Records accelerated PBT growth of 671% Hospitality subsidiary, Transcorp Hotels, returns to profitability amidst the Covid-19 pandemic Nigeria’s leading and largest listed diversified conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the third quarter ended September 30, 2021, indicating sustained growth in 2021 as seen in the first two quarters of year. With strategic investments in the Power,…
Transcorp Hotels Plc. (the “Company” or the “Group”), (Bloomberg: TRANSCOH:NL; Reuters: TRANSCOHOT.LG), owner of Transcorp Hilton Abuja, Transcorp Hotels Calabar and Aura by Transcorp Hotels, has announced its unaudited Q3 results showing 115 percent growth in revenue year-on-year (YoY) to N14.6 billion and a gross profit growth of 149 percent to N10.8 billion, leading to…
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…
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…
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…
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…
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…
…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…
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…
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…
