Investors Bite

Transcorp Reports N12.2 Billion Loss in H1 2016 Due to Naira Devaluation

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top conglomerate, Transnational Corporation of Nigeria Plc said on Friday  it has posted a loss after tax of N12.2 billion for the half-year (H1) period ended June 30, 2016 compared to N4.3 billion gain a year ago. Similarly, the conglomerate declared a loss before tax of […]

Transcorp Says H1 2016 Earnings will be affected by Unrealistic FOREX Loss

By Peter OBIORA InvestAdvocate New York (INVESTADVOCATE)-Nigeria’s leading conglomerate, Transnational Corporation of Nigeria Plc said on Friday that its half-year 2016 earnings will be negatively affected following impact unrealised foreign exchange loss and naira devaluation on its power subsidiary, Transcorp Power Limited. ”The foreign exchange loss of N14 billion was due […]

FBN Holdings Says Head, Investor Relations Exits Group

July 29, 2016/NSE Kindly be informed that our Head, Investor Relations, Mrs. Oluyemi Lanre-Phillips has chosen to pursue other interests outside the Group. effective Wednesday 27th July, 2016 Oluyemi was appointed the pioneer Head, Investor Relations, three years ago following the establishment of FBN Holdings Plc. She handled the responsibility […]