She highlighted key achievements of the bank in 2020 including the continued focus on digital innovation for high-quality service delivery across touch points.
“The bank’s multipronged approach to supporting the fight against COVID-19, and the prompt pivot to remote work for over 70% of employees at the height of the pandemic, owing to strategic investments in digital technologies before the pandemic.”
Major highlights of the bank’s financial performance in 2020 shows that profit before tax grew by 2.8% to N25.4 billion, from N24.7bn in 2019.
Commenting on the bank’s plans for 2021, the Chief Executive Officer, Mr. Emeka Okonkwo said: “As we begin a new chapter, we will continue the journey to becoming a leading financial institution in Nigeria. Sustaining value to our shareholders remains at the core of our continuous drive and we remain committed to delivering improved profitability and higher returns in 2021 and beyond.”
Vanguard News
Transcorp pushes investment in power sector, others
On
By Prince Okafor
Diversified conglomerate, Transnational Corporation of Nigeria Plc, Transcorp, has stepped up its presence in the nation’s power and petroleum sectors.
Speaking at the 15th Annual General Meeting (AGM) in Abuja, the shareholders, while commending the company for declaring dividends despite the negative impact of the Covid-19 pandemic, noted the significant advances in the Group’s integrated energy strategy, with the acquisition of Afam Power Plant Plc and Afam III Fast Power Limited.
The Chairman of Transcorp, Mr Tony Elumelu, thanked the shareholders for their continued support and promised that the Group will continue to execute its expansion, in line with its mission of “Improving Lives and Transforming Nigeria”.
Transcorp Shareholders Salute Strong Q1 2021 Profit Boost Posted by Oludare FaseAfrican News, Business, Featured, Latest News Monday, May 3rd, 2021
(AFRICAN EXAMINER) – Shareholders of Nigeria’s leading diversified conglomerate, Transnational Corporation of Nigeria Plc (“Transcorp”), showed their strong confidence in the Board and management, at the Group’s 15th Annual General Meeting (AGM), which took place this week at the Transcorp Hilton Abuja.
The shareholders commended the company for declaring dividends, noting that despite the negative impact of the Covid-19 pandemic on the Group’s hospitality subsidiary, Transcorp remained committed to rewarding shareholders.
They were impressed by the significant advances in the Group’s integrated energy strategy, with the acquisition of Afam Power Plant Plc and Afam III Fast Power Ltd, delivering on the Group’s promise to power Nigeria and change lives. They commended the resilience and dedication of t
Share
SHAREHOLDERS of Transnational Corporation of Nigeria Plc (“Transcorp”), showed their strong confidence in the board and management at the Group’s 15th Annual General Meeting (AGM), which took place at the Transcorp Hilton, Abuja.
The shareholders commended the company for declaring dividends, noting that despite the negative impact of the Covid-19 pandemic on the Group’s hospitality subsidiary, Transcorp remained committed to rewarding shareholders.
They were impressed by the significant advances in the Group’s integrated energy strategy, with the acquisition of Afam Power Plant Plc and Afam III Fast Power Ltd, delivering on the Group’s promise to power Nigeria and change lives.
By Itohan Abara-Laserian
Lagos, May 4, 2021 Union Bank of Nigeria Plc shareholders have approved the groupâs 2020 annual accounts and commended the board and management for sustained profitability in spite of the COVID-19 pandemic.
The shareholders gave the commendation at the companyâs 2020 Annual General Meeting held on Tuesday by proxy in Lagos due to coronavirus.
The shareholders at the meeting also approved the recommended dividend of 25k per 50k ordinary share declared by the company for the financial year ended Dec. 31, 2020.
They applauded the nankâs resilience in these times and its focus on sustaining shareholder value.
Addressing the shareholders at the meeting, Mrs Hamza Bassey, the bankâs Chairman, highlighted key achievements of the bank in 2020.