Transcorp’s strategic positioning raises revenue 47.3% to N197bn in FY 2023
Post AMUGE
April 3, 2024
Business a.m. The Transnational Corporation Plc (Transcorp), one of Nigeria’s largest listed conglomerates, has announced a significant year-on-year growth, with revenue rising 47.3 per cent to N197 billion in 2023 from N134 billion in 2022, reinforcing its market leadership and strategic positioning. The company’s financial results for the year ended December 31, 2023, also indicated […]
Leadway Group introduces Hersurred to empower women
Post AMUGEApril 3, 2024
Cynthia Ezekwe Leadway Group, a leading financial services company, has launched an initiative called “Hersurred,” which aims to create a supportive community that empowers women to grow and succeed. With the launch of the Hersurred platform, Leadway Group is demonstrating its commitment to gender equality and the advancement of women. The platform is designed to […]
Transcorp Hotels zooms to N41.5bn record revenue in 2023
Post AMUGEApril 2, 2024
Business a.m. Transcorp Hotels Plc, a public listed hospitality subsidiary of the Transnational Corporation of Nigeria Plc (Transcorp Group), has reported its audited financial results for the year ending 2023, revealing a record-breaking revenue of N41.5 billion, an impressive 36 per cent increase from the N30.4 billion recorded in the previous year. The results […]
Zenith Bank crowned Nigeria’s best bank by Global Finance in 4th consecutive year
Post AMUGEApril 2, 2024
Business a.m. Zenith Bank Plc has once again been named the Best Bank in Nigeria by the international financial magazine Global Finance, continuing a winning streak that has seen the bank win the award four times since 2019. Global Finance’s Best Bank Awards are widely regarded as one of the most prestigious awards in the […]
CBN rate hike stirs fears of more pain for Nigerian SMEs
Post AMUGEApril 2, 2024
ONOME AMUGE & JOY AGWUNOBI As small and medium-sized enterprises (SMEs) in Nigeria grapple with rising borrowing costs, the Central Bank of Nigeria (CBN) has dealt them a new blow by raising the Monetary Policy Rate yet again. While the move is aimed at curbing inflation, analysts are concerned that the higher interest rates […]
NSIA extends growth streak to 11 years as revenue hits N1.8trn
Post AMUGEApril 1, 2024
Cynthia Ezekwe The Nigeria Sovereign Investment Authority (NSIA) has recorded a significant jump in revenue for the 2023 financial year, reaching a total of N1.8 trillion and 11 consecutive years of positive earnings, with an annual growth rate of 117.3 per cent. The establishment which manages the Nigeria sovereign wealth fund, attributed its positive performance […]
Global business insolvencies to stabilise higher in 2025 after accelerating in 2024
Post AMUGEMarch 29, 2024
5 challenges make 2024 year of reality check for firms, economy PHILLIP ISAKPA IN LONDON, UK Average global business insolvencies, which raced to a positive 29 percent in 2023 from +23 percent in 2022, is expected to maintain another acceleration this year at +9 percent year-on-year before stabilising at a high level […]
Heirs Technologies brings locally-focused solutions to African businesses
Post AMUGEMarch 28, 2024
Onome Amuge Heirs Technologies, a digital transformation solutions company set to disrupt the African business landscape has reiterated its commitment to driving Africa’s digital transformation through innovative and locally tailored solutions. The company, which is part of the Heirs Holdings group, has unveiled an ambitious plan to drive innovation and growth across the continent, with […]
Sterling Bank partners EAS to facilitate sustainable export for Nigerian SMEs
Post AMUGEMarch 28, 2024
Cynthia Ezekwe Sterling Bank has teamed up with Export and Sell Nigeria Limited (EAS), a leading international trade consultancy, to help small and medium-sized enterprises (SMEs) in Nigeria expand their exports. The partnership kicked off with a four-day capacity-building boot camp, which was attended by over 130 businesses eager to hone their skills and expand […]
Access Holdings off the blocks with N365bn rights issue capital booster
Post AMUGEMarch 28, 2024
Cynthia Ezekwe With its sights set on continued growth, Access Holdings Plc has unveiled an ambitious plan to raise N365 billion through a rights issue. The capital-raising plan, which is pending regulatory approval, is a move that is set to strengthen the company’s capital base, setting it up for even greater success in the years […]