In a recent Twitter Spaces interview, Dupe Olusola, the accomplished Managing Director and CEO of Transcorp Hotels Plc, provided a glimpse into the strategies and vision that have propelled the company to remarkable heights in the hospitality industry.
With a keen eye for trends and an unwavering commitment to delivering value to stakeholders, Olusola has guided Transcorp Hotels Plc through a journey of substantial growth and innovation.
During the interview hosted by Transcorp Group, Nigeria’s leading diversified conglomerate and the parent company of Transcorp Hotels Plc, Dupe Olusola emphasized the importance of identifying trends early and strategically leveraging them to create value. “We identify trends early and strategise to take full advantage while delivering maximum value to all our stakeholders,” she said. This proactive approach has been a driving force behind Transcorp Hotels’ ability to stay ahead in a dynamic market.
Olusola highlighted the remarkable achievements that Transcorp Hotels Plc has accomplished under her leadership. Notably, the company achieved substantial revenue growth, with an impressive $67 million in 2022. This achievement underscores the effectiveness of the strategies implemented by the company to enhance its offerings and capture market opportunities.
The company’s stock price also witnessed a staggering increase of over 500%, a testament to the confidence that investors and stakeholders have in Transcorp Hotels’ trajectory. This substantial growth can be attributed to the continuous enhancement of service standards, expansion of the company’s portfolio, and the optimisation of operational efficiencies.
Transcorp Hotels’ commitment to delivering exceptional service standards has been a cornerstone of its success. Olusola emphasized that the company’s dedication to creating memorable guest experiences has played a pivotal role in building customer loyalty and contributing to its positive reputation within the industry.
Another key aspect of Transcorp Hotels’ success has been the strategic expansion of its portfolio. The company’s ability to identify opportunities for growth and diversification has allowed it to cater to a wide range of guest preferences and needs. This expansion not only strengthens the company’s position in the market but also enables it to tap into new revenue streams. The company launched Aura 2.0, its refreshed online platform for booking homes, hotels, and experiences earlier in the year. Through the platform, Transcorp Hotels now have more than 5,000 rooms under management. The company is also developing a world-class 5,000-capacity Convention Centre at the premises of Transcorp Hilton Abuja which will further position the hotel to host both local and international conferences. In Lagos, Nigeria’s commercial capital, Transcorp Hotels Plc is working on the development of a new 315-room 5-star hotel facility which would deliver upscale hospitality to clients in the region.
Efficiency is crucial in any industry, and hospitality is no exception. Olusola discussed how Transcorp Hotels has focused on optimising operational efficiencies to drive productivity and cost-effectiveness. By streamlining processes and harnessing technology, the company has been able to create a seamless experience for both guests and employees.
Olusola expressed her excitement for the future of Transcorp Hotels Plc. The company’s ability to adapt, innovate, and consistently deliver value places it in a strong position to navigate the ever-evolving landscape of the hospitality industry. With a visionary leader at the helm and a dedicated team driving its success, Transcorp Hotels Plc is poised to continue its upward trajectory, setting new standards of excellence in the world of hospitality.
In a dynamic and competitive industry, the success story of Transcorp Hotels Plc serves as an inspiring example of how strategic foresight, commitment to service, and a focus on innovation can lead to remarkable growth and impact. Under the guidance of Dupe Olusola, the company’s journey is one of continuous transformation and a testament to the power of effective leadership and visionary thinking.
As part of effort to gaar up The National Information Technology Development Agency (NITDA), the agency is seeking public feedback on several draft documents related to Information Technology (IT) projects and regulations.
August24news.com gathered that this aligns with NITDA’s commitment to an open and collaborative rulemaking.
The legal Documents Open for Public Review are Guidelines for Licensing IT Projects Clearance Compliance Assurance Firms 2024; Regulatory Guidelines for Electronic Invoicing in Nigeria; Guidelines for Software Development; and Guidelines for Software Testing.
NITDA is also proposing the amendment of the Guidelines for Clearance of IT Projects for Federal Public Institutions (FPIs). guidelines, initially issued in 2018.
The Guidelines for Licensing IT Projects Clearance Compliance Assurance Firms 2024 aims to ensure that IT projects within Federal Public Institutions (FPIs) are managed and implemented according to approved and established standards, regulations, and best practices.
The instrument will regulate and professionalise the clearance of IT projects, ensuring that FPIs IT projects and initiatives are effectively conceptualised, designed, evaluated, and compliant with relevant Federal Government extant rules and standards in line with the Federal Government’s digital infrastructure goals and the Renewed Hope Agenda.
The Regulatory Guidelines for Electronic Invoicing is designed to promote transparency and deepen the use of technology for e-government automation as well as support the fiscal development of Nigeria through prudent administration of government revenue.
The guidelines will improve tax compliance, enhance efficiency and enhance standardisation and interoperability, thereby ensuring that Nigeria is ready for international digital commerce.
The Guidelines for Software Development establishes the minimum requirements for the development of software to be used by Nigerian government entities.
It ensures that all software meets quality, security, and operational standards, promotes the growth of the local software testing market, and enhances the efficiency and effectiveness of government services.
The objectives of the guideline are to ensure that software is fit-for-purpose, meeting functional and non-functional requirements, and protect government institutions from operational risks through security, reliability, and performance standards.
To Participate: These draft documents have undergone internal review and stakeholder consultations. NITDA now invites the public to contribute their feedback by reviewing the documents available for download at: https://nitda.gov.ng/draft-regulatory-instruments/ Public participation is crucial for NITDA to develop comprehensive and effective regulatory instruments.
By considering diverse perspectives, NITDA can ensure these guidelines best serve the needs of the IT industry and promote the development of a thriving digital economy in Nigeria.
Stakeholders are advised to send in their review to regulations@nitda.gov.ng on or before 26th November 2024.
Pernod Ricard’s CEO for Africa and Middle East Visits Nigeria, Reinforcing Market Commitment Amidst Dynamic Landscape
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Pernod Ricard, the world’s second-largest wine and spirits company, reaffirmed its dedication to Nigeria’s thriving market through a recent visit by Africa and Middle East CEO, Selcuk Tumay, accompanied by Chief Financial Officer Africa, Nevzat Akkiz, and Managing Director Africa, Sola Oke.
Pernod Ricard’s Africa and Middle East CEO, Selçuk Tümay (center), with Pernod Ricard Nigeria Management Team, MD, Pernod Ricard Africa and CFO, Pernod Ricard Africa and Middle East, Nevzat Akkız, during the recent visit of Selçuk Tümay to Pernod Ricard Nigeria.
The visit began with a business review at Pernod Ricard’s Lagos office, assessing regional performance and strategic planning. A “Meet and Greet” session recognized local employees’ talents, fostering conviviality.
An immersion into the Nigeria’s vibrant retail landscape followed with an open market visit to Oke-Arin Market, guiding discussions on adapting marketing strategies. Retail partnerships were reinforced by visits to top stores, enhancing in-store experiences. At night-time, On-trade visits showcased Pernod Ricard’s premium offerings. The Key Distributors were not left out during the visits. These visits underscored collaborative relationships for a brighter future.
Selcuk Tumay stated, “Despite Nigeria’s complexities, especially foreign exchange volatility, we are optimistic. Adapting strategies will drive growth, support local partners and deliver exceptional consumer experiences.”
Exploring operational excellence: Pernod Ricard’s Africa and Middle East CEO, Selçuk Tümay, during a recent visit to Pernod Ricard Nigeria’s warehouse.
Building on success in Turkey and the Middle East, where innovative marketing and strategic partnerships fuelled double-digit growth, Pernod Ricard applies these learnings to Nigeria.
“We can leverage Turkey’s and the Middle East’s successes and best practices to navigate Nigeria’s challenges and unlock opportunities,” added Selcuk.
SUNU Nigeria’s Free Mammogram/Breast cancer Screening Receives Positive FeedbackSUNU Nigeria –
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
SUNU Assurances Nigeria Plc, a leading insurance company and SUNU Health Nigeria Limited, a reputable health maintenance organization (HMO) in Nigeria, has received overwhelming positive feedback from beneficiaries of its recent free 3D mammogram-breast cancer screening initiative.
The program was launched to raise awareness about breast cancer and provide early detection services, was widely lauded by participants.As gathered, SUNU Nigeria remains committed to promoting preventive healthcare and empowering women.
Through the offering of free breast cancer screenings, the company aims to reduce the burden of breast cancer and improve the overall health and well-being of Nigerian women.
The initiative, which took place at DIAMED Centre, located at heart of Lekki, Lagos, attracted a large number of women from diverse backgrounds.
The screening process, which included mammograms and clinical breast examinations, was conducted by experienced medical professionals.Mrs Ajayi Funmilola, one of the 100 women who benefited from the screening exercise expressed her gratitude to the company.
“I’m so grateful to SUNU Nigeria for providing this free advanced mammogram screening. Of course, early detection is key, and this initiative has given me peace of mind.
Thank you for prioritizing women’s health”.Another beneficiary, Arogudade Feyisayo said, “The 3D mammogram screening offered by SUNU Nigeria was a game-changer.
It was a quick, painless, and thorough experience. I’m incredibly grateful for this opportunity to benefit from this initiative, I hope the company continue to be productive as they continue and increase the tempo in the future”.
“I’m incredibly happy to have had the opportunity to undergo a free 3D mammogram screening. It’s heartwarming to see a company like SUNU Nigeria prioritizing women’s health. May God continue to bless and prosper your organization,” commented Mrs. Olabisi Ajayi.
Commenting on the initiative, Mrs. Yusuf Japari, Head of Corporate Services at SUNU Assurances Nigeria Plc, highlighted the importance of corporate social responsibility, stating that the free mammogram screening is just one example of the company’s commitment to improving public health.
Mrs Yusuf stated, “At SUNU Nigeria, we believe in giving back to the community. By providing free 3D mammogram screenings, we’re not just offering healthcare; we’re empowering women to prioritize their health and well-being.
We are committed to continuing these initiatives to improve public health.”Dr. (Mrs.) Abiola Olorode, CEO of Diamed Centre stated that her facility is proud to partner with SUNU Nigeria to offer free breast cancer screenings during Breast Cancer Awareness Month. “By joining forces, we aim to promote early detection, educate women about breast cancer prevention, and ultimately save lives. We thank SUNU Nigeria for their commitment to improving public health and for sharing our vision of a healthier future.” SUNU Nigeria, encompassing SUNU Assurances and SUNU Health, is dedicated to improving as well as adding comfort to the lives of Nigerians.
SUNU Assurances offers reliable insurance coverage, while SUNU Health provides cost-effective healthcare solutions.