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Transcorp Hotels Posts 49% Revenue Growth in Q3 2025

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Transcorp Hotels

By Aduragbemi Omiyale

A 49 per cent revenue growth was recorded by Transcorp Hotels Plc in the third quarter of 2025, according to details of its financial statements for the period ended September 30, 2025.

The results, filed to the Nigerian Exchange (NGX) Limited, showed that the hospitality subsidiary of Transcorp Plc grew its earnings N72.31 billion from N48.49 billion in the third quarter of 2024.

However, Business Post reports that other operating income significantly went down to N520.3 million from the N5.0 billion recorded in the same period of last year, mainly driven by the net unrealised foreign exchange loss (N20.7 million) recorded this period compared with the N4.4 billion gained in the corresponding period of 2024.

A further look into the results showed that operating expenses incurred in the period under review surged by 49.28 per cent to N30.9 billion from N20.7 billion.

Also, the gross profit margin expanded to 76 per cent from 71 per cent, as the profit before tax (PBT) surged by 36 per cent to N22.4 billion from N16.44 billion in Q3 2024 and the profit after tax (PAT) jumped by 45.10 per cent to N14.8 billion from N10.2 billion.

This strong performance reflects Transcorp Hotels’ sustained focus on operational excellence, cost efficiency, and customer-centric innovation, reinforcing its leadership in Nigeria’s hospitality sector.

“This impressive Q3 performance underscores our time-tested strategy focused on cost discipline, operational efficiency, and putting the customer at the heart of everything we do.

“We remain committed to delivering sustainable profitability and long-term value for our investors,” the chairman of Transcorp Hotels, Mr Emmanuel Nnorom, said.

On her part, the chief executive of Transcorp Hotels, Ms Uzo Oshogwe, said, “Our Q3 2025 results reflect our unwavering drive for excellence and our commitment to redefining hospitality in Africa.

“With the success of our newly commissioned 5,000-seat event centre, we are proud to be positioning Nigeria as the preferred destination for global conferences and events, while scaling sustainable value for our shareholders.”

Travel/Tourism

Quickteller Travel Secures IATA Certification

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Quickteller Travel

By Modupe Gbadeyanka

The travel and tourism service powered by Interswitch, Quickteller Travel, has been issued a certification from the International Air Transport Association (IATA).

With IATA certification, Quickteller Travel is now fully equipped to connect African travellers to global destinations, support airlines and partners with reliable distribution and settlement, and set a new standard for trusted, digitally enabled travel across the continent.

The IATA accreditation reinforces Quickteller Travel’s operational credibility, compliance standards, and ability to deliver secure, efficient, and globally recognised travel services.

It also strengthens the platform’s positioning as a reliable partner for airline bookings, corporate travel management, and end-to-end travel solutions across Africa and beyond.

The certification is a milestone that places the brand among a global network of trusted and accredited travel service providers.

This achievement comes at a time when Africa’s travel and tourism sector is experiencing renewed growth, driven by increased business travel, regional connectivity, and digital adoption.

With IATA certification, Quickteller Travel is poised to offer individuals, SMEs, corporate organisations, airlines, and other travel stakeholders a seamless digital experience, supported by Interswitch’s trusted payment infrastructure.

Integrated into the broader Quickteller and Interswitch ecosystem, Quickteller Travel combines global accreditation with local insight, offering African travellers and businesses a secure, seamless, and digitally empowered experience.

The Vice President for Transport Ecosystem at Interswitch, Ms Nnenna Ajanwachuku, said, “The IATA certification is a strong validation of Quickteller Travel’s operational standards, governance, and commitment to excellence. It enhances trust for travellers, corporate partners, and global airline stakeholders who rely on accredited platforms for secure and transparent travel transactions.

“For Interswitch, this milestone reinforces our mission to build technology-led solutions that unlock access, simplify commerce, and connect Africa to the global economy.”

Ms Ajanwachuku added that the approval would enable Quickteller Travel to deepen partnerships with airlines and travel service providers while offering customers greater confidence, choice, and value.

“Quickteller Travel is not just a booking platform; it is part of an ecosystem designed to make travel more accessible, reliable, and digitally enabled for Africans. Powered by Interswitch’s heritage of trust and innovation, we are building a platform that meets global standards while responding to local travel needs,” she said.

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Travel/Tourism

Emirates, Air Peace Enhance Seamless Global Connectivity

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Emirates Air Peace

By Modupe Gbadeyanka

Two key players in the Nigerian aviation industry, Emirates and Air Peace, have activated a bilateral interline agreement aimed to expand air connectivity between Africa, the United Arab Emirates (UAE), and London.

The two airline operators are building on their existing partnership to offer their passengers frictionless, single-ticket travel and with through-checked baggage, on select routes, resulting in greater travel comfort and convenience for customers.

Beyond the 13 cities in Nigeria already available for Emirates passengers on Air Peace’s network, the enhanced interline agreement now enables travellers to connect with Banjul in Gambia and Dakar in Senegal, both via Abidjan; and with Freetown in Sierra Leone and Monrovia in Liberia, both via Accra. The additional gateways allow more passengers in Africa to access Emirates world-class product and services, and vast global network.

The agreement allows Air Peace to connect its extensive West and Central African route system into Emirates’ hub in Dubai, and on key destinations including London Heathrow, London Gatwick and London Stansted, Abidjan, Accra and, of course, Lagos.

With huge demand for travel between Nigeria and the United Kingdom,  providing Air Peace passengers with increased choice, flexibility, and global reach.

Emirates operates a Boeing 777-300ER on its Dubai-Lagos route, providing travellers with one of the best experiences in the sky.

Passengers can dine on regionally inspired multi-course menus developed by a team of award-winning chefs complemented by a wide selection of premium beverages, while tuning in to over 6,500 channels of global entertainment – including Nollywood classics – on ice, Emirates’ award-winning inflight entertainment system.

As one of only two airlines operating a First Class cabin into Nigeria, Emirates offers an unrivalled travel experience defined by comfort, privacy and luxurious touches.

With a fleet of over 50 aircraft including Boeing 777s, Boeing 737s, Embraers, Air Peace operates an expanding network of domestic, regional, and international services, connecting major cities across Africa and beyond.

The airline remains committed to strengthening intra-African connectivity, supporting trade and tourism, and contributing meaningfully to economic development across the continent.

“Enhancing our interline partnership with Air Peace allows us to expand our footprint across more of Africa, creating new opportunities for people to fly better with Emirates, while helping international tourists explore more of the region, via Lagos.

“We remain committed to working with strategic partners such as Air Peace to further strengthen Nigeria’s aviation, tourism and trade sectors,” the Chief Commercial Officer for Emirates, Mr Adnan Kazim, said.

His counterpart at Air Peace, Nowel Ngala, while commenting, said, “This interline agreement with Emirates represents a major step in Air Peace’s strategic vision to connect Africa more efficiently to global markets.

“By combining our strong regional presence with Emirates’ extensive international network, we are delivering seamless connectivity, improved travel experience, and greater access to key global destinations for African travellers. This partnership further reinforces Air Peace’s role as a critical bridge between Africa and the global aviation ecosystem.”

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Travel/Tourism

Doha-bound Qatar Airways Aircraft Didn’t Make Emergency Landing in Lagos—NCAA

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Qatar Airways global winter schedule

By Modupe Gbadeyanka

The Nigerian Civil Aviation Authority (NCAA) has dismissed reports that the Qatar Airways flight to Doha in the United Arab Emirates (UAE) made an emergency landing in Lagos.

In a statement, the nation’s aviation regulator disclosed that the return of the aircraft to the Murtala Muhammed International Airport in Ikeja on Friday was merely precautionary, not an emergency as it is being reported.

Over the weekend, the aircraft carrying 248 passengers and 12 crew members from Lagos to Doha returned to base after a technical alert was detected.

The Qatar Airways flight QR1406 landed normally and safely, disembarking without incident, Business Post gathered.

The regulator said precautionary air returns are a routine part of global aviation safety protocols designed to prioritise passenger safety and allow technical issues to be addressed on the ground.

“An air return due to a technical alert that landed normally and safely without incident is standard aviation practice. There was no incursion, no excursion and no crash landing,” the Director of Public Affairs and Consumer Protection at the NCAA, Mr Michael Achimugu, stated.

Also, Qatar Airways in a statement on Saturday said the cockpit crew followed established operational procedures and acted in the interest of safety.

“The cockpit crew followed all established safety procedures, and the aircraft landed safely in Lagos. The safety of our passengers and crew remains our highest priority,” it noted, adding that passengers were assisted on arrival and rebooked on the next suitable flights to reach their destinations, apologising for any inconvenience caused.

Aviation and emergency authorities said the coordinated response to the aircraft’s return demonstrated the effectiveness of Nigeria’s aviation safety oversight and emergency preparedness.

The NCAA said the incident underscores the professionalism of international carriers operating in Nigeria and reflects safety systems working as designed.

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