Transcorp Power Plc has proposed the appointment of Mrs. Maryam Bala Shehu as an Independent Non-Executive Director, subject to approval by the Nigerian Electricity Regulatory Commission (NERC).
The proposed appointment was disclosed in a notice to the Nigerian Exchange Limited (NGX) and the investing public dated September 2, 2026, and signed by the Group Company Secretary, Atinuke Kolade.
According to the company, the appointment is being made in line with the provisions of the Companies and Allied Matters Act (CAMA) 2020 and the company’s Articles of Association.
Transcorp Power said Shehu brings nearly three decades of experience in the energy sector and extensive expertise in corporate governance, finance and board leadership.
If approved, Shehu will join the board after more than two decades in senior leadership positions across TotalEnergies E&P subsidiaries in Nigeria, as well as a secondment to Nigeria LNG Limited (NLNG).
Shehu is a senior executive, governance professional and board leader with close to 30 years of experience in the energy industry.
She has served as a Board Member and Alternate Board Member of the Gas Aggregation Company of Nigeria (GACN) and has held finance, audit and governance oversight roles within the NLNG Group and Brass LNG entities.
She holds an MBA from IESE Business School, University of Navarra, Spain, in partnership with Lagos Business School, and a Bachelor’s degree in Accounting from Ahmadu Bello University, Zaria.
She has also completed executive and postgraduate programmes at Stanford University and Middlesex University and is currently pursuing ESG certification through Boardroom Africa.
The proposed appointment comes after Transcorp Power reported resilient financial performance for the first half of 2026 despite a moderation in earnings.
Despite the earnings slowdown, the company declared an interim dividend of N1.50 per ordinary share, subject to applicable withholding tax and regulatory approvals.
Transcorp Power delivered a strong full-year 2025 performance, with revenue rising 30% to N398.27 billion.
The company also benefited from disciplined financial management and continued debt reduction efforts.
