Transcorp Appoints Oliver Andrews as an Independent Non-Executive Director

The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate, has today announced the appointment of Oliver Andrews to the Board, as an Independent Non-Executive Director. Mr Andrews brings over 35 years of experience in infrastructure development, public-private partnerships and strategic advisory working with regional and international institutions, international corporations and DFIs. Mr Andrews most recently served as the Chief Investment Officer at the Africa Finance Corporation (AFC),… Continue Reading

Heirs Insurance, Heirs Life Deliver on Promise to Help Customers Purchase Insurance in Five Minutes

Digital insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), have confirmed that customers are now able to purchase insurance policies from their websites, www.heirsinsurance.com and www.heirslifeassurance.com, in mere minutes. The revolutionary, interactive websites—first of their kind in Nigeria—ensure that customers have access to quick insurance, completing transactions in minutes wherever they are, without any human intervention. This development signals the kick-off of the companies’ ambition to digitalise insurance and provide… Continue Reading

2021 Half Year Results – Positive News for Transcorp Hotels Plc as Revenue increases and the hospitality sector recovers

Transcorp Hotels Plc has announced its un-audited financial statements for the half year ended June 30, 2021. The results published on the Nigerian Exchange Group showed that revenue rose by 84% to N8.4bn from N4.5bn in June 2020, while total assets rose by 5.27% to N119bn from N113bn during the period under review. Shareholders’ funds stood at N61bn, maintaining its year-end 2020 level.  The Company’s results are a testament to its resilience, recording a 97% improvement year-on-year, with a Loss Before Tax of N102 million in HY 2021, compared to N3.5 billion in HY 2020.  “Our performance reflects the… Continue Reading

Fraudulent Bank:GTBank Taken To Court Over Breached Of Agreement, Plaintiff Demands N510 Compensation

GTBank Plc appears to be swimming in murky water of crisis as the bank has been taken to court over an issue bothering on a business idea. A business woman, Kehinde Abiodun alleged that she discussed a food and drinks affair business idea with the officials of the bank, but that she was sidelined by the bank. Abiodun alleged that GTBank unilaterally embarked on the project contrary to an agreement… Continue Reading

Transcorp Hotels Plc launches its new, innovative, first-of its kind digital hospitality platform, “Aura” for accommodation, food and experiences.

Transcorp Hotels Plc launches its new, innovative, first-of its kind digital hospitality platform, “Aura” for accommodation, food and experiences. Aura by Transcorp Hotels is perfect for booking vacation homes, business or holiday lets, and experiences. ·        Aura by Transcorp Hotels is a new platform that connects people to unique accommodation, great food, and memorable experiences ·        Vice President Prof Yemi Osinbajo led the launch of Aura by Transcorp Hotels at The Transcorp Hilton Abuja ·        Aura allows homeowners, hoteliers, restaurateurs and experience providers to earn income… Continue Reading

NCRIB President Endorses Heirs Insurance and Heirs Life Assurance

…Describes Their Entrance as Progressive At the just concluded meeting of the Nigerian Council of Registered Brokers (NCRIB), which was held on Tuesday, July 6, President of the Nigerian Council of Registered Insurance Brokers, Dr. Mrs. Bola Onigbogi endorsed Heirs Insurance Limited (HIL) and Heirs Life Assurance Limited (HLA) describing both companies as progressive with their array of product offerings and promise of excellent service. She said this while welcoming… Continue Reading

Transcorp Hotels to unveil “Aura” in Abuja in an event tagged #TheAuraExperience

Transcorp Hotels Plc., as part of its commitment to continue to redefine hospitality, will on 8th July 2021, host #TheAuraExperience at Transcorp Hilton Abuja, one of its choice properties in Nigeria.   The leading hospitality Company which softly launched Aura by Transcorp Hotels earlier in the year is using the experiential event in Abuja to officially launch the digital hospitality platform, introducing the world to an app that connects them to… Continue Reading

Just Trendy Salon&Spa Sets to open in Lagos

Just Trendy Salon&Spa, a one-stop celebrity beauty palace, is set to open in Lagos. The grand opening of the salon will take place Saturday, 22 May, 2021 at 1, Joseph Odunlami Street, Ogba, Lagos. The classic beauty place is owned by Kemi Aborisade, a beautician of international repute. Simply put, Kemi Aborisade personifies her trade as she has created glamorous look that would make you always want to take second… Continue Reading

Heirs Oil & Gas Announces CEO and Board Appointments

·………Welcomes former senior Shell executive, Osayande Igiehon, as CEO Heirs Oil & Gas (HHOG), the leading African integrated energy company, has announced the appointment of Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience. Heirs Holdings Limited’s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021, in one of the largest… Continue Reading

Transcorp Delivers Across Portfolio, Significantly Increases Electricity Generating Capacity to 2000mw; Launches Transformative Hospitality Products, Advances Integrated Energy Strategy

…….Shareholders salute strong Q1 2021 performance boost of profit by 2,427% ………Transcorp stock held by over 300,000 shareholders demonstrates leadership, resilience and commitment to Nigerian economy Shareholders of Nigeria’s leading diversified conglomerate, Transnational Corporation of Nigeria Plc (“Transcorp”), showed their strong confidence in the Board and management, at the Group’s 15th Annual General Meeting (AGM), which took place this week at the Transcorp Hilton Abuja. The shareholders commended the company… Continue Reading

Q1: UNITED CAPITAL REPORTS A 67% GROWTH IN PAT

United Capital Plc (“United Capital” or “The Group”),Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, announced its Unaudited Financial Statements for the period ended March 31, 2021 on April 28th, 2021, showing a Revenue of N3.12Billion, and Profit Before Tax of N1.97 Billion while delivering an Earnings Per Share of 111 kobo.        United Capital Plc remains a leader in the financial and investment services space, with a mission to… Continue Reading

Transcorp Makes New Appointments to its Board – Announces New Subsidiary Chief Executive Officers

……..Famuyibo and Sambo Become Independent Non-Executive Directors ………Ozoude is MD/CEO of Tran-Afam Power Ltd; and Ikenga is MD/CEO, Transcorp Energy Ltd. The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate a leading investor in the Nigerian energy sector, through the ownership of Transcorp Power Ltd, Trans-Afam Power Ltd, Transcorp Energy and owners of the iconic Transcorp Hilton Abuja has announced the appointments of Mr. Victor Famuyibo and Mallam Ahmadu… Continue Reading

COVID-19 2nd Spike: Easy Sauce and Yvonne jegede collaborate to educate people to cook and stay at home this Valentine season⁰

                            With everyone looking forward to Valentine’s Day, Easy Sauce, the indigenous company known for its savory African sauces and producers of the renowned Obe Sauce, has launched a campaign encouraging Nigerians to stay home instead. This campaign is in light of the second wave of COVID-19 currently spreading across and ravaging the nation. With thousands of people… Continue Reading

Heirs Holdings Significantly Expands Oil and Gas Portfolio

                           Acquires 45% of OML 17 from Shell, Total and ENI   Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent   Estimated Additional 1 billion barrels of oil equivalent of further exploration potential   Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational… Continue Reading

Heritage Bank powers Palm oil entrepreneur with N10m in The Next Titan Season-7

                          Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider, in its continued bid to support Micro, Small and Medium Enterprises (MSMEs), has again empowered the winner of The Next Titan Season-7 with whooping sum of N10million. An entrepreneur, Joshua Joseph Idiong who is the CEO of Josult Oil Processing Company, a palm oil processing company in Akwa… Continue Reading

King Olaide Raises Bar with The Royal Unisex Salon and Spa

  The Royal Unisex Salon and Spa has berth in style to change the face of the Beauty and Cosmetics business. The Royal Salon and Spa is fully loaded with modern beauty and cosmetics equipment, making it a place the stuff of dreams. Located in the heart of Lagos mega city at 46, Isaac John Street, G.R.A Ikeja, The Royal Salon offers a wide range of services like sales of… Continue Reading

EXCLUSIVE: Only you can deposit FX cash into your dom account, says CBN

Did you travel to the UK and urgently need some FX to fund your debit card? Sorry, you now have to return to Nigeria, buy the dollar, pay into your card and return to the UK to continue your shopping. According to an internal memo seen by TheCable, forex cash lodgements into domiciliary accounts can only be done by the account owners. The memo said the new guidelines are necessary… Continue Reading

FBN INSURANCE BROKERS HOSTS WEBINAR TO SENSITISE SMES ON RISK MANAGEMENT AND CYBER SECURITY

FBN Insurance Brokers Limited, a subsidiary of Nigeria’s leading financial services group, FBN Holdings Plc, has announced a webinar to sensitise SMEs on risk management and cyber security. Spearheading discussions at the webinar are seasoned experts on insurance brokerage, cyber security and risk management. The event is themed Risk Management and Business Continuity amidst COVID19 and scheduled for 10:00am on Thursday, 17 September, 2020.  To participate in the event, click here to register. Olumide Ibidapo, MD/CEO… Continue Reading

Heritage Bank to stimulate economic growth with youth empowerment schemes

                    As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective business owners. This, the bank said, is in line with its culture as timeless wealth partners, which would impact positively… Continue Reading

9mobile Rebounds, Increases Market Share

                                   Nigeria’s innovative telecoms company, 9mobile is well and truly on the rebound as latest figures by the Nigerian Communications Commission (NCC) show that the operator is regaining its market share. April figures released in June showed that the number of voice subscribers on the network has risen to 12,568,088 from 12,123,185, indicating that… Continue Reading

FBNHoldings wins World Finance Best Corporate Governance in Nigeria Award 

Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won the 2020 Best Corporate Governance in Nigeria Award by the World Finance. World Finance is renowned for its comprehensive coverage and analysis of the global financial services industry, international business, and the global economy. FBN Holdings Plc is winning this award for the second consecutive year on the back of its strong corporate governance practices and outstanding… Continue Reading

ZENITH GENERAL INSURANCE’S PROFIT BEFORE TAX RISES BY 16% TO N3.67bn

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn while profit after tax rose by 10% up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet closing the year with total assets of N40.1bn and a… Continue Reading

The Time is Now to Invest in Africa and African SMEs, Tony Elumelu Tells Global Investors in Paris

 Tony O. Elumelu, Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA) and Heirs Holdings opened the “Ambition Africa” conference organised by the France Invest Africa Club in Paris, France. As Elumelu delivered the opening address, he urged French investors to look to Africa for long term investment opportunities. The French Minister of Economy and Finance, Bruno Le Maire, as he introduced Tony Elumelu to… Continue Reading

Transcorp Hotels Plc Retains Positive A- (NG) GCR Rating

 Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owner of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, has retained its national scale ratings at A-(NG) and A2(NG) in the long term and short term respectively, with the outlook accorded as Stable. Concurrently, the national scale ratings accorded to the following Issuances were also affirmed:   •       Series 1 N10bn Fixed Rate Bond:    A-(NG), Stable… Continue Reading

Empowering Young African Entrepreneurs: African Presidents, Global Leaders Tackle Job Creation, Youth Empowerment at the 2019 Tony Elumelu Foundation Entrepreneurship Forum

  ……..More than 5,000 participants and 60 speakers across 3 continents converge at the largest gathering of African entrepreneurs 150 SME owners from across 20 African countries exhibit at the UBA Marketplace At the recently concluded 5th edition of the Tony Elumelu Foundation (TEF) Entrepreneurship Forum, five African Presidents and thousands of young African entrepreneurs converged at the most influential gathering in the African entrepreneurship ecosystem. Job creation and youth empowerment… Continue Reading

Zeno Launches First Bus Ride in Lagos

Today, the 1 st of April through the 5th of April, several lucky commuters will get free access On the Zeno experience free bus rides between the Ajah-Lekki-VI axes of Lagos. Zeno, a flagship product from Zeno Digital Limited – an indigenous technology firm in Nigeria – is seeking to change the narratives of the daily commuters through organized mass Transportation while also leveraging shared economies. This service will be… Continue Reading

Transcorp Group Unveils Strategy to Drive 2019 Projections

Targets Cost Management Initiatives to Drive Hospitality Business, Others Transcorp Power positions to maintain power generation lead in Nigeria by increasing its generation capacity    Nigeria’s leading conglomerate, Transnational Corporation Plc has set strategies to maintain the strong business performance displayed in the recently released 2018 year-end results. The company articulated its robust growth projections for the year 2019 at its Facts Behind the Figures presentation which held on Tuesday, March… Continue Reading

Tony Elumelu Foundation to Launch World’s Largest Digital Platform for African Entrepreneurs at TEF Forum 2018  

Africa’s leading entrepreneurship focused philanthropy, The Tony Elumelu Foundation, is launching the world’s largest digital platform for African entrepreneurs and the African entrepreneurship ecosystem –  TEFConnect.  TEFConnect will officially be unveiled at this year’s TEF Forum, taking place on October 25, 2018, at Federal Palace Hotel, Lagos, Nigeria.   Harnessing and building on the success of Africa’s largest entrepreneurship catalyst, the Tony Elumelu Foundation Entrepreneurship Programme, which has attracted over 300,000… Continue Reading

Transcorp Appoints Owen Omogiafo as Executive Director:

Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerates, has appointed Mrs. Owen Omogiafo as an Executive Director with effect from July 1, 2018. She will in her new role support in driving and delivering on Transcorp’s strategic ambitions as the conglomerate continues to fulfil its special mission of lighting homes, schools, and hospitals in Nigeria, powering the country’s industrialisation process, and hosting local and foreign investors in… Continue Reading

K1 On 10 Days Medicals Trip To Canada

..To Visit Home Months  After Demise Of Daughter Wasilat King of Fuji Music, Alhaji Wasiu Ayinde Marshall is right now in Canada on a 10-days medical trip. This is coming on a first visit back to Canada after he lost his daughter Wasilat few months ago. The medical trip was long overdue after a corrective surgery he first underwent for lungs.  K1 will in few days be ready to be… Continue Reading

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