Transcorp

Transcorp Group, Abuja Electricity Distribution Company (AEDC), and Redtech, three Heirs Holdings portfolio companies, have received international recognition in business rankings from The Africa Report and CNBC. The acknowledgment highlights their performance across industries.

Transcorp's half-year profit declined by 17% due to lower energy income, with energy sales dropping from N183.5 billion to N150.6 billion, causing a 13.4% revenue decline.

UBA, Transcorp, and United Capital are highlighted as top stock picks this week in a non-recommendation investment guide. The article advises consulting a financial advisor before making investment decisions.