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Business

Transcorp Sells Loss Making Calabar Hotel To Eco Travels

Transcorp Hotels Plc has sold 100 per cent shares of Transcorp Hotels Calaber to Eco Travels and Tours Limited, an indigenous hospitality company.The decision...
Business

Inflation Pushes Transcorp Operating Costs To N26.9bn As Revenue Hits N197bn

Transnational Corporation Plc has announced its financial results for the year ended December 31, 2023, with inflation pushing the operating costs of the conglomerate...
Business

After Earning Billions From Elumelu, Otedola Sells 2.8 Million Shares In Geregu To Brother

Nigerian billionaire investor, Femi Otedola, has sold shares in his Geregu Power Plc, after a surprise exit from Transnational Corporation Plc a few days...
Business

Elumelu Moves To Prevent UBA Takeover, Acquires N560m Worth Of Shares

Tony Elumelu, the Chairman of Heirs Holding has invested N560m to increase his shares in United Bank For Africa.This was revealed in a notice...
Business

Elumelu’s Wife Becomes Transcorp’s 3rd Highest Shareholder After Otedola’s Exit

Awele Elumelu has bought 2,063,484,991 units of shares in Transnational Corporation making her the second-highest individual shareholder in the business.She now controls 5.076 per...
Business

After Earning Billions From Elumelu, Otedola Acquires 2.8 Million More Shares In Geregu

Nigerian billionaire investor, Femi Otedola, has bought additional shares in his Geregu Power Plc, after a surprise exit from Transnational Corporation Plc a few...
Business

Transcorp Ownership Battle: Otedola Quits Company As Elumelu Mops Up 1.99 Billion Shares

Tony Elumelu and Femi Otedola have reached an agreement that will see Otedola exit Transcorp, a company he recently owned over six per cent...
Business

Transcorp: Otedola’s Share Acquisition Has Not Been Made Official

Reports have emerged that business magnate, Femi Otedola, now has the single largest shares owned by an individual in Transnational Corporation PLC (Transcorp) but...

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