The State of Power in Nigeria
Nigeria, the most populous nation in Africa, has long struggled with electricity supply challenges, including frequent power outages, inadequate infrastructure, insufficient investment, energy theft, and inefficient distribution networks. More recently, the country has been plagued with incessant national grid collapse (105 in the last nine years) leading to blackouts across the nation. Despite these setbacks, […]
Transcorp Records N6.7bn Profit After Tax in Q3; Maintains A Positive Revenue Outlook
October 29, 2019. Lagos, Nigeria. Transnational Corporation of Nigeria Plc (“Transcorp”) today announced its financial results for the third quarter ended 30 September 2019. Highlights of the result show the Group recorded a Gross revenue of N58.28bn and posted a Profit Before Tax (PBT) of N7.36bn for the period under review. Total Assets increased from […]