President Bola Ahmed Tinubu has awarded each player of Nigeria’s Super Falcons $100,000 and a three-bedroom apartment following their return from Morocco.

This gesture follows their victory in the WAFCON tournament, where they made a surprising comeback to defeat the host nation, Morocco.

President Tinubu had earlier congratulated the team during a video call and expressed that he looked forward to receiving them at the Presidential Villa upon their return.

According to a statement issued by the president’s spokesperson, Dada Oluwasegun, the reward was made public.

“President Bola Ahmed Tinubu confers National Honours of Officer of Order of Niger and 3 bedroom apartments each and a cash award of $100,000 each to the 24 players and $50,000 each technical team for all the members of the Technical Committee”

• Declares ₦11.25b Shareholders’ Interim Dividend, Demonstrating Robust Growth

Transcorp Power Plc (“Transcorp Power” or the “Company”), (NGX: TRANSPOWER), one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc (“Transcorp Group”), has announced its unaudited financial results for the half-year ended 30 June 2025.

The Company’s revenue grew by 52% year-on-year to ₦205.8 billion in 2025, against ₦135.4 billion in H1 2024.

The H1 2025 performance was driven by enhanced generation capacity and improved operational efficiency, a reflection of Transcorp Power’s continued investment in infrastructure and service delivery.

Key Highlights

 Revenue Growth

 Revenue grew by 52% year-on-year to ₦205.8 billion, from ₦135.4 billion in H1 2024.

 Profit

 Gross profit increased to ₦77.6 billion, up from ₦62.9 billion in H1 2024, with a gross margin of 23%.

 Profit before tax rose by 15% PBT, to ₦58.7 billion in H1 2025, from ₦51.0 billion in H1 2024

 Dividend

 Consistent with its commitment to delivering shareholder value, the Company is rewarding shareholders with an interim dividend of ₦11,250,000,000, equivalent to ₦1.50 for every 50 kobo ordinary share, subject to appropriate withholding tax.

The performance highlights Transcorp Powers’s ability to maintain profitability, despite inflationary pressures and foreign exchange volatility, supported by effective pricing strategies and cost management, as well as the Company’s commitment to delivering significant returns to shareholders, with the enhanced dividend.

Chairman Transcorp Power Plc, Emmanuel Nnorom, commented: “Our strong performance in the first half of 2025 highlights our disciplined cost management, efficient operations, and resilience despite economic headwinds. This solid foundation continues to strengthen investor confidence in our long-term value and growth potential.”

MD/CEO Transcorp Power Plc, Peter Ikenga, comments: “Our H1 2025 performance reflects the gains from the continued investment in our plant. We increased generation by 100MW, compared with the same period last year, and we remain committed to creating sustainable value for our shareholders and the country at large. Transcorp Power is confident in sustaining its growth momentum into the second half of 2025, as we fulfill our mission to power Nigeria and Africa.”

Transcorp Power Plc is one of Nigeria’s principal power generation companies and an electricity-generating subsidiary of Transnational Corporation Plc (“Transcorp Group”), Nigeria’s leading, listed conglomerate, with strategic investments in the power, hospitality, and energy sectors. Transcorp Power is committed to creating value, driving economic growth, and ensuring social goods through access to the electricity supply.

www.transcorppower.com

Nigeria’s Super Falcons have arrived in Abuja to a hero’s welcome following their triumphant capture of a historic 10th Women’s Africa Cup of Nations (WAFCON) title, TheCityPulseNews reports.

The team touched down at the Nnamdi Azikiwe International Airport on Monday afternoon and were received with cheers and celebration. They are set to take part in a vibrant trophy parade through major landmarks in the Federal Capital Territory, including Airport Road, Berger Junction, Maitama, and the lively Wuse Market.

Festivities will continue later in the day as President Bola Ahmed Tinubu is expected to formally host and honour the African champions at the Presidential Villa.

The Falcons secured their latest title on Saturday night with a thrilling 3-2 victory over Morocco’s Atlas Lionesses, further solidifying their dominance on the continent.

More to come…