Nigeria’s Transcorp Hotels Returns to Profit and Plans Expansion
Nigeria’s Transcorp Hotels, one of Nigeria’s biggest hotel players, reported that it had returned to profit in 2022 after a rough pandemic.
The company reported a full-year 2022 profit before tax of $9.8 million (4.5 billion Nigerian naira) on $68.2 million (31.4 billion naira) in revenue.
"This impressive achievement is the highest revenue generated since the inception of t
