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May 30, 2024

NGX Group Chairman, Kwairanga, Hails Listing Of Transcorp Power PLC Shares

…urges public to embrace investment opportunity.

In a historic ceremony held at the trading floor of the Nigerian Exchange (NGX), Alhaji Umaru Kwairanga, Chairman of the NGX Group, celebrated the listing of Transcorp Power Plc’s N7.5 billion ordinary shares.

The event marked a significant milestone as such listings, especially from companies with market capitalization in trillions of naira, are rare occurrences.

In his address, Kwairanga emphasized the deserving position of Transcorp Power Plc among the elite group of companies with market caps exceeding N1 Trillion .

He commended the company’s ownership of one of Nigeria’s largest generating companies and highlighted the transformative efforts led by Tony Elumelu and his team.

“Under their stewardship, the company has witnessed substantial investment and implemented world-class management practices, aiming to achieve a target generation of 3000 megawatts, representing more than half of Nigeria’s current generation capacity.” Dr Kwairanga said.

The Chairman however expressed confidence in Elumelu’s visionary leadership, noting his track record of dreaming big, meticulous planning, and surpassing expectations.

He lauded the success of Elumelu’s companies and the rewarding experiences for investors who have placed their trust in them.

According to him, “the listing of Transcorp Power Plc further underscores the NGX’s commitment to reflecting all sectors of Nigeria’s economy and serving as a true barometer of its diverse and vibrant economic landscape.”

He alao expressed pride and joy in welcoming Transcorp Power Plc to the NGX’s main board, urging the public to seize the opportunity to invest in another strong and viable company.

Dr Kwairanga, however, urged stakeholders to spread the word about the availability of shares in Transcorp Power Plc, signaling a promising avenue for public investment.

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