Transnational Corporation Plc (Transcorp Group), a Nigerian conglomerate, has sustained its growth trajectory, underscoring its strategic positioning and operational efficiency in the Nigerian economy.
According to the group’s audited financial statement for the year ended December 31, 2024, Transcorp’s revenue surged by 107 percent to N408 billion from the N197 billion recorded in 2023, driven by strategic investments and operational efficiency across its subsidiaries.
Transcorp’s power businesses have continued to be significant contributors to the Group’s revenue. In 2024, Transcorp Power reported a 124 percent surge in its revenue to N348.3 billion from N155.5 billion in 2023, contributing 85.3 percent to the overall revenue growth.