Tony Elumelu says Transcorp’s strong 2025 performance reflects growing investments in power, hospitality, oil and gas, and renewable energy.
By Baron ELOAGU – ABUJA — May 10, 2026
Transcorp Group has announced the payment of over N20.3 billion in dividends to shareholders following what the conglomerate described as a strong financial performance for the 2025 business year.
Chairman of the group, Tony Elumelu, disclosed this during the presentation of the company’s 2025 Annual Report and Financial Statement in Abuja, where he also praised ongoing Federal Government efforts to settle longstanding debts owed to electricity generation companies.
Shareholders Receive N20.3bn Dividend
Elumelu stated that the conglomerate paid N20,323,995,248 as dividend at N2 per share to shareholders, describing the payout as evidence of the company’s commitment to sustainable value creation.
According to him, Transcorp’s profit grew by more than 30 per cent during the financial year, driven by disciplined management, strategic investments and operational efficiency.
He noted that investors who previously earned only minimal returns are now witnessing significant growth in shareholder value.
“Today we are pushing towards N50 per share, paying dividends in naira and creating sustainable value,” Elumelu said.
Focus on Power, Hospitality and Energy
The Transcorp chairman reaffirmed the group’s commitment to expanding investments in electricity generation, hospitality, oil and gas, and renewable energy.
He stressed that improved electricity supply remains critical to Nigeria’s economic transformation, industrial growth and job creation.
“Our investment in power generation, power distribution, hospitality, oil and gas and renewable energy is all geared towards improving lives and making Nigeria a better place for everyone,” he said.
Elumelu added that the group’s hospitality investments are aimed at attracting both foreign and local investors by providing world-class facilities capable of boosting confidence in the Nigerian economy.
Government Begins Settlement of Legacy Debts
Group Chief Executive Officer of Transcorp Group, Owen Omogiafo, commended the administration of President Bola Ahmed Tinubu for initiating what she described as meaningful progress in settling historical debts owed to generation companies in the power sector.
She revealed that both Transcorp Power and TransAfam had signed reconciliation agreements with the Federal Government, with implementation of payments expected to begin within the year.
According to her, recent reforms and leadership changes within the power sector have improved investor confidence and strengthened industry outlook.
Power Generation Capacity Rises
The company disclosed that Transcorp Power increased its average available generation capacity from 477MW in 2024 to 550MW in 2025, representing a 15 per cent increase.
Peak generation reportedly reached 553MW with an 88.5 per cent utilisation rate.
Similarly, TransAfam Power Limited improved its average available capacity from 250MW to 348MW, while average generation rose from 53MW in 2024 to 102MW in 2025.
The company noted that these gains were achieved despite gas supply shortages and national grid evacuation challenges.
Hospitality Business Records Strong Growth
Transcorp Hilton Abuja also recorded significant growth, generating approximately N97 billion in full-year revenue.
Omogiafo disclosed that the hotel, which will mark its 40th anniversary next year, remains one of Nigeria’s most iconic hospitality assets.
She further revealed plans for a new 315-room five-star hotel project in Ikoyi, Lagos, which will include lifestyle and relaxation facilities.
Shareholders’ Funds Jump by 47%
The Transcorp GCEO said shareholders’ funds increased by 47 per cent to over N350 billion, underscoring the company’s long-term commitment to growth and investor returns.
She maintained that despite prevailing economic pressures, Nigeria still presents significant investment opportunities for local and international investors.
Transcorp Group says it will continue prioritising strategic investments aimed at strengthening operational capacity, improving efficiency and driving sustainable growth across its businesses in power, hospitality and energy.
The company also expressed optimism that ongoing reforms in the power sector would further improve industry performance and support Nigeria’s economic development.
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