Valentine Ozigbo News

Transcorp Hilton Abuja, Nigeria

Nigeria's Transcorp Hotels raises NGN 4.2B (USD 23M) from IPO

Transcorp Hotels has raised NGN 4.2B (USD 23M) from its recent initial public offering (IPO), indicating a 52 percent subscription level.

Transcorp Hilton, Abuja, Nigeria

Transcorp Hotels plans close to $50M IPO to develop new luxury hotels in Nigeria

Transcorp Hotels Plc will invest the proceeds of an 8 billion naira ($49 million) initial public offering into two new luxury Nigerian properties as the operator seeks to exploit a rise in international travel