Transcorp Hotels 2024 energy cost rose by 95.88% to N4.76bn

Transcorp Hotels’ energy cost has surged by 95.88 per cent from N2.43bn in 2023 to N4.76bn in 2024, according to the company’s 2024 annual report and financial statements. This rise in energy expenses makes it the second-largest operating cost for the company during the year. The PUNCH observed that the energy costs exceeded employee expenses, Read More

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