Renaissance Capital Holds Annual Pan-Africa Investor Conference

Renaissance Capital Holds Annual Pan-Africa Investor Conference

Experts converge as Renaissance Capital, a leading emerging and frontier markets investment bank, held its 12th Annual Pan-Africa Investor Conference on 7-10 September 2021. For the first time, the event included a specialist Nigeria Tech -Fintech Conference and covered every aspect of the fast-growing and high-opportunity sector – from digital payments and digital lenders to logistic companies to neo-banks and digital wealth management, with speakers representing incumbent companies as well as new burgeoning players. The conference brought together leading companies from across Nigeria, Kenya, Rwanda, and Uganda. The event saw…

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Ibile, Cannon Keep Largest Stake In Lagos-Backed LASACO Assurance As Profit Breaks

Ibile, Cannon Keep Largest Stake In Lagos-Backed LASACO Assurance As Profit Breaks

Ibile Holdings and Cannon Property & Investment Limited maintain a 40.3% equity stake in LASACO Assurance Plc, according to detail from the company’s results. The Assurance company’s latest result shows that earnings per share expanded to 16 kobo in the first half of 2021 from 9 kobo a year ago. This happened despite a strong decline in the company’s profit after tax. In the first six months’ earnings scorecard into the year, LASACO’s bottom line was hit by costs tsunami as profit for the period plunged to N294.167 million from N632.014…

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Transcorp Appoints Oliver Andrews As An Independent Non-Executive Director

Transcorp Appoints Oliver Andrews As An Independent Non-Executive Director

The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate, has today announced the appointment of Oliver Andrews to the Board, as an Independent Non-Executive Director. Mr. Andrews brings over 35 years of experience in infrastructure development, public-private partnerships, and strategic advisory working with regional and international institutions, international corporations, and DFIs. Mr. Andrews most recently served as the Chief Investment Officer at the Africa Finance Corporation (AFC), one of the largest investors in infrastructure solutions in Africa, where he oversaw the growth of assets under management,…

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Transcorp Plc Half-Year Performance Shows Powerful Growth As Profit Leaps By 713%

Transcorp Plc Half-Year Performance Shows Powerful Growth As Profit Leaps By 713%

Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the half-year ended June 2021, recording significant improvement across its major income lines. The Conglomerate with strategic investments in the Power, Hospitality, and Energy sectors, recorded a profit after tax of N6.5bn, rising by 713% up from N0.8bn recorded in June of the previous year. Other key highlights of the result include the following: Revenue rose by 53%, from N35.0bn in June 2020 to N53.3bn in the period under consideration. Gross profit grew by 60%, from N14.7bn in June 2020 to N23.5bn in June 2021. Profit before tax rose by 689% from N0.9bn in…

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Heirs Insurance, Heirs Life Deliver On Promise To Help Customers Purchase Insurance In Five Minutes

Heirs Insurance, Heirs Life Deliver On Promise To Help Customers Purchase Insurance In Five Minutes

Digital insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), have confirmed that customers are now able to purchase insurance policies from their websites, www.heirsinsurance.com and www.heirslifeassurance.com, in mere minutes. The revolutionary, interactive websites—first of their kind in Nigeria—ensure that customers have access to quick insurance, completing transactions in minutes wherever they are, without any human intervention. This development signals the kick-off of the companies’ ambition to digitalize insurance and provide a viable alternative for customers to purchase products and request claims without delay, as well as learn more about insurance.…

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Lagos Marriott Hotel To Host First Aviation Cargo, Export Conference In Nigeria

Lagos Marriott Hotel To Host First Aviation Cargo, Export Conference In Nigeria

The newly opened Lagos Marriott Hotel is to play host to the First Aviation Cargo event in Nigeria. The upscale Marriott with 250 rooms located in the heart of Ikeja GRA near the Murtala Muhammed Airport, which is well-positioned to host aviation events was opened to the public in May 2021. The Managing Director of Macfolly Hospitality Limited, the owners of Lagos Marriott, Mr. Chike Ogeah. stated this when he led the organizers of the First Aviation Cargo event around the function suites of the hotel. He said that Lagos…

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Heirs Insurance And Heirs Life Set To Host Brokers At NCRIB Forum

Heirs Insurance And Heirs Life Set To Host Brokers At NCRIB Forum

Newly launched insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance Limited (HLA) have announced plans to host over three hundred brokers at the Nigerian Council of Registered Insurance Brokers (NCRIB) monthly forum. The event, which is scheduled to hold on Tuesday, July 6, 2021, in Lagos will have the leadership of both companies meet with brokers from across the country to further solidify existing relationships and discuss ways to improve the industry. According to the MD/CEO, Heirs Life Assurance, Niyi Onifade, this gesture will enable the companies to…

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Transcorp Hotels Plc Launches Its New, Innovative, First-Of Its kind Digital Hospitality Platform, “Aura” For Accommodation, Food And Experiences

Transcorp Hotels Plc Launches Its New, Innovative, First-Of Its kind Digital Hospitality Platform, “Aura” For Accommodation, Food And Experiences

Aura by Transcorp Hotels is perfect for booking vacation homes, business or holiday lets, and experiences. .. Aura by Transcorp Hotels is a new platform that connects people to unique accommodation, great food, and memorable experiences .. Vice President Prof Yemi Osinbajo led the launch of Aura by Transcorp Hotels at The Transcorp Hilton Abuja .. Aura allows homeowners, hoteliers, restaurateurs and experience providers to earn income by listing their properties or services on Aura .. Aura by Transcorp Hotels is available on Android, iOS and the web. Transcorp Hotels Plc., the leading hospitality…

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Transcorp Energy Presents Alternative Energy Solution To Nigeria

Transcorp Energy Presents Alternative Energy Solution to Nigeria

L – R Permanent Secretary Ministry of Science and Technology,  Mr. Edet Akpan; Minister of State, Alhaji Mohammed Abdulahi;  Minister of Science and Technology, Dr. Ogbonaya Onu; Managing Director/CEO of Transcorp Energy, Mr. Peter Ikenga;  Legal Manager, Transcorp Energy, Mr. Humphry OnyeUkwu; and  Head of Strategy & Business Transformation, Transcorp Plc, Ms. Bekemen Idiake at the meeting on Alternative Energy Solutions held in Abuja Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, one of Nigeria’s leading power producers, announced an alternative energy solution to Nigeria, as part…

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Coca-Cola Shares Drop $5 billion After Cristiano Ronaldo’s Gesture To Drink Water

Coca-Cola Shares Drop $5 billion After Cristiano Ronaldo's Gesture To Drink Water

Cristiano Ronaldo’s gesture for people to drink water instead of Coke at a Euro 2020 press conference may have cost the soda company $4 billion in market value. Coca-Cola shares dropped from $56.17 to $55.22 after Ronaldo moved two Coke bottles out of view and picked up a bottle of water before Portugal’s match against Hungary on Monday. Coca-Cola’s stock price was trading even lower to close at $54.95, bringing its total market value down by $5.1 billion to $236.9 billion from $242 billion. “Agua!” the soccer superstar exclaimed. Agua…

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