Nigerian billionaire Tony Elumelu's Transcorp posts $82 million nine-month profit
Billionaires Africa | 28.10.2026 01:03
Transnational Corp., the power and hospitality group chaired by Nigerian banking tycoon Tony Elumelu, earned ₦111.39 billion ($81.6 million) before tax in the first nine months of 2026, as tighter cost control and a stronger cash position helped offset problems on the power grid.
