Transnational Corporation of Nigeria

Transnational Corporation of Nigeria Plc (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.

Origin

Transnational Corporation of Nigeria Plc “Transcorp” was incorporated on November 16, 2004 with the goal of creating a Nigerian Company that is globally competitive. The original concept was that Transcorp would be a conglomerate, similar to the South Korean Chaebols. The goal of the founders was to set up a company capable of mobilizing local and international capital in the development of world class enterprises, under strong Nigerian management and leadership.