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Transcorp Posts Robust Q3 Result

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Nigeria’s leading and largest listed diversified conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the third quarter ended September 30, 2021, indicating sustained growth in 2021 as seen in the first two quarters of year.

With strategic investments in the Power, Hospitality, and Energy sectors, the conglomerate recorded a profit after tax of N13.5bn, rising by 617% up from N1.75bn recorded in the previous year.
 
Its revenue rose by 57%, from N54.4bn in Q3 2020 to N85.6bn in the period under consideration, gross profit grew by 74%, from N22.7bn in Q3 2020 to N39.4bn in Q3 2021 and profit before tax accelerated by 671% from N1.75bn in Q3 2020 to a significant N13.5b in Q3 2021.

Mrs. Owen Omogiafo, President/Group CEO of Transcorp, commenting on the performance said “the results reflect the continued commitment by the group to improve performance across all the sectors in which we operate. Our power business increased by 49% year on year, while our hospitality business increased by 115%.”

 Omogiafo indicated that the company intends to complete the year with another quarter of excellent year-over-year growth, thanks to its scalability and sustainability strategy.

Omogiafo said, “Our outlook for the rest of the year remains positive despite some macro-economic issues. We are particularly excited by the performance of our Hospitality business and its recovery following the impact of the Covid pandemic. We have remained on track regarding our capacity recovery plan in our Power business and despite the systemic challenges in the Power sector, Transcorp remains a strong contributor to the power generated in the country. We will continue to drive operational efficiency and focused on delivering value to all stakeholders as we work towards building a long-lasting institution that would deliver on our purpose of Improving Lives and Transforming Nigeria.

Transnational Corporation of Nigeria Plc (Transcorp) is a publicly quoted conglomerate, with a diversified shareholder base of over 300,000. Our portfolio comprises strategic investments in the power, hospitality, and oil and gas sectors. Our businesses include Transcorp Hilton Abuja, Transcorp Hotels Calabar, Transcorp Power, Trans Afam Limited and Transcorp Energy.

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Police Arrest Four Yoruba Nation Agitators for Seizing Radio Station

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Some Yoruba Nation agitators, on Sunday morning, seized Radio Nigeria, Amuludun FM 99.1 in Ibadan, the Oyo State capital, taking over broadcast for more than one hour.

A source told The PUNCH Metro that the agitators, who besieged the station around 5:40 am in an 18-seater bus, were armed with dangerous weapons and charms, threatening to deal decisively with any staff member who refused to cooperate with them.

However, four out of the agitators, among whom was a woman, were arrested by the police with the assistance of the Nigerian army, while others ran into different directions to evade arrest.

One of the arrested agitators, who sustained gunshot wounds, had rushed into the studio to tell others that security operatives had taken over the nooks and crannies of the station. The blood stain was seen in the studio.

An investigation by our correspondent revealed that after holding some night duty staff and security guards hostage, the agitators hijacked the studio and announced live on radio “Welcome to Yoruba Nation.”

An impeccable source further said they continued threatening staff members to remove all Nigeria flags in the station and replace them with Yoruba Nation flags as they have already taken over the Government Secretariat, Agodi, Ibadan.

It was further learnt that they initially hijacked some commercial vehicles (Micra) to block the main road.

When our correspondent visited the station at J&P Bus-stop, Moniya in Akinyele Local Government Area of the state, more than 20 operational vehicles of security agents, including Department of State Services were sighted at strategic locations to forestall any eventuality.

Confirming the invasion, the most senior staff on duty, Ajayi Omotola, stated that, “They told us that they are Yoruba Nation agitators. And in their T-shirt, there was that inscription there. They wrote Yoruba Nation. Only six persons came inside the studio with different charms threatening to kill us if we failed to cooperate. Others were outside manning security at different areas within the premises.

“They collected all our phones and threatened to kill us if we made any noise or phone calls. They said they wanted to broadcast live that Yoruba Nation has taken over. We should remove all Nigeria flags in our studio and replace it with their own. They didn’t allow anybody to go outside. The Area Commander came, addressed and even pleaded with them but they ignored him. We later heard sporadic shooting outside. So, one of our staff members then came inside to inform us that police and soldiers had arrived,” Omotola stressed.

As of press time, normalcy had returned while stern-looking security operatives were still manning the station.

The Punch

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76th Cannes Film Festival Ends with Bang

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The stars on parade at 76th Festival de Cannes

 

By Michael Effiong

The colour, the glamour, the style and class of the 76th Annual Cannes Film Festival ends today with a big bang.

Festival de Cannes, the film industry’s most prestigious festival will take place at 8:30 pm and will be broadcast live on France 2 and internationally on Brut.

The Jury, presided over by director Ruben Östlund and including director Maryam Touzani, actor Denis Ménochet, writer/director Rungano Nyoni, actress/director Brie Larson, actor/director Paul Dano, writer Atiq Rahimi, director Damián Szifron and director Julia Ducournau, will select the winners from the 21 films in Competition this year.

Actress Anaïs Demoustier, President of the Jury, will hand out the Caméra d’or award to the best first film. Actress Stacy Martin and director Ildikó Enyedi, President of the Short Film and La Cinef Jury, will award the Palme d’or for short films.

Actor Orlando Bloom will hand out the Jury Prize. Actor Song Kang-ho, last year’s winner of the Best Performance by an Actor for Broker and actress Zar Amir Ebrahimi, last year’s winner of the Best Performance by an Actress for Holy Spider, will award the Best Performance by an Actress and Best Performance by an Actor Prizes respectively.

 

Actor John C. Reilly, President of the Un Certain Regard Jury, will award the Best Screenplay Prize, while Pete Docter, Creative Director of Pixar Studios, will present the Best Director Prize.

 

The Festival de Cannes will also be honored by the exceptional presence tonight of legendary filmmaker Roger Corman, who will present the Grand Prix alongside virtuoso Quentin Tarantino.

 

Finally, the prestigious Palme d’or will be presented by the formidable and inspiring Jane Fonda.

 

The Closing Ceremony will mark the end of the 76th Festival de Cannes, and will be followed by the screening of Peter Sohn‘s film Elementary in the Grand Théâtre Lumière.

 

The 21 films competing for the Palme d’or this year are : Firebrand by Karim Aïnouz, Asteroid City by Wes Anderson, Rapito (Kidnapped)(Kidnapped) by Marco Bellocchio, Les Filles d’Olfa (Four Daughters)(Four Daughters) by Kaouther Ben Hania, L’Été dernier (Last Summer) (Last Summer) by Catherine Breillat, Kuru Otlar Ustune (About Dry Grasses)(About Dry Grasses) by Nuri Bilge Ceylan, Le Retour (Homecoming) by Catherine Corsini, The Zone of Interest by Jonathan Glazer, Club Zero by Jessica Hausner, May December by Todd Haynes, Monster by Kore-Eda Hirokazu, Kuolleet Lehdet (Fallen Leaves)(Fallen Leaves) by Aki Kaurismäki, The Old Oak by Ken Loach, Il Sol dell’ avvenire (A Brighter Tomorrow)(A Brighter Tomorrow) by Nanni Moretti, La Chimera by Alice Rohrwacher, Black Flies by Jean-Stéphane Sauvaire, Banel e Adama by Ramata-Toulaye Sy, La Passion de Dodin Bouffant (The Pot-au-Feu) (The Pot-au-Feuby Tran Anh Hùng, Anatomie d’une chute (Anatomy of a Fall) (Anatomy of a Fallby Justine Triet, Jeunesse (Le Printemps) (Youth (Spring))(Youth (Spring)) by Wang Bing, Perfect Days by Wim Wenders.

The Closing ceremony, usually a wonderful evening to behold will be broadcast in English and French by Brut.

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Delta Beyond Drugs: Bishop Aruakpor Receives Silec Initiatives

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In preparation for the forthcoming Delta Beyond Drugs Project in Delta State, the SILEC Initiatives team paid a visit to the Bishop, Anglican Diocese of Oleh Church of Nigeria, The Rt. Rev’d John Usiwoma Aruakpor. The solidarity visit was led by the Founder/President Silec Initiatives, Amb. Sunny Irakpo, a U.S Government Sponsored Exchange Alumni who was invited by the U.S Government to participate in the prestigious international Visitor’s Leadership Exchange Program of the Department of State in 2019.

Upon his return from the States, the anti-drug ambassador has continued to sensitize the public on the dangers of drug abuse in Nigeria where he currently floats the Delta Beyond Drugs Project to compliment the efforts of the State Government in order to help address the heightened state of drugs and substance abuse.

Irakpo, intimated the plans of the DBD Project to the Diocesan who keep championing innovative projects in Isoko especially the just concluded School of Nursing , Hospital and many other ongoing projects for the Isoko nation. He hinted that the primary objective of the DBD Project is to sensitize the youths and parents alike about the dangers of drug abuse with the various experimentations presently ongoing amongst youths.

He voiced that drug abuse has eaten deeply into the fabric of the society, and the illicit are experimentation by the youths with different hazardous chemicals/ drugs on a regular basis which is even harmful to their health and that the need to address this ugly trends claiming the lives of promising youths in the state is now.

The trend which has become very worrisome in Isokoland and other parts of Delta state, need the attention of all stakeholders to participate in the wellbeing and wellness of our youths and society.

While he appreciated the clergyman for given them the opportunity to collaborate with the church, also related that Silec Initiatives is one of the most active anti-drug NGO in Nigeria, and as a pragmatic organization that has contributed immensely to the fight against drugs merchandise with empirical evidences, remain an NGO recognized at the international level for their exception capacity in the fight against drug abuse in Nigeria for over a decade.

In his response, Bishop Aruakpor was very happy, impressed and proud with the Founder Silec Initiatives Sunny Irakpo for making the Isoko nation proud in Nigeria and across the global space.

And that seeing a young man with such laudable vision with thought provoking ideas and concept is an indication that Isoko nation is on the good path of greatness and progress if only support is given to him and many others who are making the Isoko nation proud.

In his words, I am proud of you for all the giant strides you have made in this nation in this life transforming Initiative.

We gladly welcome you home for we need you at this critical moment that our youths are becoming something else in the name of drugs. As a diocese ,we are doing our best in the environment we’ve found ourselves as we continue to apply the ant philosophy to achieve all the God given projects to us. For there’s nothing , I lay my hands that God will not help me to accomplished. So in this campaign against drugs and substance abuse in Delta State Particularly in Isokoland, we are solidly behind you to drive the message back home. We shall give Silec Initiatives the full support and to also rally round in the area of funding for the sustenance of the project. We shall also try our best to reach out to the various stakeholders of which we are also involving the Nigeria Police, all the clergy and the youths.

Other members of the team were Kingsley Ewomarevia Silec Initiatives Community Liaison Coordinator, James Agholor, Director of Publication Silec Initiatives, top Isoko artistes Obara Obaro (MC Moonlight) and Funky Franky a music impresario.

The event is schedule to take place with a mega rally to mark the international day against drug abuse and illicit trafficking on the 10th June ,2023 in Partnership with the Anglican Diocese of Oleh Church of Nigeria by 8:am at the Cathedral of Paul as a meeting point to take off.

The founder Silec Initiatives enjoined all Sons and Daughters of Isoko to come out enmass to vehemently resist this enemy of progress of youths, Isoko nation, Delta State and Nigeria in general.

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