Stock market defies election anxieties, soars by N254b
Despite the political anxieties ahead of Saturday’s presidential and National Assembly elections, the equities market closed higher yesterday, extending its eight consecutive days of bull transition driven by positive sentiments for financial services stocks. Amid tensed atmosphere, investors sustained interest in the shares of companies in the banking sub-sector ahead of others in transactions dominated…
Who shall we bully? Who shall we buy?
The book is a detailed exposé of the attempt by Chief Olusegun Obasanjo to extend his tenure as president of Nigeria. What makes the book even more in demand is the fact that Chief Obasanjo is on record saying he never asked for, nor demanded.....
Stock market indices sustain sliding profile, down by N111 billion
The equity market extended the losing streak for the second trading day of the year as indices plunge further by N111 billion. At the close of trading yesterday, the All- share index (ASI) shed 298.74 points, representing 0.96 per cent for depreciation to close at 30,771.32 points. Similarly, the market capitalisation shed N111 billion at…
High Cap Stocks gains push stock market indices by N39b
Equity transactions on the equity sector of the Nigerian Stock Exchange (NSE) reopened upbeat yesterday, following price gains recorded by most Highly Capitalised (High Cap) stocks, as market capitalisation rose by N39billion.
Transcorp appoints Owen Omogiafo as executive director
Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerates, has appointed Mrs. Owen Omogiafo as an Executive Director with effect from July 1, 2018.She will in her new role support in driving and delivering on Transcorp’s strategic ....
Shareholders of Transcorp approve two kobo dividend
Shareholders of Transnational Corporation of Nigeria Plc (Transcorp), have commended the management for their effort and commitment towards bringing the investment conglomerate back to profitability.
Transcorp posts N80.3 billion revenue, N12 billion profit
For the full year ended December 31, 2017, Transnational Corporation of Nigeria Plc (Transcorp) has achieved Group revenue of N80.28 billion, against N59.42 billion recorded in the corresponding period in 2016.
Transcorp, FCMB, others lift NSE’s volume by N42.5billion
Heavy transactions in the shares of some companies, especially Transnational Corporation (TRANSCORP), and First City Monument Bank (FCMB), last week, lifted the volume of shares traded, as a turnover of 7.157 billion shares worth N42.545billion were recorded in 39,037 deals by investors on the floor of the Nigerian Stock Exchange (NSE). This volume of shares…
Transcorp, Dangote, others lift NSE’s turnover by N139.8 billion
Heavy transactions in the shares of some companies especially Transnational Corporation (Trannscorp) and , Dangote Cement last week, lifted the volume of shares traded, as a total turnover of 2.243 billion shares worth N139.789 billion was recorded in 18,466 deals....
Transcorp records N8.2b profit in Q3
Transnational Corporation of Nigeria Plc (Transcorp) has posted a group profit after tax of N8.2 billion in third quarter (Q3) operations, representing 158 per cent rise when compared with loss of N14.21 billion recorded in corresponding period in 2016.