![L-R: Managing Director, BGL Securities Limited, Arnold A. Dublin-Green; Assistant Vice President, Financial Derivatives Limited, Dr. Ifeoma Nwokolo; CEO, Centre for the Promotion of Private Enterprise [CPPE], Muda Yusuf (speaker); Chairman of the Occasion, Chief Paul Usoro; Dean, Lagos Business School, Information Systems, Prof. Olayinka David-West; Managing Director/CEO, Financial Derivatives Company, Bismarck Rewane; Group Chief Branding & Communications Officer, Dangote Industries Limited, Anthony Chiejina at Dangote Petroleum Refinery & Petrochemicals IPO Roadshow tagged “Back to where it all began” in Port Harcourt. Rivers State on Monday, October 12, 2026…](https://pmparrotng.com/wp-content/uploads/2026/10/Dangote-imagee-180x135.jpg "As Dangote Refinery’s IPO Nears Close, Small Investors Take Center Stage")
The hospitality division of Transnational Corporation Plc, Transcorp Hotels Plc, has released its audited full-year results for 2023, recording unprecedented revenue of N41.5 billion.
The rise as indicated in the report, demonstrates an exceptional growth of 36 per cent from N30.4 billion recorded in 2022.
Likewise, Transcorp Hotels Plc’s operating income rose from N8.8 billion in December 2022 to N13.1 billion in December 2023, showing a 50 per cent increase.
With a 133 per cent increase from N2.6 billion in December 2022 to N6.1 billion in December 2023, the company’s profit for the year saw impressive development.
Its total assets also witnessed a five per cent increase, reaching N126.1 billion in the reviewed year, compared to N120.5 billion in the previous year.
Credit: thenationonlineng.net
