ABUJA—Court of Appeal sitting in Abuja has discharged and acquitted the former Group Managing Director of Transcorp Plc, Mr. Tom Iseghohi.

TRANSNATIONAL Corporation of Nigeria (Transcorp) Plc has announced financial results for the half-year ended June 30, 2017, recording N4.2 billion as profit after tax (PAT). This translates to a 134 per cent growth against a loss position of N12.19 billion recorded in the corresponding period in 2016. The conglomerate achieved the growth in profit from a total comprehensive income of N6.22 billion, a 285 percent growth from the loss of N11.50 billion recorded in the second quarter of 2016. While the company’s total assets rose to N264 billion for the period under review from N232 billion attained as at December 31, 2016, the shareholders’ fund grew to N93 billion, up from N86 billion.

Dr. Nicholas Okoye, President, Anabel Group and former Managing Director, Transnational Corporation of Nigeria, Transcorp, wants adequate training for managers of multinational companies. Okoye spoke at the Executive Briefing Session for Human Resources Directors, tagged, “Succession” in Lagos.

Transnational Corporation of Nigeria, Transcorp, was on the list of Africa’s top 500 companies recently released by The Africa Report (February 2017 issue), a leading news magazine publication owned by Paris-based media group, Jeune Afrique.

MINISTER for Power Works and Housing, Babatunde Fashola, is present at the Transcorp Power company, Ughelli, Delta state to witness firsthand, as the generation company unveils a new 115MW turbine.