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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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Anambra poll: Ozigbo gets PDP certificate of return

Anambra poll: Ozigbo gets PDP certificate of return
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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BREAKING!!! Anambra 2021: Valentine Ozigbo Wins PDP Governorship Primary Election  – Igbere TV

Chief Valentine Ozigbo has emerged as the governorship candidate of the Peoples Democratic Party (PDP) in Anambra State, Igbere TV reports.

The 50-year-old Mr Ozigbo polled 62 out of 218 votes to ....

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ANAMBRA 2021: THE CONTENDERS AND PRETENDERS

ANAMBRA 2021: THE CONTENDERS AND PRETENDERS
thebreakingtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebreakingtimes.com Daily Mail and Mail on Sunday newspapers.

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Heirs Oil & Gas Announces CEO and Board Appointments – AfricaBusiness.com

Heirs Oil & Gas (HHOG) (www.HeirsOilandGas.com), the leading African integrated energy company, has announced the appointment of
Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience.
Heirs Holdings Limited’s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021, in one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion. The transaction represents a further implementation of the HH Group strategy of creating the leading integrated energy business in Africa. Through a series of strategic portfolio holdings, HH is executing this strategy. Most recently, affiliate company, Transcorp made a US$300 million acquisition of Afam Power, increasing the Group’s installed electricity generating capacity to 2,000MW. ....

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