Tony Elumelu's Transcorp H1 profit falls 17% to $39 million as power revenue slides
Billionaires Africa | 23.07.2026 14:30
Transnational Corporation, the Nigerian conglomerate chaired by businessman Tony Elumelu, reported a 16.6 percent drop in first-half profit to ₦54.37 billion ($39.4 million) as gas shortages and transmission constraints cut output at its power plants.
