Home Topics Transcorp
Investors on the Nigerian equities market yesterday lost N118 billion as the market reversed its previous session gains on renewed profit-taking.
The local bourse sustained its negative run on Thursday recording the fourth consecutive loss, following profit taking in Dangote Cement, Zenith Bank and United Bank for Africa stocks.
Nigeria’s bourse on Wednesday sustained its bearish performance for the third consecutive trading day, with the market indicators dropping further by 0.10 per cent.
Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.
Equities on the Nigerian Stock Exchange generally posted their fifth consecutive daily gains on Thursday as leading stocks including Seplat, Dangote Cement and MTNN propelled the N325 billion upward drift.
The Nigerian Stock Exchange (NSE) resumed trading in 2021 on a bullish trend with the All-Share Index surpassing the 41,000 mark, as investors continued to position ahead of full-year results and dividend declaration.
The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks.
Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion.
The nation’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks.
The Nigerian Stock Exchange market indicators on Friday dropped further by 1.46 per cent due to unimpressive third quarter results released by some banks.
Nigerian Stock Exchange closed southward on Tuesday for the second consecutive day, with market capitalisation shedding N279 billion.
In a bid to accelerate reforms in the power sector, the Federal Government Thursday singed sale and purchase agreement for the Afam Power Plant with one of Nigeria’s leading corporations, Transcorp, in Abuja.
TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr Elumelu, who is one of only four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.
At least 40 per cent of the staff of Transcorp Hilton Hotels will have to be disengaged if it is to survive the impact of the coronavirus pandemic on the global hospitality and tourism industry, its managing director/chief executive, Dupe Olusola, announced on Thursday.
US rural telecommunications companies that rely on federal subsidies would have to spend at least $1.837 billion ($1.4bn) to remove and replace equipment from Huawei and ZTE, the country’s telecoms regulator has estimated.
Mino Raiola is determined to make Erling Haaland the first £1 million-a-week player.
The coronavirus variant discovered in South Africa may evade the protection provided by Pfizer/BioNTech’s COVID-19 vaccine to some extent, a real-world data study in Israel found, though its prevalence in the country is very low and the research has not been peer reviewed.
The five governors of the Southeast region, on Sunday launched Ebubeagu regional security to fight terrorism in the zone.
The UN National Programme Manager, Patience Ekeoba, lamented that the country’s security is weak in handling gender-based matter.
No fewer than five lost their lives in Ondo State on Sunday in two separate incidents of a robbery attack and a road accident.
The Lagos government has released a travel advisory for motorists and commuters ahead of this Saturday’s 6th Access Bank Lagos City Marathon.
After series of accusations and counter-accusations generated by the suspension of Azman from flight operations by the Nigerian Civil Aviation Authority, (NCAA) over violation of safety rules, the management of the airline has finally apologised to the regulatory agency for the rash actions it took over the suspension.
The Federal Capital Territory Council of the Nigeria Union of Journalists (NUJ) is to collaborate with the British Council Media Hub (BCMH) on the training of journalists especially in the area of Presentation and Scrip Writing.
In a move to spur the entertainment, creative, and technology sectors in the country, the Buhari administration has commenced a process that will provide the sectors with about N240 billion in financing and investment set to take off by the end of the year.
The Commissioner of Police, Lagos State, CP Hakeem Odumosu, has ordered the deployment of adequate police operatives across the state during the annual Lagos/Access marathon scheduled to hold on April 10.