Day: March 2, 2022

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Transcorp Shareholders to Receive N717m Dividend

Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021. The results published on the Nigerian Group Exchange showed a 114% growth in Revenue to N21.74bn from N10.16bn as of December 2020,  while Gross Profit rose by 143 % to N16.23bn from N6.67bn. The Company’s results show an impressive growth in its…

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Senate Approves Financial Autonomy for State Legislatures, Judiciary, Local Governments

The Senate has approved financial autonomy for state legislatures, judiciary and local governments in the country. The approval came on Tuesday during voting on the report of the Senate Committee on the Review of the 1999 Constitution (Fifth Alteration) Bills, 2022. Senators during voting on the report rejected pension for presiding officers of the legislature.…

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