Suggestions




·

Ikeja Hotel Outperforms Transcorp Hotels In Q2 As Its Shareholders Gain 58%

July 8, 2025
by

Ikeja Hotel outperformed Transcorp Hotels in the stock market in the second quarter (Q2) of 2025, as stock market investors preferred the former over the latter during the period.

According to Prime Business Africa’s analysis, stock market investors were bullish on Ikeja Hotel between April and June, leading to shareholders of the company recording a 58.25 percent increase in their investment.

Join our WhatsApp Channel

Analysis further showed that the 58.25 percent increase represents a combined gain for Ikeja Hotel shareholders within the three months under review, as the bullish sentiment sent the share price up from N10.30 kobo to N16.30 kobo.

The N6 increase in the company’s share price also raised Ikeja Hotel’s market valuation from N22.27 billion recorded on April 2 to N35.24 billion on June 30.

However, unlike Ikeja Hotel shareholders, Transcorp Hotels shareholders recorded only a 5.20 percent increase in their investment held in the subsidiary of Transnational Corporation (Transcorp).

The gain, which represents N72.20 billion, was driven by the N7.05 increase in the company’s share price, which climbed from N135.35 kobo on April 2 to N142.40 kobo at the end of the second quarter.

As a result of the appreciation, Transcorp Hotels’ market valuation rose from N1.38 trillion recorded at the start of the second quarter to N1.45 trillion as of June 30, according to Prime Business Africa’s findings.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: publisher@primebusiness.africa and editor@primebusiness.africa

+ posts

Prime Business Africa

Related Posts

Previous Story

Cutix Grows Revenue To N3.96bn, Profit Declines By 60%

Next Story

Enugu Air Will Create Jobs, Access To Markets – Gov Mbah

Featured Stories

Related Posts

Latest from Business

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Dollar Appreciates In Black Market, Official Window

The foreign exchange (FX) rate for the United States dollar (USD) increased to N1,387.77 kobo per $1 on Tuesday, March 3, in the black market, surpassing the N1,382.52 kobo per $1 recorded on Monday, March 2. Also, the pound FX rate was

Petrol Prices Set to Rise After Dangote Price Increase

Fuel prices in Nigeria are expected to rise sharply after a hike in refinery rates, as Africa’s richest man Aliko Dangote outlined broader plans to expand into power, steel and infrastructure. The Dangote Petroleum Refinery has increased its gantry price for Premium
Previous Story

Cutix Grows Revenue To N3.96bn, Profit Declines By 60%

Next Story

Enugu Air Will Create Jobs, Access To Markets – Gov Mbah

Don't Miss

Editorial: Team Nigeria For 'One Nigeria'

Editorial: Team Nigeria For ‘One Nigeria’

It was an impressive outing for Nigeria at the recently

Ronaldo Makes 2022 FIFA World Cup ‘Worst 11’ Team

Embattled Portugal forward Cristiano Ronaldo has been named in a