Transcorp Hotels Plc reported strong financial gains for the third quarter that ended on Sept. 30, 2025, with revenue climbing 49 percent to 72.31 billion naira from 48.49 billion naira during the same period last year. Profit before tax jumped 36 percent to reach 22.4 billion naira as the hospitality subsidiary of Transnational Corporation Plc maintained its focus on efficiency and customer service.
Managing Director Uzoamaka Oshogwe credited the results to operational excellence and the successful debut of the 5,000-seat Transcorp Centre, which aims to establish Nigeria as a continental destination for conferences and exhibitions. The facility has generated additional demand for hotel accommodations and dining services while reinforcing the company's position in the meetings and events sector. Chairman Emmanuel Nnorom highlighted the organization's emphasis on cost management and sustainable returns for investors.
The hotel group recently earned three honors at the Seven Star Luxury Awards in Portugal, with Oshogwe herself recognized as Best CEO of the Year. The company plans to expand operations to Ikoyi and Port Harcourt, with the Lagos-area project set to begin construction in 2026.
Managing Director Uzoamaka Oshogwe credited the results to operational excellence and the successful debut of the 5,000-seat Transcorp Centre, which aims to establish Nigeria as a continental destination for conferences and exhibitions. The facility has generated additional demand for hotel accommodations and dining services while reinforcing the company's position in the meetings and events sector. Chairman Emmanuel Nnorom highlighted the organization's emphasis on cost management and sustainable returns for investors.
The hotel group recently earned three honors at the Seven Star Luxury Awards in Portugal, with Oshogwe herself recognized as Best CEO of the Year. The company plans to expand operations to Ikoyi and Port Harcourt, with the Lagos-area project set to begin construction in 2026.
