They taught us in economics that companies have to specialize and build core competencies.  They need to do a few things really well and be the best possible in the specific domains. But today, we think that does not make a lot of sense, especially at companies’ scaling phases. Yes, for technology companies, everyone is doing everything, even at a top-level. 

Alphabet, Google parent company, is a car company, a search company, a medical company, an advertising juggernaut, etc. Amazon is an e-commerce firm, a publisher, a movie producer, a drone maker, and soon a car maker.

And today, there is a new player. Yes, FEDEX is going ecommerce: ‘FedEx, has announced plans to launch a new e-commerce platform called “fdx”, as it looks to rival Amazon.’ It is what it is. 

You may ask: what is going on here? What is happening here is the power to do anything because once you have the foundational technology stack, you can easily combine and recombine things on the top stacks. Apple can add lending. Netflix can go into gaming because it has all the core pieces already. Twitter can add payment because the core is already there.

Good People, the purity of visions via starting with a focus remains catalytic, but the scaling of visions, after the foundation has been built, is now unbounded and unconstrained. Shine your eyes as you look at your competition because they now come in really amorphous forms. Yes, FEDEX is now an entry in Amazon as an ecommerce “competitor”. 

Let me congratulate the big boss, Chairman Tony Elumelu, for becoming a multi-SWOOTs (Stocks Worth Over One Trillion) holder in the Nigeria stock exchange, as Transcorp Hotels Plc joins United Bank for Africa Plc in the big league. In the Igbo Nation, we appreciate those who show us the path, and the Chairman played a role to one village boy from Ovim. When he invited me to the committee of $100 million TEEP Fund, I made sure I learnt as much as possible on how to run shows. My family thanks him for his support over the years.

Transcorp Hotels Plc, the hospitality arm of Transnational Corporation Plc, has etched its name in history as the first hospitality group in Nigeria to surpass the N1 trillion market capitalization threshold.

This remarkable achievement not only solidifies Transcorp Hotels’ position as an industry leader but also catapults it into the exclusive league of SWOOTs (Stocks Worth Over One Trillion) group.

The announcement came on January 10, 2023, following a significant 7.24% surge at the Nigerian Exchange (NGX), closing the share price at N100 and propelling the market capitalization to an impressive N1.024 trillion.

The news of Transcorp is amazing because at a critical phase of my entrepreneurial evolution, I needed a direction on something. Chairman Elumelu asked me to meet him in Transcorp and over dinner in the Bukka Restaurant at Transcorp Hilton Abuja (he paid for the dinner!), he explained my best options. I was a teacher and I wanted to move to the higher league,  and needed directions. He helped.

Today, Fasmicro is Africa’s only Intel Corporation programmable microprocessor knowledge partner, and we have celebrated more than a decade of that partnership.

So, as the Transcorp family celebrates the N1 trillion elevation, I join them for serving that special food in Bukka, and most importantly, for delivering world-class experience to people and families in their properties. Transcorp Hotels: #winMore

Good People, Transcorp Hotels Plc is now worth an excess of N1 trillion in the Nigerian stock exchange (NGX). This is very significant as it shows that Nigeria’s economy can deliver results if innovators can do the necessary work. Yes, besides banking, cement, and industrials, Nigeria has latent opportunities in the hospitality sector, and if we do the right things, great returns will come.

Transcorp Hotels Plc, the hospitality arm of Transnational Corporation Plc, has etched its name in history as the first hospitality group in Nigeria to surpass the N1 trillion market capitalization threshold.

This remarkable achievement not only solidifies Transcorp Hotels’ position as an industry leader but also catapults it into the exclusive league of SWOOTs (Stocks Worth Over One Trillion) group.

The announcement came on January 10, 2023, following a significant 7.24% surge at the Nigerian Exchange (NGX), closing the share price at N100 and propelling the market capitalization to an impressive N1.024 trillion.

I congratulate the Transcorp Hotels team and Chairman Tony Elumelu for this accomplishment. Nations rise when great entrepreneurs emerge. Those who build will win the future.

I am expecting the real estate sector to deliver a N1 trillion company very soon. The agro-sector is on the path if you are paying attention to what is happening with Okomu Oil and Presco. Yes, these firms can deliver alpha. 

It is only by diversifying and expanding our economy would we expect the rise of all via more economic opportunities. That I commend Transcorp Hotels does not mean that we have done much in Nigeria. As I write, the market cap of South Africa’s publicly traded companies is more than $900 billion of what we have in Lagos. While South Africa has agro-firms, hotels, real estate firms, etc well represented in their own “N1 trillion” league, Nigeria remains muted with just a handful of Dangote Cement, BUA Foods, BUA Cement, Nestle, MTN Nigeria, Airtel Africa and some banks.

Transcorp Hotels Plc earned its place among esteemed entities in the SWOOT group during the week ending January 12, 2023. This exclusive group, now comprising eleven companies listed on the NGX with a market cap exceeding N1 trillion, includes notable names such as Airtel Africa, Dangote Cement, MTN Nigeria, BUA Foods, BUA Cement, GTCO Holdings, Seplat Energy, Zenith Bank, United Bank for Africa, and FBN Holdings.

Transcorp Hotels Plc, the hospitality arm of Transnational Corporation Plc, has etched its name in history as the first hospitality group in Nigeria to surpass the N1 trillion market capitalization threshold.

This remarkable achievement not only solidifies Transcorp Hotels’ position as an industry leader but also catapults it into the exclusive league of SWOOTs (Stocks Worth Over One Trillion) group.

The announcement came on January 10, 2023, following a significant 7.24% surge at the Nigerian Exchange (NGX), closing the share price at N100 and propelling the market capitalization to an impressive N1.024 trillion.

Transcorp Hotels has been on a stellar trajectory, showcasing outstanding performance in the Nigerian Exchange (NGX) over the past year. Emerging as the best-performing stock in 2023, the company witnessed an astronomical yearly gain of 1022.9%, concluding the year with a market cap of N718.8 billion. This phenomenal accomplishment marked a staggering increase of N654.8 billion from the modest N64 billion recorded at the beginning of 2023.

The momentum continued into 2024, with Transcorp Hotels maintaining an impressive market growth, boasting a remarkable 42.5% increase year-to-date. In this year alone, the company’s market capitalization has surged by a substantial N305.43 billion, reflecting sustained investor confidence and market dominance.

Transcorp Hotels Plc earned its place among esteemed entities in the SWOOT group during the week ending January 12, 2023. This exclusive group, now comprising eleven companies listed on the NGX with a market cap exceeding N1 trillion, includes notable names such as Airtel Africa, Dangote Cement, MTN Nigeria, BUA Foods, BUA Cement, GTCO Holdings, Seplat Energy, Zenith Bank, United Bank for Africa, and FBN Holdings.

This induction into the SWOOT group further underlines Transcorp Hotels’ significance in the Nigerian business landscape, placing it among the elite companies driving the nation’s economic prosperity.

In the financial arena, Transcorp Hotels demonstrated resilience and robust growth during the first nine months of 2023. The company reported an impressive revenue of N29.85 billion, marking a substantial 32% increase year-on-year from the corresponding period in 2022.

Additionally, Transcorp Hotels recorded a net income of N4.07 billion during the same period, representing a remarkable 79% increase year-on-year. These figures not only highlight the company’s operational prowess but also signal its ability to navigate and thrive in dynamic market conditions.

Transcorp Hotels operates as a subsidiary of Transnational Corporation Plc, with the latter holding a commanding 76.15% stake in the hotel. Notably, the Federal Government of Nigeria also maintains an 11.04% stake in the company. Under the astute leadership of Dupe Olusola, Transcorp Hotels manages key establishments such as Transcorp Hilton Abuja and Transcorp Hotels, Calabar. Additionally, the company has expanded its reach through the online platform, Aura by Transcorp.

Transcorp Hotels’ ascent to the SWOOTs group and crossing the N1 trillion market cap mark is not merely a numerical achievement but a testament to its strategic vision, operational excellence, and investor appeal. The conglomerate is expected to continue to shape the future of Nigeria’s hospitality sector by maintaining its current form amid Nigeria’s biting economic challenges.