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Transcorp Half-Year Performance Shows Powerful Growth as Profit Leaps by 713%

Transcorp Half-Year Performance Shows Powerful Growth as Profit Leaps by 713%
Posted by African ExaminerAfrican News, Business News, Latest News
Friday, July 30th, 2021
(AFRICAN EXAMINER) – Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the half-year ended June 2021, recording significant improvement across its major income lines.
The Conglomerate with strategic investments in the Power, Hospitality, and Energy sectors, recorded a profit after tax of N6.5bn, rising by 713% up from N0.8bn recorded in June of the previous year. Other key highlights of the result include the following:
Revenue rose by 53%, from N35.0bn in June 2020 to N53.3bn in the period under consideration. ....

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Group Upbeat about 2021 Completion Date for Zugeru Power Plant

Group Upbeat about 2021 Completion Date for Zugeru Power Plant
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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'2021 Completion Date for 700MW Zungeru Power Plant Remains Sacrosanct'

'2021 Completion Date for 700MW Zungeru Power Plant Remains Sacrosanct'
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Nigeria targets 10,000MW of electricity from $3bn interventions

The Federal Government, yesterday in Abuja, said 10 Gigawatts (10,000MW) of electricity is feasible from an investment of $3 billion being made in the power sector.
The prevailing situation of the nation’s power sector has rendered most of the previous projections by political actors a mere lips service as the country’s current transmitted electricity only stands below 5,000 megawatts. By projections, Nigeria should be generating 40,000 megawatts while a plan indicated leapfrog to 30 gigawatts by 2030.
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Vice President, Yemi Osinbajo however told stakeholders at a conference organised by the Nigerian Association for Energy Economics (NAEE) that bottlenecks are being addressed while noting that accelerated investment in transmission and distribution of over $3 billion will put Nigeria on a path to 10GW of electricity. ....

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Osinbajo: Discos' Revenue Collection Has Increased by 63%

Osinbajo: Discos' Revenue Collection Has Increased by 63%
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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