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 […]

FBN Holdings Announces New Apointments

July 29, 2016.NSE The Board of FBN Holdings Plc (FBNH) had, at its meeting held on July 19, 2016 resolved on the following nominations to its Board and the Board of its subsidiaries:  Ms. Cecilia Akintomide and Mrs. Oluwande Muoyo were appointed to the Board of FBN Holdings Plc as […]

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 […]