Transnational Corporation Plc (“Transcorp Group” or the “Company”) (NGX: TRANSCORP), Africa’s leading listed conglomerate with strategic investments in power, hospitality, and energy, has declared a total dividend of ₦20,323,995,148, representing ₦2.00 per share to its shareholders, at its 20th Annual General Meeting (AGM), held at the new state-of-the-art Transcorp Centre, Abuja.

The total dividend comprises an interim dividend payment of ₦4,064,799.030, representing 40 kobo per share, paid in August 2025, together with a final dividend of ₦16,259,196,118, equivalent to ₦1.60 per share.

At the AGM, where the shareholders approved the Audited Financial Statements for the year ended December 31, 2025, the Group Chairman of Transcorp Plc, Mr Tony O. Elumelu, CFR, restated the company’s commitment to delivering sustainable long-term value creation as shareholders commended the conglomerate and its management for sustained performance.

In 2025, the Group, with a combined market capitalisation of ₦4.78 trillion ($3.52

billion) as of May 7, 2026, recorded strong year-on-year growth across all key metrics. Revenue increased by 33% to ₦544 billion (FY 2024: ₦408 billion). Profit Before Tax rose 31% to ₦179.5 billion (FY 2024: ₦136.7 billion), while Profit After Tax surged 44% to ₦135.9 billion (FY 2024: ₦94.1 billion)

Board Chair’s Statement

Mr. Tony O. Elumelu, CFR, Group Chairman, Transnational Corporation Plc

“Transcorp Group remains firmly focused on strong corporate governance and the disciplined execution of its strategic priorities to deliver sustainable, long-term value. Despite a challenging macroeconomic environment, the Group continues to benefit from its diversified portfolio, which has underpinned resilient financial performance in 2025.

President/GCEO’s Statement

Mrs. Owen D. Omogiafo, OON, President/Group CEO, Transnational Corporation Plc

“FY 2025 was a year defined by disciplined execution, strategic resolve, and resilient performance. Transcorp Group is committed to resolving the energy crisis in Nigeria; we have an energy situation, and the gap between the demand and supply is still very wide. Hence, we will continue to work assiduously and tirelessly towards bridging that gap, creating value for the wider country. In our hospitality business, the 5,000-seat capacity Transcorp Centre hosting us today is a testament to our disciplined execution, and you will see more in the coming years.

Shareholders Comments:

While commenting on the performance, one of the shareholders, Mrs E. O. Obideyi, commended the management of Transcorp Group, saying, “I commend the management and staff of Transcorp for sustained performance year-on-year. While we appreciate the Board, I am also extending my commendation to the members of staff of Transcorp for a job well done.”

Another Shareholder, Mr Moses Igrude, commended the Board, Management, and Staff of Transcorp Plc. He said, “I appreciate the vision behind Transcorp and what it has become. When I look at the history and how far it has come under Mr Tony Elumelu’s leadership, I am proud that the aim and objectives are being achieved. That payoff line, ‘Improving lives and transforming Africa,’ is a reality we are witnessing.

Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026.

Engr. Bello’s appointment represents a strategic step to ensure the continuity, stability, and sustained effectiveness of the Board, while reinforcing the high standards of corporate governance, regulatory compliance, and strategic oversight for which Zenith Bank is widely respected. He joined the Board of Zenith Bank Plc on 29 December 2017 and has served on several Board committees, including the Board Audit and Compliance Committee, Board Governance, Nomination and Remuneration Committee, and as Chairman of the Board Risk Management Committee until he was appointed Chairman of the Board of Directors.

He has extensive leadership experience at Board and executive levels, a strong understanding of corporate governance principles and regulatory expectations, and a proven track record in strategic oversight and organisational growth. He has consistently demonstrated integrity, independence and sound judgement, qualities that distinguished him as the natural choice to lead the Board into its next chapter.

Engr. Mustafa Bello is a distinguished engineer, statesman and corporate leader. His career spans more than four decades across the public and private sectors of the Nigerian economy. He served as Minister of Commerce of the Federal Republic of Nigeria from 1999 to 2002 under President Olusegun Obasanjo, GCFR, where he led the development of Nigeria’s WTO-consistent Trade Policy. He also oversaw the Corporate Affairs Commission (CAC) online project of 2002, which modernised the way businesses register and operate in the country. From November 2003 to February 2014, he served as Executive Secretary and Chief Executive Officer of the Nigerian Investments Promotion Commission (NIPC), where he was instrumental in attracting foreign direct investment into Nigeria, building multilateral and bilateral partnerships, and representing the Federal Government at international conferences and missions.

He graduated from Ahmadu Bello University (ABU), Zaria, in 1978 with a B.Engr. in Civil Engineering (Second Class Upper Division), winning the Shell Prize for the best project and thesis in the Faculty of Engineering. He began his career with the Nigerian Army’s Directorate of Quartering and Engineering Service from 1978 to 1979, before joining the Niger State Housing Corporation as a Senior Civil Engineer from 1980 to 1983.

He is currently the Chairman of Invest-in-Northern Nigeria Limited, a special purpose vehicle for the economic and social transformation of the Northern Nigerian economy, and has previously served on the boards of Eskom Holdings Limited of the Republic of South Africa (2004 to 2008) and FrieslandCampina WAMCO Nigeria Plc as an Independent Non-Executive Director. He is a Fellow of the Nigerian Society of Engineers and a Registered Member of Council for the Regulation of Engineering in Nigeria (COREN) as well as a Fellow of the Academy of Natural Sciences & Engineering in Nigeria (ANSEN).

Zenith Bank stands among Africa’s leading financial institutions, with a strong capital base and operations across Nigeria, the United Kingdom, the United Arab Emirates, Ghana, Sierra Leone, The Gambia, and Côte d’Ivoire.

Chief Executive Officer Africa 1, United Bank for Africa (UBA), Chioma Mang, and UBA’s Group Chief Experience Officer, Michelle Nwoga, were among the most celebrated figures at the 2026 Guardian Woman Festival, receiving the coveted Special Recognition Awards in honour of their transformative leadership and contributions to banking, customer experience, and corporate impact across Africa.

The two UBA leaders were honoured during the Festival’s closing ceremony of the Guardian ‘Seven Women Wonder’ category, which drew together leaders from business, philanthropy and civil society to celebrate women driving meaningful change.

Their recognition continues to underscore UBA’s commitment to advancing female leadership at the highest levels of finance and service excellence on the continent.

Receiving the award, Chioma Mang and Michelle Nwoga spoke on how UBA is passionate about women’s growth and how it consistently creates platforms for women to lead, innovate and shape the future of African banking. Chioma Mang said: “ I share this honour with every woman around the world, women in banking and finance and especially women at UBA, working tirelessly to reshape Africa’s financial landscape.”  Michelle Nwoga added, “This award underscores what happens when women lead with empathy and execution. True customer experience begins with believing in the people you serve, and the outcome easily is excellence.”

Other winners at the Women’s Festival were the awardees of the Seven Wonder Women category: CEO, FSDH Merchant Bank, Bukola Smith; President, Nigerian Institute of Architects, Mobolaji Adeniyi; Broadcaster, Debby Odutayo; Executive Director, Polo Luxury, Jennifer Obayuwana; Head of Sustainability and ESG, NSIA, Nana Maidugi; Founder, Female Techpreneur Founders Lounge, Bukola Moyo Babajide; and Chief Executive Officer, Wakanow, Adenike Macaulay.

The Guardian Woman Festival’s 2026 edition concluded a month-long celebration of impact, leadership and purpose, bringing its closing spotlight onto collective social action by honouring charities and supportive organisations whose work continues to reshape communities across Nigeria and beyond.

Speaking at the closing ceremony, Co-convener Anita Athena Ibru explained the Festival’s deliberate shift toward recognising institutions alongside individuals

 “It is important to recognise these teams of women quietly working behind the scenes. This serves as a reminder that when women get together, no matter their position, be it at the executive or volunteer level, if they stay aligned with purpose, great things can happen. We are bringing to light the fact that women are often the key drivers behind charitable causes and advocates for social change.”

This year’s edition expanded its recognition framework to amplify the often-unseen work of organised female-led philanthropy. The recognised philanthropies were: Small World, Child Advocacy Health Initiative, Global Survivors Fund, Mama’s Breakfast Club, and ARA NINI Health.