The company, popularly known as Transcorp, disclosed that shareholders approved a final dividend of N1.60 per ordinary share for the 2025 financial year.
The payment, combined with the interim dividend of 40 kobo paid in August 2025, brings the total dividend for the year to N2.00 per share.
The approval reinforces Transcorp’s position among Nigeria’s leading dividend-paying conglomerates and reflects management’s confidence in the group’s earnings strength across its hospitality, power and energy businesses.
The AGM, held at the Transcorp Hilton Abuja on Friday, also saw shareholders receive the company’s audited financial statements for the year ended December 31, 2025, alongside reports from directors, auditors and the statutory audit committee.
Investors also approved the re-election of independent non-executive directors Victor Famuyibo, Ahmadu Sambo and Foluke Abdulrazaq to the board.
A major outcome of the meeting was shareholder approval granting the board broader authority to pursue strategic investments, acquisitions, divestments and restructuring initiatives across the group.
Under the approved resolution, Transcorp directors can now undertake business reorganisations, reconstructions and other corporate restructuring actions deemed necessary, subject to regulatory approvals where required.
The resolution is viewed as a strategic move that could position the conglomerate for expansion opportunities across sectors where it already maintains significant interests, particularly power generation, hospitality and energy infrastructure.
The company also obtained approval for a general mandate allowing it to enter recurrent related-party transactions necessary for day-to-day operations until the next AGM.
Shareholders further approved N790 million as cumulative remuneration for the company’s non-executive directors for the 2026 financial year, effective January 1, 2026.
The statutory audit committee for the new financial year will include shareholder representatives John Isesele, Mathew Esonanjor (SAN) and Judith Rapu, alongside board representatives Dr. Stanley Lawson and Victor Famuyibo.
The latest resolutions come as Transcorp continues to strengthen its position as one of Nigeria’s most diversified listed groups under the leadership of Chairman Tony Elumelu and Group President/CEO Owen Omogiafo.
Market analysts said the expanded board mandate could support the group’s long-term transformation strategy, especially as Nigerian conglomerates increasingly pursue restructuring and portfolio optimisation to unlock shareholder value.
The company’s sustained dividend growth is also expected to reinforce investor sentiment toward the stock on the Nigerian Exchange Limited.