TRANSCORP wins bid for power plant   

May 3 (Lagos) - Transnational Corporation of Nigeria Plc ( TRANSCORP ) led consortium won the bid for Afam Power Plc for N 105.3 billion. 

Quest Electricity won the bidding for a 60 percent stake in Yola Electricity Distribution Plc with a bid of 19 billion naira. 

TRANSCORP posted decline in profit in its Q1 result released last week. Shares rallied yesterday on high volume on this news and closed the day higher by almost 10% at N 1.22 per unit. 

reporting for on Thursday, May 2 2019 from Lagos, Nigeria
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