Transcorp’s H1 2024 revenue surged 114%, reaching $110 million, driven by strong performance across key operating units.
Tony Elumelu
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- Hot News
Transcorp Power, linked to Nigerian tycoon Tony Elumelu, posts $23 million profit in H1 2024
The power company’s profit soared to $23 million, marking a 233 percent increase from $6.9 million in the same period last year.
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Afriland Properties unveils 13 luxury apartments in Ikoyi, Lagos, aiming to address housing needs across income levels.
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“I’m advising shareholders, as you get your dividends, reinvest a significant part of it,” Tony Elumelu said.
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During the AGM, the board presented UBA Group’s outstanding financial performance for 2023, which saw the bank become Nigeria’s second-largest lender by …
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Elumelu has solidified his position as a titan of African commerce, transforming UBA Group from a domestic bank into a continental powerhouse.
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Under Elumelu’s leadership, UBA’s total comprehensive income for the period also rose, from N51.03 billion ($36.56 million) to N581.47 billion ($416.7 million).
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The impressive performance is attributed to a significant revenue increase of 173 percent to N88.55 billion ($62.9 million) compared to N32.4 billion …
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In addition to the Ikoyi hotel development, Transcorp Hotels is nearing completion of a state-of-the-art event center with a 5,000-person capacity, slated …
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Nigerian tycoon Tony Elumelu-linked power company reports strong Q1 2024, revenue tops $60 million
Transcorp Power’s journey in Nigeria’s energy sector commenced in 2013 with the acquisition of the Ughelli Power Plant under the leadership of …