria, with emphasis on the power and transportation sectors specifically rail transportation. GE, a global leader in the design, manufacture, supply, installation and maintenance of technology and services for the power sector, confirmed its commitment to facilitate the generation of 10,000MW of additional power in Nigeria over the next decade in line with its existing agreement with the Federal Government of Nigeria, signed in March 2012.
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