Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (Transcorp), has announced the appointment of Mr. Muyiwa Akinyemi as an Independent Non-Executive Director, effective April 1, 2026. The appointment will be ratified at the next general meeting of shareholders.
Mr. Akinyemi, a seasoned banking and finance expert, brings more than three decades of leadership experience spanning wholesale and retail banking, investment banking, capital markets, and strategic management within Nigeria’s financial services sector. Before joining Transcorp Hotels, he served as Group Deputy Managing Director of United Bank for Africa (UBA) Plc, overseeing the bank’s Nigeria-wide business operations.
An Associate of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of both the Chartered Institute of Bankers of Nigeria and the Chartered Institute of Stockbrokers, Mr. Akinyemi holds a B.Sc. in Accounting from Obafemi Awolowo University, Ile-Ife. He has completed advanced executive programs at prestigious institutions such as the University of Chicago Booth School of Business, Cambridge University, and Harvard Business School.
Speaking on the appointment, Dr. (Mrs.) Awele V. Elumelu, OFR, Chairman of the Board of Transcorp Hotels Plc, expressed confidence in Mr. Akinyemi’s ability to contribute meaningfully to the company’s strategic expansion. “He is a seasoned executive whose exceptional record of building and scaling financial and business operations across Africa speaks for itself,” she said. “We look forward to benefiting from his counsel and experience.”
The appointment underscores Transcorp Hotels’ commitment to strengthening its governance and leadership as it continues its drive to deliver sustainable value for shareholders and reinforce its position as a leader in African luxury hospitality.
Transcorp Hotels Plc operates some of Africa’s premier properties, including the iconic Transcorp Hilton Abuja and the recently launched Transcorp Centre, a 5,000-seat capacity venue that exemplifies the company’s vision to redefine hospitality standards across the continent.
Transcorp Hotels PLC (TRANSCOHOT) shares are currently trading around
₦203.00 NGN on the Nigerian Exchange (NGX) as of early April 2026. The stock has shown strong performance with a ~50% increase over the past year, reaching highs of ₦208.00 in February 2026. The company operates major hospitality assets, including the Transcorp Hilton Abuja.
Financial Times +5
Key Data (as of early April 2026):
Mr. Akinyemi, a seasoned banking and finance expert, brings more than three decades of leadership experience spanning wholesale and retail banking, investment banking, capital markets, and strategic management within Nigeria’s financial services sector. Before joining Transcorp Hotels, he served as Group Deputy Managing Director of United Bank for Africa (UBA) Plc, overseeing the bank’s Nigeria-wide business operations.
An Associate of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of both the Chartered Institute of Bankers of Nigeria and the Chartered Institute of Stockbrokers, Mr. Akinyemi holds a B.Sc. in Accounting from Obafemi Awolowo University, Ile-Ife. He has completed advanced executive programs at prestigious institutions such as the University of Chicago Booth School of Business, Cambridge University, and Harvard Business School.
Speaking on the appointment, Dr. (Mrs.) Awele V. Elumelu, OFR, Chairman of the Board of Transcorp Hotels Plc, expressed confidence in Mr. Akinyemi’s ability to contribute meaningfully to the company’s strategic expansion. “He is a seasoned executive whose exceptional record of building and scaling financial and business operations across Africa speaks for itself,” she said. “We look forward to benefiting from his counsel and experience.”
The appointment underscores Transcorp Hotels’ commitment to strengthening its governance and leadership as it continues its drive to deliver sustainable value for shareholders and reinforce its position as a leader in African luxury hospitality.
Transcorp Hotels Plc operates some of Africa’s premier properties, including the iconic Transcorp Hilton Abuja and the recently launched Transcorp Centre, a 5,000-seat capacity venue that exemplifies the company’s vision to redefine hospitality standards across the continent.
Transcorp Hotels PLC (TRANSCOHOT) shares are currently trading around
₦203.00 NGN on the Nigerian Exchange (NGX) as of early April 2026. The stock has shown strong performance with a ~50% increase over the past year, reaching highs of ₦208.00 in February 2026. The company operates major hospitality assets, including the Transcorp Hilton Abuja.
Financial Times +5
Key Data (as of early April 2026):
- Share Price: ₦203.00 NGN
- 52-Week Range: ₦119.60 – ₦208.00 NGN
- Market Status: Traded on the Lagos Stock Exchange (NGX)
- Recent Performance: The stock has shown high stability recently, holding at ₦203.00 for several consecutive sessions
