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Tag: Transcorp

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Transcorp’s H1 pre-tax profit falls 11.45% to ₦75.9bn

Transnational Corporation Plc has released its H1 2026 results for the period ended June 30, 2026, reporting a pretax profit of N75.9 billion, representing an 11.45 per cent year-on-year decline from N85.7 billion in H1 2025. The decline in H1 pretax profit was driven in part by a weaker second-quarter performance. Q2 pretax profit fell […]

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Transcorp, DMO, MTN win at NGX ‘Made of Africa’ awards

Transnational Corporation Plc, the Debt Management Office, and MTN Nigeria Communications emerged as major winners at the 2025 Made of Africa Awards organised by the Nigerian Exchange Group. The awards ceremony, announced on Thursday, celebrates institutions and individuals who promote excellence and strong performance in Nigeria’s capital markets. The recognition covers brokers, issuing houses, trustees, […]

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Transcorp eyes diversification to boost revenue

The Managing Director\Chief Executive Officer, Transcorp Hotels Plc, Dupe Olusola, said that the company intends to diversify its services to increase its revenue growth in 2024 and beyond. This follows Transcorp Hotel’s recent divestment of its 100% interest in Transcorp Hotels Calabar Limited to Eco Travels and Tours Limited, an indigenous hospitality company. This was […]

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Transcorp Hotels divest interest in Calabar subsidiary

Transcorp Hotels plc, the hotel subsidiary of Transnational Corporation plc, announced that it had sold its 100% shareholding in Transcorp Hotels Calabar Limited to Eco Travels and Tours Limited, an indigenous hotel operator. This disclosure was made in a notice, the company filed with the Nigerian Exchange Limited on Thursday. In the statement signed by […]

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap
Business

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap

A hospitality subsidiary of Transnational Corporation Plc, Transcorp Hotels Plc, is Nigeria’s first hospitality organization to cross the N1 trillion market capitalization threshold, admitting it to the SWOOTs (Stocks Worth Over One Trillion) club. Transcorp Hotels Plc (TRANSCOHOT) gained 7.24% at the NGX on Wednesday, January 10, 2023, to close at a share price of N100, bringing […]

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap
Business

Transcorp Hotel, tech firms record highest returns

Transcorp Hotels Plc provided investors with a higher return on investment in terms of capital gain in 2023 when compared to other companies listed on the Nigerian Exchange Limited. According to The PUNCH, the hospitality/tourism industry began the year at N6.25 per unit and completed the year at N70.18 per share. This amounted to a […]

NGX Group reports N5.2bn after tax
Business

Multiverse, Transcorp top gainers chart as ASI crosses historic 73,000 mark

The NGX extended its bullish run today, gaining 1.28% as the All-Share Index finished at a fresh all-time high of 73,397.71 points. According to The Times, equities gained N508 billion as the market capitalization surpassed N40 trillion for the first time, ending at N40.164 trillion. Multiverse and Transcorp lead the gainers’ chart with 10% gains […]

Transcorp power enlisted on Nigerian Exchange main board
Business

Transcorp to hit 2,000 megawatts Q4 2023 – Report

Transcorp Group’s Group Chief Executive Officer, Owen Omogiafo, disclosed a tenacious pursuit to boost available power capacity to 2,000 megawatts by year’s end. According to Nairametrics, Omogiafo acknowledged the prior transmission and gas issues in an interview with Arise News on 21 August but emphasized the remarkable turnaround seen in Transcorp’s power business in the […]

Transcorp director Helen Iwuchukwu steps down
Business

Transcorp director Helen Iwuchukwu steps down

Transcorp Hotels Plc’s Board of Directors has announced Helen Iwuchukwu’s resignation as Non-Executive Director. According to Nairametrics, this information was provided in a corporate action that was submitted to the Nigerian Exchange and retrieved by Nairametrics. An excerpt from the formal announcement, which was signed by the acting group company secretary, Funmi Olofintuyi, is provided below: The Board […]

Transcorp power enlisted on Nigerian Exchange main board
Business

Transcorp’s revenue hits 31% increase, jumps to N82bn

Transnational Corporation Plc, an indigenous conglomerate, has revealed that it experienced remarkable development across all key indices and that its revenue for the first half of 2023 increased by 31%. In a report on its condensed consolidated financial statements, it said: Transcorp, which has investments in the oil, hospitality, and power industries, reported revenue of […]

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Elumelu’s firm acquires 70m units of UBA shares

A private equity firm, HH Capital, founded by a Nigerian billionaire and the chairman of the Board of Directors of United Bank for Africa, Tony Elumelu has acquired 70 million units of shares of UBA. According to The Punch, the acquisition was disclosed through a corporate filing made on Wednesday on the Nigerian Exchange Limited. […]

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