• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Transcorp Goes For Expansion To Reinforce Market Leadership

by Mark Itsibor
3 months ago
in Business
transcorp
Share on WhatsAppShare on FacebookShare on XTelegram

Transcorp Hotels Plc has begun an expansionary model as one of its strategic priorities for 2025, that includes reinforcing market leadership, enhancing operational efficiency, and delivering exceptional guest experiences.

Advertisement

The hospitality company hopes to leverage the anticipated economic recovery in Nigeria to capitalise on increased consumer spending and tourism inflows in 2025.

Chairman, board of directors of Transcorp Hotels Plc Emmanuel Nnorom said the company is hoping to add some more rooms to the hotel in Abuja. He said the 670 rooms in Transcorp Abuja, with occupancy of about 84 per cent on average – sometimes 100 per cent – is not enough for its increasing rate of customers. “So we want to do more, because the hotel is hoping to host a lot of events, especially some major events by June, which has never been hosted by Nigeria,” the chairman stated on the sideline of the 2024 annual general meeting of the group in Abuja.

“Our continued investment in expanding our portfolio, particularly the Transcorp Events Centre in Abuja and advancements on the Ikoyi Hotel project, will strengthen our position as a leader in Nigeria’s hospitality industry.

“Our operational focus will also prioritize cost optimisation and service innovation, ensuring we remain competitive in an evolving market. By aligning with the global best practices and integrating sustainable approaches into our operations, Transcorp Hotels Plc. is well-positioned to deliver long-term value to stakeholders,” Nnorom stated.

RELATED

FMDQ, Frontclear To Promote Cross-border Money Market Transactions

FMDQ, Frontclear To Promote Cross-border Money Market Transactions

4 minutes ago
AXA Mansard Health Unveils Flexible Health Insurance Premium Payment

AXA Mansard Health Unveils Flexible Health Insurance Premium Payment

5 minutes ago

Meanwhile, stakeholders of Transcorp Hotels Plc approved the payment of a final dividend of 64 kobo per share or N6.56 billion for the full year 2024 at the meeting.

That brings the full dividend of 74 kobo per share or N7.57 billion, having paid an interim dividend of 10 kobo per ordinary share paid at half-year 2024.

This action reaffirms the company’s dedication to creating sustainable value for shareholders.

The company posted gross revenue of N70.13 billion, reflecting an increase from

the prior year’s figure of N41.46 billion. Nnorom said the growth underscores the effectiveness of the company’s strategy to optimize pricing models and deliver consistent value to its guests.

The Profit before tax closed at N22.61 billion, representing a 138 per cent year on year increase.The stock price performance was equally outstanding, rising by 65 per cent to close at N116 on December 31, 2024. The milestone positioned Transcorp Hotels Plc

as one of the most attractive stocks on the Nigerian Stock Exchange (NGX). “These results are a testament to investor confidence in our growth trajectory and

prospects,” he stated yesterday.

Uzoamaka Oshogwe who was newly appointed as the managing director/CEO of the company said she would adopt a cost saving model with smart procurement” that is key to our business” to run the company in a more efficient and profitable manner.

Oshogwe said she is determined to build on the achievements of the group and create a more enticing environment for the customers to have value for their money. “Through strategic foresight, operational agility, and customer-centric innovation, we are well-positioned to seize the moment and unlock new frontiers of growth.

“To our esteemed guests and patrons, you remain at the heart of our journey. Your trust fuels our commitment to delivering exceptional experiences that go beyond hospitality to create lifelong memories.

She said with a clear roadmap, a resilient operational model, and a commitment to excellence, Transcorp Hotels Plc. is well-positioned to drive sustained success in 2025 and beyond.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Transcorp Hotels
SendShareTweetShare
Previous Post

Seplat Energy Joins Extractive Industries Transparency Initiative As Supporting Firm

Next Post

+234 Art Fair To Promote Arts, Creative Economy

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

FMDQ, Frontclear To Promote Cross-border Money Market Transactions
Business

FMDQ, Frontclear To Promote Cross-border Money Market Transactions

2025/06/28
AXA Mansard Health Unveils Flexible Health Insurance Premium Payment
Business

AXA Mansard Health Unveils Flexible Health Insurance Premium Payment

2025/06/28
Who Is Dr Olayemi Cardoso?
Business

Reps Give CBN 2-week Ultimatum To Remit N3.64trn To Federal Gov’t

2025/06/27
Financial Expert Rallies Stakeholders Against Corporate Fraud
Business

Financial Expert Rallies Stakeholders Against Corporate Fraud

2025/06/27
Nigerians Among 8,000 Entrepreneurs At QNET’s V-Malaysia 2025 Convention
Business

Nigerians Among 8,000 Entrepreneurs At QNET’s V-Malaysia 2025 Convention

2025/06/27
Strategic Visibility Instrumental To Driving Potential Of Top Multinational Brands — Amosun
Business

Strategic Visibility Instrumental To Driving Potential Of Top Multinational Brands — Amosun

2025/06/27
Leadership Conference advertisement

LATEST

FMDQ, Frontclear To Promote Cross-border Money Market Transactions

AXA Mansard Health Unveils Flexible Health Insurance Premium Payment

Tehran Coming Back To Life, But Residents Deeply Shaken

Lassa Fever Death Toll Rises To 145

7-year-old Boy Missing In Niger Flood

Quickening Energy Access

NLC Demands 100% Salary As Widowhood Leave Allowance, Others

SDP Crisis: State Chairmen Back Gabam’s Suspension

Sani And Erasing Rhythm Of Toxicity

BRICS Summit: Tinubu Leaves For St Lucia, Brazil Today

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.