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The stage is set for Wednesday night, as winners of the UEFA Champions League, Real Madrid, will meet UEFA Europa League winners, Atalanta, in Warsaw in the latest edition of the UEFA Super Cup final.

Both teams will aim to see who comes out on top as the King of Europe.

Real Madrid won the UEFA Champions League trophy last season after beating Borussia Dortmund in the final, thanks to goals from Dani Carvajal and Vinicius Junior.

Atalanta, on the other hand, won the UEFA Europa League trophy after beating Bayer Leverkusen in the final, thanks to Ademola Lookman’s hat-trick.

Ahead of Wednesday’s showdown, both teams look quite different compared to last season.

Real Madrid have already lost two key players, Toni Kroos and Nacho Fernandez this summer. Kroos retired from football following the conclusion of Euro 2024 in Germany, while Nacho left Santiago Bernabeu for Saudi Pro League.

Real Madrid’s experienced defender, David Alaba is expected to miss the game as he is currently recovering from a lengthy ACL injury.

However, Carlo Ancelotti’s side have strengthened their squad with new arrivals like Kylian Mbappe and Endrick as they will hope to lead the LaLiga champions for an unprecedented sixth UEFA Super Cup honour on Wednesday in Poland.

Real Madrid head to the game after losing two out of their last three matches against AC Milan, Barcelona and Chelsea.

For Atalanta, Wednesday’s UEFA Super Cup final will be their first in the history of the club.

Gian Piero Gasperini’s men finished fourth-place in the Serie A last season.

They currently have an injury blow in their attack line as striker, Gianluca Scamacca tore his ACL during a preseason friendly.

Scamacca will miss at least six months with the injury now putting more pressure on Lookman leading the attack for the Serie A side.

Atalanta have made some marquee attacking signings like Charles De Ketelaere, Mateo Retegui, Ben Godfrey, Nicolo Zaniolo and Ibrahim Sulemana.

However, they head to the game after losing three out of their last four matches against AZ Alkmaar, Fiorentina, Parma and FC St. Pauli.

Speaking with DAILY POST on Monday, Stanley Smart, a Sports Analyst, gave his view on the UEFA Super Cup final.

He also singled out four players to shine during the encounter.

“Well, I expect a tough and a close match in Warsaw because it is a final,” Smart told DAILY POST.

“Both teams did not really impress in their pre-season matches but I think if you compare the performances of the two teams during pre-season, you would agree with me that Madrid were quite better in terms of their display.

“Having said that, I expect to see an attacking football with high intensity from both teams.

“Both teams have sharp forwards with pace. I expect the likes of Ademola Lookman, Kylian Mbappe, Vinicius and Rodrygo to shine. It would be a proper final match,” he added.

When asked to give his prediction, Smart simply said, “2-1” in favour of Madrid.

DAILY POST reports that the kick-off time for the UEFA Super Cup final is 8 pm.

[DailyPost]

 
Tuesday, 13 August 2024 09:37

Gospel singer, Aduke Gold dies

Gospel singer Ajayi Aduke Morounkola popularly known as Aduke Gold is dead. 

A popular colleague, Esther Igbekele, confirmed her demise in the early hours of Tuesday, August 13.

She said on her verified Facebook page: “A GENERAL HAS FALLEN. ADUKE GOLD 

The cause of her death remains unclear as at time of filing this report.

The Ilesha-born singer was initially known as Aduke Penkele

 

She grew up in Ogba and Badagry areas of Lagos and was from a polygamous home. 

 

She was the 11th child of her late parents. 

Aduke Gold came to stardom with her live performance at the first remembrance of the late gospel artiste, Baba Ara. 

Professionally, she started music in 2004.  

One of her famous track “Nitori Ogo” which she released in 2021 also brought her into limelight. 

Apart from music, she was a child educator with a passion for teaching young children. 

Aduke was a graduate of history and international relations from Lagos State University. 

She also had her second degree in Early Childhood Education from the University of Lagos.

[TheNation]

 

Independent petroleum marketers in Nigeria are hoping that the Dangote Petroleum Refinery will sell its Premium Motor Spirit, popularly called petrol, at N600 or N650/litre when it is finally released into the market.

Dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria said they believe that the Dangote refinery would crash the price of petrol as it did with diesel.

IPMAN National Vice President, Hammed Fashola, told our correspondent in an interview on Monday that the $20bn refinery would bring down the cost of fuel if it gets the needed support, especially as it has to do with crude supply.

According to him, the Nigerian National Petroleum Company Limited, which is the sole importer of PMS has been selling to marketers at N570/litre, but most IPMAN members buy from private depot owners at N700 and above. 

“We are marketers, we go for the best. We have been buying from the NNPC, but if the opportunity of Dangote comes and the price is favourable, we will grab it. It depends on the price.

“The official price from the NNPC is around N570/litre, but the third parties, the private depots sell PMS to most of our members at N700 and above.

“Plus or minus, we hope Dangote can sell between N600 and N650/litre. N600 is still okay. However, it depends on the cost of the production from Dangote’s end. We have to be factual and sincere to ourselves. The NNPC we are talking about has an element of subsidy or what they now call under-recovery. I think something is hidden there,” Fashola stated.

 

Speaking about diesel price, Fashola recalled, “We know Dangote refinery crashed the price of diesel. When the refinery started producing, diesel was around N1,600 and it went down to N1,000.

“Now you can buy diesel at N1,150 or N1,200/litre. We expect the same with PMS, but this crude crisis is a major challenge. Even if Dangote is buying crude in naira, if it is at the international market price, it will make no difference. We have to be realistic.”

The IPMAN leader said the association has had business discussions with some officials of the refinery on a possible partnership, saying the marketers are waiting for Dangote.

“The discussion continues. We are on course. I think very soon we will conclude the discussion. We are waiting,” he stated.

The PUNCH recalls that the President of the Dangote Group, Alhaji Aliko Dangote, had last month projected that the refinery would begin the production of petrol between August 10 and 12, 2024.

However, the 650,000 barrels per day capacity refinery could not roll out petrol on Monday for different reasons.

Findings showed that the ongoing crude supply crisis might be a setback to the refinery.

[Punch]

In the aftermath of the recent nationwide hunger protests, the prices of cooking gas and food items have skyrocketed in Kaduna.

Prices of goods such as provisions, grains and other staple food items are rising steadily in markets and shops across the board.

Checks by a News Agency of Nigeria’s Correspondent on Monday in Kaduna showed that the prices of food items like rice, beans, yams, garri (cassava flake) and noodles had gone up about the fourth time in 2024 alone.

For instance, a kilogramme of cooking gas which was selling for between N 1,100 and N1,120 in July now goes for N1,400 at some gas stations within the Kaduna metropolis.

 

At the Sheikh Abubakar Gumi market, Kaduna’s central market, a 50kg bag of foreign rice, which was sold for about N79,000 before the protests, was now being sold for between N86,000 and N90,000.

Also, yams, which only a few weeks ago were sold for N5,000 per tuber, now go for N7,000 per tuber and N28,000 for a set of five.

A local measure of eight cups of beans, previously sold for between N2,000 and N2,500, now sells for N3,500 while a measure of garri,

previously N1,300, was now being sold for between N1,400 and N1,500.

A carton of Indomie noodles previously sold at N7,500 has gone up to N7,700 while a basket of Irish potatoes, sold previously at between N5,000 and N5,500, now sells for N6,000 per basket.

Some traders said they had to increase the prices of food products due to the increase in the cost price at the depots and places where they purchased the items.

However, others highlighted the difficulty in transporting the products to the markets and the scarcity of some of the food items.

A trader, Esther James, who sells food items, said: ”For instance, I don’t sell eggs in bits anymore. I sell an entire crate at N4,400. If I sell singles, I may sell short.

”The Indomie (noodles) used to be N7,500. I now buy it at that amount but I have to make gains somehow, that’s why there is an extra N200.

 

”The super pack is N17,000 now. And I don’t give a discount; it used to be about N15,000. So, this is why the price is high.”

A visit to the Kasuwan Bacci market equally revealed significant price hikes; with a measure of white beans selling for N2,600, up from the previous N2,500.

Other varieties of beans were however being sold for N2,800 and N3,000 per measure.

Sani Jabo, an onion seller, was selling three onion bulbs for N500, a price that has left customers deeply concerned.

Meanwhile, a paint bowl of Irish potatoes was being sold for N4,000, while a tuber of new yam goes for N4,000.

The cost of pepper had also risen, with a small basket of red pepper selling for N1,300.

Some of the residents lamented the hike in the prices of food items and other essential commodities.

According to them, the prices of the items had skyrocketed by about 50 per cent, leaving them in a state of economic quagmire in the face of economic hardship and the low value of the Naira.

A resident, Mrs Amina Idris, said, “After the hunger protests, the costs of food items have increased in the markets.

”This is because what we used to buy with N5,000 or N10,000 is now what we spend over N15,000 to buy today.”

An artisan, Namoh Stephen, said, “Most of us depend on our daily incomes and we find it difficult to buy foodstuffs that can last for even two days.

“The Naira has no much purchasing power, with the increase in the prices of food items, what N1,000 will buy is nothing compared to when things were not as bad as now.”

NAN.

Iran on Tuesday rejected Western calls to stand down its threat to retaliate against Israel for the killing of Hamas political leader Ismail Haniyeh in Tehran late last month.

The Islamic Republic and its allies have blamed Israel for Haniyeh’s killing on July 31 during a visit to the Iranian capital for the swearing-in of President Masoud Pezeshkian. Israel has not commented.

Iran has vowed to avenge the death, which came hours after an Israeli strike in Beirut killed a senior commander of Hezbollah, the powerful Iran-backed militant group in Lebanon.

Western diplomats have scrambled to avert a major conflagration in the Middle East, where tensions were already high due to the Israel-Hamas war in Gaza. 

In a statement on Monday, the United States and its European allies urged Iran to de-escalate.

“We called on Iran to stand down its ongoing threats of a military attack against Israel and discussed the serious consequences for regional security should such an attack take place,” said the joint statement from Britain, France, Germany, Italy and the United States.

The White House warned that a “significant set of attacks” by Iran and its allies was possible as soon as this week, saying Israel shared the same assessment.

The United States has deployed an aircraft carrier strike group and a guided missile submarine to the region in support of Israel.

Iran’s foreign ministry spokesman Nasser Kanani criticised the Western call for it to de-escalate.

“The declaration by France, Germany and Britain, which raised no objection to the international crimes of the Zionist regime, brazenly asks Iran to take no deterrent action against a regime which has violated its sovereignty and territorial integrity,” he said in a statement.

“Such a request lacks political logic, flies in the face of the principles and rules of international law, and constitutes public and practical support” for Israel.

•⁠ ⁠Call for ‘unfettered’ aid –

The United States and its European allies also called for a ceasefire between Israel and Hamas in Gaza, with difficult talks set for Thursday on halting the conflict.

They also called for the “unfettered” delivery of aid to devastated Gaza.

The Gaza war began with Hamas’s October 7 attack on southern Israel which resulted in the deaths of 1,198 people, mostly civilians, according to an AFP tally based on Israeli official figures.

Militants also seized 251 people, 111 of whom are still held captive in Gaza, including 39 the military says are dead.

 

Israel’s retaliatory military offensive in Gaza has killed at least 39,897 people, according to a toll from the territory’s health ministry, which does not provide a breakdown of civilian and militant deaths.

International mediators have invited Israel and Hamas to resume negotiations this week on a ceasefire and hostage release deal, an invitation Israel has accepted.

Hamas has urged mediators to implement a truce plan earlier presented by US President Joe Biden instead of holding more talks.

Analyst Esfandyar Batmanghelidj said Iran was considering how to retaliate against Israel without derailing the ceasefire talks.

“The renewed push for a ceasefire offers Iran a way out of this escalatory cycle,” Batmanghelidj, CEO of the Bourse & Bazaar Foundation think-tank, told AFP.

“Iranian officials still feel obliged to hit back at Israel, but they must do so in a way that doesn’t derail the prospects for a ceasefire summit.”

•⁠ ⁠West Bank violence –

Pressure for a ceasefire in Gaza has grown since civil defence rescuers in the Hamas-run territory said an Israeli air strike on Saturday killed 93 people at a school housing displaced Palestinians.

Israel said it targeted militants operating out of the school and mosque.

In the latest Gaza violence, Palestinian fighters clashed overnight with the Israeli army near Netzarim, south of Gaza City, an AFP correspondent reported.

Paramedics said one person was killed and others were wounded in Israeli bombing of the Al-Maghazi refugee camp in central Gaza. They were taken to Al-Aqsa Martyrs Hospital in the city of Deir el-Balah.

In the occupied West Bank, the Palestinian health ministry said Israeli forces shot dead a Palestinian man near the town of Azzun, east of Qalqilya, on Monday.

The Ramallah-based health ministry identified him as Tariq Ziad Abdul Rahim Daoud. The Israeli army said the alleged attacker had fired at an Israeli civilian in Qalqilya.

Hamas later issued a statement mourning the death of Tariq Daoud, saying he was a member of its armed wing.

A Palestinian prisoners watchdog said on Tuesday that the 18-year-old had been released on November 25 during a one-week truce that saw scores of Palestinians freed from Israeli jails in exchange for Israeli hostages held in Gaza since October 7.

AFP

The Professional Footballers’ Association (PFA) has unveiled its nominees for the Players’ Player of the Year and Young Player of the Year, with Manchester City’s trio of Erling Haaland, Phil Foden, and Rodri on the list.

Chelsea’s Cole Palmer, who joined the club from Manchester City at the start of last season, makes the list. 

The Young Player of the Year nominees were also released, with Palmer also making the list once again, alongside Bukayo Saka and United’s Kobbie Mainoo.

The Women’s PFA Player’s Player of the Year was dominated by Chelsea and Manchester City players, with both clubs having three nominees each.

SEE FULL LIST

Men’s PFA Players’ Player of the Year nominees

Phil Foden (Manchester City), Erling Haaland (Manchester City), Martin Ødegaard (Arsenal), Cole Palmer (Chelsea), Rodri (Manchester City), and Ollie Watkins (Aston Villa).

Men’s PFA Young Players’ Player of the Year nominees

Alejandro Garnacho (Manchester United), Cole Palmer (Chelsea), Kobbie Mainoo (Manchester United), Michael Olise (Crystal Palace), Bukayo Saka (Arsenal), and João Pedro (Brighton and Hove Albion). 

Women’s PFA Players’ Player of the Year nominees

Niamh Charles (Chelsea), Erin Cuthbert (Chelsea), Yui Hasegawa (Manchester City), Lauren Hemp (Manchester City), Lauren James (Chelsea), and Khadija Shaw (Manchester City).

Women’s PFA Young Players’ Player of the Year nominees

Aggie Beever-Jones (Chelsea), Grace Clinton (Tottenham Hotspur), Lauren James (Chelsea), Khiara Keating (Manchester City), Maya Le Tissier (Manchester United), and Jess Park (Manchester City).

[Vanguard]

He recently marked his 65th birthday. Precisely on 14th July, 2024, having been born on the same date in 1959. Prince Nduka Obiagbena has certainly changed the tune.

Today, I celebrate my good friend Obiagbena, a visionary man of excellence, a trailblazer in the realm of Nigerian journalism and a true pan-Nigerian patriot. As the founder, Chairman and Editor-in-Chief of ThisDay Media Group and ARISE News Channel, Prince Obaigbena has left an indelible mark on the landscape of Nigerian media and beyond. His latest innovation Arise Television threatens to pull the rug from the feet of globally respected CNN.

Born into the royal family of Owa Kingdom, Delta State, Obiagbena attended Edo College, Benin City; the University of Benin; the University of Witwatersrand, Johannesburg; and the Advanced Management Programme at the University of Cape Town.

Prince Obaigbena’s journey into journalism began with a profound commitment to innovation, and a relentless pursuit of truth and excellence. Not many Nigerians know that Nduka was a fledgling cartoonist in one of the students’ journals at his then University of Benin where he used the pseudonym “Lekeleke”. Not many Nigerians also know that before founding This Day, he had founded ThisWeek magazine which debuted in the 80s and became the flagship magazine in Nigeria. I should know this because I was the legal adviser to the magazine and the Duke himself at their then Ogunlana, Surulere, Lagos location. I should also know this because I had handled many of their top cases, including one defamation case against the late respected Prof. Tam David-West, a case that landed me in the DSS gulag in April, 1986 (38 years ago), at the DSS’s Awolowo road, Ikoyi, Lagos office. Not many Nigerians also know that the Duke’s restlessness and incredible ambition had seen him being the Nigerian correspondent to two of the most respected international publications, the NewsWeek and Time magazines, earning good dollars at a time many of his peers were just comfortable with white collar jobs that came with accommodation and a car as soon as they finished from the University. Nduka’s creation of ThisDay in 1995 therefore marked the dawn of a new era in Nigerian print journalism, showcasing his remarkable talents. ThisDay quickly distinguished itself with its bold, investigative reporting, comprehensive coverage of national and international events and sheer dedication to high-quality journalism. Under his able leadership, ThisDay has not only continued to entertain and inform; but it has also been shaping public opinion, building national institutions and bridges of understanding, holding leaders accountable and responsible to the Nigerian people; and giving voice to the voiceless.

 

By 2013, Prince Obaigbena, a former President of the Newspapers Proprietors Association of Nigeria (NPAN) had looked beyond the print media and expanded his media reach and influence with the launch of ARISE News Channel. This 24-hour international news channel has become a beacon of accurate and unbiased reporting, offering a fresh African perspective on global news. ARISE News has bridged gaps between continents, highlighting the stories that matter from Africa to the world and vice versa. The Duke has shown an uncanny penchant for innovation, breaking new grounds and introducing new formats and platforms into the Nigerian media space, including ThisDay Music Festival.

Beyond the pages of newspapers and television screens, Prince Obaigbena’s contributions to journalism are also evident in his commitment to nurturing talents and fostering innovation. He has provided platforms for young journalists to grow and hone their skills. He has consistently pushed for advancement in media technology and practices, ensuring that Nigerian journalism remains competitive on the global stage.

The Duke’s impact extends to his sustained advocacy for press freedom and a determination to create a more informed and enlightened society. Obiagbena has not only elevated the standard of journalism in Nigeria, but has also inspired a new generation of journalists to pursue their individual craft with passion and integrity.

 

In the field of philanthropy and humanitarianism, Prince Obaigbena’s contributions to various causes run into billions of naira. He ensures that his contributions which are usually not advertised focus on his pet areas of the media, education, healthcare and social development. Here are some notable aspects of his philanthropy:

1. Media and Journalism: Through his media enterprises, Nduka has been instrumental in promoting freedom of the press and supporting investigative journalism in Nigeria and beyond.

2. Education: Obaigbena has supported educational initiatives, providing countless scholarships and funding for educational programs to help underprivileged students gain access to quality education.

3. Healthcare: Nduka has contributed to healthcare projects, supporting medical facilities and initiatives aimed at improving healthcare delivery in derserving communities.

 

4. Social Development: The Duke has been involved in various social development projects, including those aimed at poverty alleviation, community development and empowerment of marginalized groups.

5. Cultural Promotion: Nduka has also supported cultural initiatives and awareness, promoting African arts, culture and heritage through sponsorship of various events and media coverage.
His philanthropic endeavours reflect his commitment to leveraging his influence and resources to drive positive change in society. As we celebrate Prince Nduka Obaigbena’s 65 years on mother earth, we honour this grey-bearded man’s unquantifiable contributions to journalism; his unwavering dedication to the truth; his visionary leadership; and his rare sense of patriotism. His legacy is a testament to the power of the pen in shaping societies and the enduring importance of a free and independent press.

Happy Birthday, Nduka, the prince of Owa Kingdom and the Duke of journalism, May your journey continue to inspire and illuminate dim paths for all in many years to come. Amen.

 

Bello Matawalle, minister of state for defence, says many African countries now purchase arms and ammunition from the Defence Industries Corporation of Nigeria (DICON).

Matawalle spoke on Monday in Abuja during the 60th anniversary of DICON and launch of the maiden Africa defence industries conference.

In November, President Bola Tinubu assented to the DICON Bill, 2023.

DICON was founded in 1964 to enhance national security by reducing dependence on foreign arms.

 

Matawalle said despite industry challenges, DICON is committed to independence and has the capacity to produce military vehicles and artilleries.

“DICON’s journey began with a modest start, focusing on the production of small arms and ammunition,” he said.

“Over the years, DICON has expanded its capabilities, venturing into the manufacture of military vehicles, artillery, and other defence equipment.

 

“Despite facing challenges, DICON persevered, driven by its commitment to self-reliance and national security.

“DICON’s 60-year journey is a testament to Nigeria’s commitment to self-reliance in defence production.

“But we assure you that we have the capacity, we can produce, and as you know, many countries, many African countries now are coming to DICON for the procurement of arms and ammunition.”

Ibrahim Kana, permanent secretary in the ministry of defence, said it is now compulsory for all security agencies to procure their arms and ammunition from DICON.

 

Kana said in the next two years, Nigeria will no longer import certain types of ammunition.

“I can assure each and every one of us, in the next two years, Nigeria will not buy 7.62mm calibre ammunition again,” he said.

“The Public Procurement Act also supports local production, not only military-industrial companies but any goods that are produced in Nigeria.

“All procuring entities in the country have been mandated to put it as a first line before importation.

 

“The law now makes it mandatory for us in the ministry of defence, the national security advisers office, ministry of interior, police affairs and all other security organisations in Nigeria… if you are procuring any arms or ammunitions using government funds, you have no rights to go and procure abroad unless we did not have any money in Nigeria.”

[TheCable]

International Breweries Plc, an alcoholic beverage maker in Nigeria, has appointed Chijioke Nkechinyere Ugochukwu as its new Independent non-executive director, effective July 25, 2024.

 

According to a recent statement, Ugochukwu is a Chartered Director and Fellow of the Institute of Directors (IoD), United Kingdom, and of the CIoD Nigeria as well as a Fellow of the Chartered Institute of Bankers Nigeria (CIBN).

“She has spent 34 years in the Board room and is presently an Independent Director with Access Pensions Limited and with Consolidated Hallmark Holdings Plc as well as a NonExecutive Director with Chams Holdings Plc and Card Centre Nigeria Limited,” the statement said.

In addition, she serves on several committees and councils of the CIoD Nigeria, the CIBN, and the Lagos Business School (LBS) and is a member of the Board of Governors of the Babington Macaulay Seminary.

 

Ugochukwu was the executive director of shared services & products and chief information officer at Fidelity Bank Plc. She holds a Bachelor of Laws (LL.B Hons.) degree from Obafemi Awolowo University, Ile-Ife, and a Barrister at Law (BL) from the Nigerian Law School.

“She also holds a Master of Business Administration degree from IESE/University de Navarre, Barcelona,” it added.

The new non-executive director has attended several Executive Education programs globally at the Institute of Directors UK, the Institute of Management Development (IMD), Massachusetts Institute of Technology (MIT), Harvard Business School, Stanford Graduate School of Business, Oxford Said Business School, The Wharton School and Columbia Business School amongst others. She also facilitates Business Ethics and Women in Leadership classes at the Lagos Business School.

[Businessday]

Key Points


  • Owen Omogiafo, 44, is President and Group CEO of Transcorp Group, holding a $4 million stake in Transcorp Power Plc.
  • Under Omogiafo’s leadership, Transcorp Group’s revenue surged 114% YoY in H1 2024, reaching $110 million.
  • Omogiafo is recognized as one of Africa’s top 100 women in leadership, influencing various sectors beyond corporate success.

Nigerian business executive, Owen Omogiafo, exemplifies exceptional leadership. She has not only shattered glass ceilings and accumulated significant wealth but also reshaped the narrative of leadership and success for women in Africa.

At 44, Omogiafo is the President and Group CEO of Transcorp Group and holds a stake worth over $4 million in Transcorp Power Plc, a company she has played a crucial role in steering toward remarkable growth.

Career spanning over two decades

Omogiafo’s ascent to prominence reflects her extensive experience and expertise across diverse sectors, including financial services, hospitality, and energy.

With a solid educational foundation—earning a bachelor’s degree in Sociology and Anthropology from the University of Benin and a Master’s in Human Resource Management from the London School of Economics & Political Science—Omogiafo has shaped a distinguished career over the past two decades.

Her professional journey is highlighted by pivotal roles that paved the way for her current leadership position. She began her career at Accenture as an Organization and Human Performance Consultant, where she specialized in Change Management.

Omogiafo further refined her skills in human capital management while serving as the HR Advisor to the Group Managing Director at the United Bank for Africa Plc. She later assumed a leadership role as Director of Resources at Heirs Holdings, a Pan-African investment company, where she solidified her reputation as a strategic thinker and transformative leader.

Owen Omogiafo leads Transcorp Group to new heights

Owen Omogiafo’s rise to the helm of Transcorp Group—a diversified conglomerate with interests in hospitality, oil & gas, and power—has been truly groundbreaking. As both the first female and the youngest leader in the group’s history, her impact has been profound.

Under her leadership, Transcorp has not only grown but thrived, becoming the 18th most valuable listed company on the Nigerian Exchange (NGX) with a market capitalization of $283 million. The group’s total assets stand at $390 million, with retained earnings of $60 million as of June 30, 2024.

In H1 2024, the company’s revenue soared by 114 percent year-over-year, totaling $110 million and far exceeding investor expectations. This surge is largely driven by its energy unit’s exceptional performance, which has been a key factor in the group’s impressive financial results.

Owen Omogiafo’s $4 million stake in Transcorp Power revealed

One of Omogiafo’s standout achievements is her pivotal role in the spin-off and subsequent listing of Transcorp Power Plc, a key subsidiary of Transcorp Group. The decision to list Transcorp Power has proven exceptionally lucrative, with the company’s market capitalization soaring to $1.74 billion.

Since its debut on the NGX on Mar. 4, Transcorp Power’s share price has surged by more than 41 percent, underscoring robust investor confidence and the company’s impressive performance amidst a challenging economic landscape.

Demonstrating her confidence in the company’s future, Omogiafo holds a 0.23 percent stake in Transcorp Power, valued at over $4 million. This investment underscores her position as one of Nigeria’s wealthiest executives and one of the richest female leaders in the country.

Owen Omogiafo: Beyond corporate success

Beyond her corporate achievements, Owen Omogiafo’s influence extends to various boards and advisory roles. She serves on the boards of several notable companies, including Afriland Properties, Transcorp Power, TransAfam Power, and Abuja Electricity Distribution Company. Additionally, she plays a pivotal role on the Advisory Board of Heirs Academy and is the Vice President of the Lagos Business School Alumni Association.

Omogiafo’s leadership and achievements have not gone unnoticed. She has been recognized as one of Africa’s top 100 women in leadership and one of the 100 Most Influential African Women, highlighting her significant contributions to the business world and her role as a trailblazer for women across the continent.

[billionaires.africa]