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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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Peter Ikenga Doing Yeoman's Service At Transcorp Energy

Nigeria is a place with many talents. In recent months, the innovativeness of the Nigerian crop of young MDs and CEOs has crushed the conventional boundaries of achievements, introducing a new kind of acumen to business sectors. Peter Ikenga, CEO of Transcorp Energy is one of these CEOs with fresh perspectives and approach to work.
Peter Ikenga is one of the fierce Transcorp-ers pushing the frontiers on the conglomerateâs expanding network of business interests. As the man in charge of Transcorp Energy, the division that represents Transcorp on the upstream petroleum energy sector, Ikengaâs role requires him to be both original and ingenious or risk falling behind the other Transcorp divisions (Transcorp Hotels and Transcorp Power) in impact. ....

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Nigeria needs at least 100,000MW to power economy —Elumelu

Nigeria needs at least 100,000MW to power economy —Elumelu
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

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The challenge of businesses is how to manage the macro, socio-economic issues — Tony Elumelu

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Home » Business » The challenge of businesses is how to manage the macro, socio-economic issues Tony Elumelu
The challenge of businesses is how to manage the macro, socio-economic issues Tony Elumelu
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Chairman of Heirs Holdings, Nigeria’s leading multinational group with interests across the financial, Energy, Hospitality, Healthcare and other sectors in many countries of the world, Tony Elumelu, in this interview bares his mind on public interest issues around the group and the Nigerian economy. Excerpt.
In 2010, you left your position as the GMD/CEO of UBA and then ventured into serial entrepreneurship. Today, you run Heirs Holdings, Transcorp, you are into oil and gas, the Tony Elumelu Foundation (TEF) and many more. How do you manage to juggle all of these and what are the challenges you face in terms of managing all your businesses? ....

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TONY ELUMELU: Exiting UBA as CEO at Age 47 was a Blessing

The executive
In the African corporate community, the name Tony Elumelu rings loud as one of the top five multi-sectorial big players in the continent’s economy. Originally a banker, Elumelu, who plays big in the Nigerian economy, regional economies and notable in the global terrain, is breaking grounds in sectors unrelated to his core skills as a banker. He holds sway at the commanding height of various sectors including banking, hospitality, power, oil and gas, health and philanthropy. In this interview with Arise News, the broadcast arm of THISDAY Newspapers, Elumelu, who is the President of Heirs Holding Ltd and Chairman of United Bank for Africa Plc, speaks on a wide range of issues in the economy, investment, power sector, entrepreneurship, amongst others. Nume Ekeghe, Chris Paul and Nosa Alekhuogie bring the excerpts: ....

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