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Elderly women cautions Buhari against imposition, spread wrapper for Dickson to walk on

Published

7 years ago

on

The people of Yenagoa, Ogbia and Opokuma/Kolokuma Local Government Area in Bayelsa State have resolutely decided to stand by Governor Seriake Dickson come December 5, just as they pleaded with President Muhammadu Buhari to allow the people’s wish prevail.
Each community’s resolutions were respectively conveyed in what has been described as a revolution with the massive turn out.
This is coming as Dickson has continued with his community based campaign tour of the state.The story was the same on Thursday at Ikiiribi, Ikolo and Bumoundi, through Akaibiri, Yenibebeli, Yenika, Agudama, Edepie, Akenfa and Igbogene.
Governor Dickson who promised to continue with his development projects in the area, particularly the Bayelsa Cargo Airports sited at Bumoundi community said, “The people of Bumoundi should expect more as we will continue in my development projects in your communities, especially the Bayelsa Cargo Airport sited in your communities, which has attained seventy percent completion. i urge you to continue your support for PDP and vote massively for PDP on December 5.”
Earlier, the community spokesperson, Comrade Franklin Wilkox thanked the governor for the numerous democratic dividends the community has enjoyed, just as he promised that they will reciprocate the gesture during the December 5 polls.

In a replica of Jesus Christ’s grand entry into Jerusalem, women at Ikolo on Thursday, and most other places visited, brought out their wrappers and lined the route for Governor Dickson and his entourage to walk on.
In an interview with a 90 year old community leader, at Bumoundi-Akoatiama, Chief (Mrs.) Temetu Ineife advised President Buhari should allow peace by avoiding the temptation of interfering with Bayelsa State elections.
According to her, “From what Dickson has done for us in Bayelsa State, we have resolved to vote him back for a second tenure. Among the many good things Dickson has done include paying the elderly like us N5000 monthly,”
She further said, “From what I have heard from my people here, Dickson has done very well in the area of road constructions, bridges like never before and schools. So we want him back to continue his good work.”
Chief Mrs Ineife who spoke thru her daughter, also stressed that, “The state has been peaceful since Dickson came, so let Buhari not be used as we are hearing to truncate the wish of our people because we do not want chaos in this place.”
For a female coordinator in same community, Florence Kekuni, was unequivocal in her response. She said, “Apart from the fact that ours is a PDP community, our people resolved to vote for Dickson is based on his antecedents so far. Especially his projects and impact on our lives. And when we weighed both candidates, we came together and endorsed Dickson.”
Chief Sibi Appa who represented the community chief who was on sick bed, presented the community’s views to Dickson.
It was like whirlwind at Ikibiri as the community At Igbedi community, like other places visited so far, Dickson brought them good news when he declared thus: “Between now and the first quarter of next year you will see contractors on site at the six kilometers road from Amassoma. On the electrification you will get a generating set in two weeks”
Earlier the community spokesperson, Elliot Okpoya who spoke on behalf of the community sad, “Your elevation as a governor has turned our political history around for good as we have for the first time a council chairman since the existence of Igbedi clan. That is aside of other political appointments and democracy dividends.
“We re enjoying your infrastructures which includes the headmasters quarter. Based on this we have decided to give a hundred percent vote.”
The show of love was replicated as Bayelsans lined out at Famgbe, Agudama Ekpettiama, Tombia, Shell yard Gbarain – Yubie, Bolako where a musician, Perema Freetown was kidnapped yesterday

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Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion

Published

12 hours ago

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May 2, 2024

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Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024.

In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with revenue rising to N88.6 billion from N32.4 billion in 2023, representing a 173% increase.

The impressive results are largely driven by a remarkable 209% year-on-year revenue growth within the power business, highlighting significant strategic progress as part of Transcorp Group’s implementation of its integrated power strategy.

The hospitality business recorded a 68% year-on-year growth in revenue, driven by an increase in occupancy rate from 75% to 82% compared to the previous year.

The results show substantial growth across all financial indicators, reinforcing its market leadership and strategic positioning.

Highlight of Transcorp Group Results:

  • Q1 2024 Revenue was N88.6 billion, a significant increase of 173%, compared to Q1 2023.
  • Operating income increased by 479%, from N8.5 billion in Q1 2023 to N49.1 billion in Q1 2024.
  • Operating expenses saw an increase of 40% year on year to N8.2 billion in Q1 2024, reflecting the impact of inflation and cost of operations.
  • Net finance cost increased by 14% to N3.7 billion in 2024 from N3.2 billion in 2023 due to a slightly higher interest rate review in line with MPR.
  • Profit before tax from ordinary business of the Group  surged by 1110%, amounting to N34.7 billion in Q1 2024, compared to N2.9 billion in Q1 2023 in the same period last year.
  • Profit before tax inclusive of extra ordinary income was N45.7 billion in 2024 compared to N2.9 billion in 2023.
  • The Group recorded extra ordinary income of N11 billion during the period from the realised gain from the sale of shares.
  • Profit after Tax including the extra ordinary income improved 1832% year-on-year to N35.9 billion in Q1 2024, compared to N1.9 billion in Q1 2023 in the same period last year.
  • Earnings per share of the Group was N61.12k in Q1 2024, compared to N2.58k in Q1 2023.
  • On the balance sheet, total assets grew by 8.3%, from N530 billion in December 2023 to N574 billion in Q1 2024 due to the increase in operational activities.
  • Shareholders’ funds increased by 20% from N187billion in December 2023 to N224 billion at the end of Q1 2024 due to profit accreted to retained earnings.

In response to the results, Dr. Owen D. Omogiafo, President/Group Chief Executive Officer of Transcorp, commented, “Our Q1 2024 results demonstrates Transcorp Group’s resilience and commitment to excellence. Despite the challenges, we achieved growth across all major indices, focusing on operational efficiency at both our power plants, and maximising opportunities within our hospitality business, showing our ability to adapt and succeed in changing markets. We will continue to deliver sustainable growth, operational efficiency, and value for our shareholders.”

This robust achievement is a further demonstration of the Group’s strategic focus and effective execution. Transcorp is dedicated to its transformation agenda, emphasising sustained growth and a relentless pursuit of long-term value for shareholders.

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News and Report

Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion

Published

12 hours ago

on

May 2, 2024

By

Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024.

In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with revenue rising to N88.6 billion from N32.4 billion in 2023, representing a 173% increase.

The impressive results are largely driven by a remarkable 209% year-on-year revenue growth within the power business, highlighting significant strategic progress as part of Transcorp Group’s implementation of its integrated power strategy.

The hospitality business recorded a 68% year-on-year growth in revenue, driven by an increase in occupancy rate from 75% to 82% compared to the previous year.

The results show substantial growth across all financial indicators, reinforcing its market leadership and strategic positioning.

Highlight of Transcorp Group Results:

  • Q1 2024 Revenue was N88.6 billion, a significant increase of 173%, compared to Q1 2023.
  • Operating income increased by 479%, from N8.5 billion in Q1 2023 to N49.1 billion in Q1 2024.
  • Operating expenses saw an increase of 40% year on year to N8.2 billion in Q1 2024, reflecting the impact of inflation and cost of operations.
  • Net finance cost increased by 14% to N3.7 billion in 2024 from N3.2 billion in 2023 due to a slightly higher interest rate review in line with MPR.
  • Profit before tax from ordinary business of the Group  surged by 1110%, amounting to N34.7 billion in Q1 2024, compared to N2.9 billion in Q1 2023 in the same period last year.
  • Profit before tax inclusive of extra ordinary income was N45.7 billion in 2024 compared to N2.9 billion in 2023.
  • The Group recorded extra ordinary income of N11 billion during the period from the realised gain from the sale of shares.
  • Profit after Tax including the extra ordinary income improved 1832% year-on-year to N35.9 billion in Q1 2024, compared to N1.9 billion in Q1 2023 in the same period last year.
  • Earnings per share of the Group was N61.12k in Q1 2024, compared to N2.58k in Q1 2023.
  • On the balance sheet, total assets grew by 8.3%, from N530 billion in December 2023 to N574 billion in Q1 2024 due to the increase in operational activities.
  • Shareholders’ funds increased by 20% from N187billion in December 2023 to N224 billion at the end of Q1 2024 due to profit accreted to retained earnings.

In response to the results, Dr. Owen D. Omogiafo, President/Group Chief Executive Officer of Transcorp, commented, “Our Q1 2024 results demonstrates Transcorp Group’s resilience and commitment to excellence. Despite the challenges, we achieved growth across all major indices, focusing on operational efficiency at both our power plants, and maximising opportunities within our hospitality business, showing our ability to adapt and succeed in changing markets. We will continue to deliver sustainable growth, operational efficiency, and value for our shareholders.”

This robust achievement is a further demonstration of the Group’s strategic focus and effective execution. Transcorp is dedicated to its transformation agenda, emphasising sustained growth and a relentless pursuit of long-term value for shareholders.

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News and Report

May Day: Glo salutes Nigerian workers  

Published

1 day ago

on

May 1, 2024

By

 

Digital telecommunications solutions provider, Globacom, has saluted Nigerian workers as the country observes this year’s edition of the International Workers’ Day. The company enjoined them to rededicate themselves to excellence so as to take Nigeria to the next level.

 

In a solidarity message released on Tuesday, Globacom lauded the resilient spirit of workers in spite of present challenges. It urged them to use the opportunity of the Workers’ Day to reflect on how their contributions can build a better and more vibrant society.

 

“We salute Nigerian workers on this this day and commend them for the hard work, commitment, resourcefulness and industry which are essential for the growth of the economy of any nation”, Globacom said, and urged them not to rest on their oars.

 

The company noted that the story of Nigeria cannot be complete without the huge contributions of workers, both in the public and private sectors.

 

The International Labour Day is observed annually on May 1 to recognize the contributions of workers all over the world. It is also used to promote a fairer and more sustainable future for all by advocating for workers

’ rights.

 

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