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Femi Otedola Speaks On Friendship With Tony Elumelu, Says ‘He Backstabbed Me’

Femi Otedola Speaks On Friendship With Tony Elumelu, Says ‘He Backstabbed Me’

Billionaire business mogul, Femi Otedola has bluntly and publicly dismissed friendship with Tony Elumelu, the Chairman of United Bank of Africa (UBA). The business investor who spoke on Tuesday with newsmen alleged that Elumelu betrayed…

Transcorp: Boosting investor confidence via positive impact

Transcorp: Boosting investor confidence via positive impact

Shares of Transcorp have gone from N1.4 to N2.45 per share, gaining 75 per cent return in just under a week. Rhoda Ogunseye writes TRANSCORP closed its last trading day (Thursday, April 20, 2023) at…

Transcorp Hotels grows Q3’21profit by 662%

Transcorp Hotels grows Q3’21profit by 662%

Transcorp Hotels Plc has announced its unaudited Q3 results showing 115 per cent growth in revenue year-on-year (YoY) to N14.6 billion ($35.5 million) and a gross profit growth of 149 per cent to N10.8 billion…

Transcorp Hotels unveils business strategy amidst losses to COVID-19

Transcorp Hotels unveils business strategy amidst losses to COVID-19

Transcorp Hotels has said it incurred losses amidst COVID-19 pandemic which caused the global hospitality industry to lose over $46bn in room revenue. This, it said would not deter it from taken measures that would…

Transcorp seeks approval to listing 2.66bn shares

Transcorp Hotels Plc has submitted an application to the Nigerian Stock Exchange for the approval and listing of rights issue of 2.659 billion ordinary shares of 50 kobo each at N3.76 per share, on the…