TRANSCORP POWER RELEASES UNAUDITED RESULTS FOR THE Q1 ENDED 31 MARCH 2025

Transcorp Power Plc (NGX: TRANSPOWER), one of the power subsidiaries of Africa’s leading and listed conglomerate, Transnational Corporation Plc (“Transcorp Group”), has announced its unaudited results for the first quarter ended March 31, 2025.

Key Highlights:

• Robust Revenue Growth

o    An impressive 55% year-on-year increase in revenue, rising from ₦67.9 billion to ₦105.4 billion.

o    This strong performance was primarily driven by an increased available capacity of 625MW compared to 500MW in Q1, 2024. This growth has been achieved notwithstanding the liquidity challenges in the sector, showcasing our commitment to closing the power supply gap in the country. 

• Significant Growth in Profit Before Tax

o    Profit before tax grew by 50%, from ₦28.8 billion in Q1, 2024 to ₦43.3 billion in Q1, 2025.

o    This substantial growth reflects not only higher revenues but also continued improvements in cost efficiency and operational excellence.

MD/CEO of Transcorp Power Plc, Peter Ikenga, comments:

“We delivered a strong performance in Q1 2025, reflecting our disciplined execution, reliable operations, and unwavering focus on efficiency. Despite the challenges impacting the sector, we continue to optimise our generating capacity from 500MW in Q1 2024 to 625MW in Q1 2025. We remain firmly committed to delivering long-term value for our shareholders while powering progress across Africa”.

Ogun State Governor Dapo Abiodun Salutes Aare Adetola EmmanuelKing at 50

The Governor of Ogun State, Prince Dapo Abiodun, CON, has congratulated real‑estate titan Aare Adetola EmmanuelKing, Chairman and CEO of ADRON Homes & Properties, on his 50th birthday.

“Reaching fifty in good health and remarkable professional standing is a testament to God’s grace,” the governor said.

Governor Abiodun lauded Aare Adetola’s “exceptional journey and unwavering commitment to excellence,” noting that ADRON Homes has expanded under his leadership from modest beginnings to a leading national developer that has broadened access to home-ownership for countless Nigerians.

“As governor of your home state, I am proud of your accomplishments,” Governor Abiodun added.

The Governor highlighted Aare Adetola’s deep‑rooted investment in people and the local economy, describing it as a reflection of faith in Nigeria’s limitless potential. He credited the celebrant’s “strategic foresight and community‑driven initiatives” with lifting the country’s real‑estate sector to new heights.

On behalf of his family and the people of Ogun State, Governor Abiodun wished EmmanuelKing continued health, wisdom, and impact, extending heartfelt congratulations to his family, friends, and associates on this golden jubilee milestone.

AHMADU FIDI AHMADU: A DISTINGUISHED LEADER IN MARITIME MANAGEMENT AND CORPORATE GOVERNANCE

BY
CHINEDU NSOFOR

Ahmadu Fidi Ahmadu is far from an ordinary man. With a career spanning over two decades, he stands as a quintessential example of excellence in leadership, strategic resource management, and maritime consultancy. As the Director and CEO of Waarith Consulting Limited, he has demonstrated an unwavering commitment to operational efficiency, environmental sustainability, and corporate governance.

A Proven CEO with 22+ Years of Expertise

Ahmadu’s professional journey is marked by over 22 years of rich, cognitive experience in managing both human and material resources across industries. Currently serving as the Chief Executive Officer of Waarith Consulting Limited, a marine cargo handling company, he leads a firm that provides critical stevedoring and terminal operations to major players in the maritime and oil sectors.

Waarith Consulting Limited is actively involved in high-impact projects including:

Dangote Refinery, Lekki, Lagos (650,000 barrels per day capacity)

ENI’s Brass Export Terminal, Bayelsa State

Lagos Deep Offshore Logistics Base (LADOL), Apapa, Lagos

These partnerships underscore the company’s central role in supporting international oil companies (IOCs) and Nigeria’s economic infrastructure.

An Academic Portfolio That Reflects Global Leadership

Ahmadu is not only accomplished professionally but also academically. He holds a degree in Business Administration from the prestigious Ahmadu Bello University (ABU), Zaria and has continued to sharpen his strategic insight at world-renowned institutions. His qualifications include:

Certificate in Global Management – INSEAD Business School

Advanced Diploma in Port and Terminal Management – Lloyd’s Maritime Institute

INSEAD Certified Director (IDP-C) with Advanced Certificates in Corporate Governance and Negotiation

Board Director Diploma – International Institute for Management Development (IMD)

Diploma in Environmental, Social, and Governance (ESG) with Distinction – Corporate Governance Institute

This academic repertoire gives Ahmadu a rare blend of business, governance, and maritime expertise.

A Fellow and Member of Leading Professional Bodies

His pursuit of excellence is mirrored in his affiliations with several reputable institutions both in Nigeria and internationally. Ahmadu is:

Fellow, Nigerian Institute of Management (Chartered)

Fellow, Chartered Institute of Logistics and Transport (CILT)

Fellow, Chartered Institute of Transport Administration of Nigeria (CIOTA)

Fellow, Institute of Management Consultants Nigeria (IMCN)

Fellow, Institute of Safety Professionals of Nigeria

Fellow, Centre for Public Service Productivity and Development Nigeria (CPSP)

Fellow, Institute of Professional Entrepreneurs and Strategic Administrators of Nigeria

In addition, he is a:

Member, Institute of Directors Nigeria (IOD)

Member, Corporate Governance Institute

Member, Society for Corporate Governance Nigeria (SCGN)

Member, International Association of Marine and Shipping Professionals (IAMSP)

Member, Chartered Institute of Personnel Management (CIPM)

Senior Associate, Risk Management Association of Nigeria (RMAN)

Leadership in Environmental and Sports Development

Ahmadu’s influence extends beyond boardrooms. He is a two-time board member of the Nigerian Rowing, Canoe and Sailing Federation, representing the North-Eastern zone (2017–2021 and 2021–2025). He also serves as a trustee of the Monguno and Bridgewater Green Foundation, an NGO focused on climate change and combating desert encroachment.

Legacy Projects and National Impact

One of the most impactful milestones in his career was his time as Chief Operating Officer (COO) at African Circle Pollution Management Limited, a firm operating under a Build, Operate, and Transfer (BOT) contract with the Federal Government of Nigeria. Under his leadership, marine pollution control facilities were successfully installed in:

Lagos Port

Port Harcourt Port

Calabar Port

Warri Port

These facilities aligned with International Maritime Organisation (IMO) conventions, ensuring Nigeria remained in compliance with global environmental standards. The execution of this two-decade-long project was bolstered by the technical partnership with DV Howells of Milford Haven Pembrokeshire, United Kingdom.

A Man of Depth and Passion

Despite his extensive responsibilities, Ahmadu remains grounded. He attributes his success to two personal traits: humility and passion. These have guided his leadership style, earning him trust and respect across public and private sectors.

Outside the professional arena, Ahmadu finds relaxation in strategic board games like chess and watching war documentaries, a reflection of his analytical mind and appreciation for strategy and history.

Conclusion

Ahmadu Fidi Ahmadu is a remarkable figure in Nigeria’s maritime and corporate space—his blend of technical expertise, academic excellence, international exposure, and social responsibility paints the portrait of a visionary leader. As he continues to steer the ship at Waarith Consulting Limited, his legacy of service, integrity, and innovation sets a benchmark for current and future industry leaders.