Tag
TRANSCORP
news and analysis about transcorp
As trading closed for the year in the NGX, the market shifted to new frontiers, the All-Share Index hit an all-time high of 74,773.77 points, while the market capitalization fell short of N41 trillion, closing at N40.92 trillion.
The NGX continued its bullish run today, appreciating by a whopping 1.28% as the ASI closed at a new all-time high of 73,397.71 points.
Investors who purchased shares from specific firms at the beginning of the year and chose to maintain their positions have cause for celebration, as shareholders have generated returns exceeding 100% despite the macroeconomic challenges in 2023.
Transnational Corporation Plc (“Transcorp”), has embarked on a groundbreaking environmental Corporate Social Responsibility (CSR) project.
The NGX closed in +ve territory at the end of Wednesday’s trading session as equities snapped a 2-day bearish trend to rise by N339 billion.
Dr Awele Elumelu has recorded a surge in her Transcorp stake value at N13 billion.
The Nigerian equities opened the last trading week of August on a positive note, extending gains from the previous session as investors continued to take positions on blue-chip firms.
The Nigerian Bourse (NSE) witnessed a positive turn on Friday, as the bearish sentiment gave way to an impressive upswing, resulting in a noteworthy increase of N86 billion in the aggregate market value of listed stocks.
This pivotal announcement closely follows the acquisition of a substantial 60% stake in AEDC by a consortium helmed by Transcorp Group.
The Board of Directors at Transcorp Group Plc has announced the appointment of Peter Ikenga as MD/CEO of its power subsidiary.
A Group of Investors led by Transcorp Power Limited has acquired a 60 percent stake in Abuja Electricity Distribution Company (AEDC).
Transcorp Plc has announced the resignation of Mr Joseph Adegunwa from his role as Group CFO with effect from Friday, July 14th 2023.