ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Finance

Transcorp assures Stakeholders of superior value delivery

Business 360 by Business 360
March 28, 2019
in Finance
0
Transcorp assures Stakeholders of superior value delivery

The President /Chief Executive Officer of Transnational Corporation of Nigeria (Transcorp) Plc, Mr. Valentine Ozigbo, has assured all stakeholders of the conglomerate that it is positioned to provide superior value delivery in its services.

L – R shows Mr. Olumide Bolumole, Divisional Head, Listing Business Division, The Nigerian Stock Exchange (NSE); Mr. Oscar N. Onyema, Chief Executive Officer, NSE; Mr. Valentine Ozigbo, President/CEO, TRANSCORP Plc; Mrs. Owen Omogiafo, Managing Director/CEO, Transcorp Hotel Plc and Mr. Christopher Ezeafulukwe, Executive Director, TRANSCORP Plc  during the Facts Behind the Figures presentation at the Exchange earlier this week in Lagos.

Ozigbo, stated this while presenting the company’s ‘Facts behind the figures’ to stockbrokers and the investing public at the Nigerian Stock Exchange (NSE) in Lagos.

According to him, the management would focus on cost management strategies to ensure marked improvement in the 2019 financial year.

Transcorp grew its revenue for the year ended December 31, 2018 by 30 per cent to N1014.16 billion, while profit after tax soared by 94 per cent to N20.6 billion, from N10.6 billion in 2017.

Ozigbo, said the businesses has been well positioned to continue to perform profitably and deliver value to numerous investors.

He said: “Today, we own and manage the best business hotel in Africa, and are intent on improving tourism in Nigeria and beyond.

We own and manage one of the most strategic power assets in Nigeria, and aim to meet the power needs of one out of every four Nigerians, and through this, help in poverty eradication and improving Nigeria’s competitiveness.

“Our businesses are contributing unprecedented revenue and profits in the history of the group and we are also stronger in corporate governance and now consistently among the first three companies quoted on this exchange, who each year successfully finalise their audited accounts and organise their AGMs.”

L – R shows Mr. Valentine Ozigbo, President/CEO, TRANSCORP Plc; Mr. Oscar N. Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE) and Mrs. Owen Omogiafo, Managing Director/CEO, Transcorp Hotel Plc during the Facts Behind the Figures presentation at the Exchange earlier this week in Lagos

He said plans were in motion to ensure that the conglomerate grows by leaps and bounds based on the strategic investments in the last couple of years.

“We will deepen our play in the sectors we currently operate in, operationalise our oil asset and invest in more sectors. With the support of the stakeholders, especially the entire capital market community, we will be that conglomerate Nigerians will be proud of,” Ozigbo said.

Transcorp has so far injected about $1 billion in power projects with a combined capacity of 700 megawatts and was among those who bid for Afam Electricity Generation Company.

Meanwhile, the stock market sustained its bearish run for the third as the NSE All-Share Index fell 0.67 per cent to close at 30,829.45. Similarly, volume and value dipped 8.5 per cent and 16.6 per cent to 131.4 million shares and N1.4 billion respectively.

Source: This Day News

Previous Post

Nigeria’s manufacturing index grows further

Next Post

S&P affirms Access Bank’s ratings

Business 360

Business 360

Next Post
Merger: CBN, SEC grant approval in principle to Access Bank and Diamond Bank

S&P affirms Access Bank's ratings

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
COVID-19: Maize Farmers cut down production by 30%

COVID-19: Maize Farmers cut down production by 30%

July 15, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

February 9, 2023
Deputy British High Commissioner Engages Capital Market Stakeholders

NGX Appoints Advisory Panel on Digital Technology Products

February 7, 2023
FMDQ Depository Limited Becomes a Member of the International Securities Services Association

FMDQ Depository Limited Becomes a Member of the International Securities Services Association

February 7, 2023
Ethiopian Airlines assures Air Travelers of planned resumption of flight to Kano and Enugu

Ethiopian Airlines Inaugurates a second Aviation Academy Campus in Hawassa

February 7, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

February 9, 2023
Deputy British High Commissioner Engages Capital Market Stakeholders

NGX Appoints Advisory Panel on Digital Technology Products

February 7, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!