One year scorecard: Transcorp Hotels’ stakeholders score Oshogwe high

Exactly 12 months after Uzoamaka Oshogwe mounted the saddle as the Managing Director/CEO of Transcorp Hotels Plc, the received wisdom out there is that the woman who sits atop one of the major players in the nation’s hospitality subsector is that she has indeed raised the bar in nearly all parameters.

Oshogwe, whose appointment was announced by the Board of Directors of Transcorp Hotels in December 2024, assumed her new role on January 1, 2025, at the hospitality subsidiary of Transnational Corporation Plc, and has not looked back ever since.

The Transcorp Hotels boss, who brings a wealth of experience spanning over 30 years in leadership, business transformation, and strategic management as a seasoned executive with a proven track record of delivering exceptional results, has reportedly steered the hospitality behemoth into an exciting new chapter of growth and expansion.

With her experience developing large-scale luxury projects, Oshogwe’s resumption, according to stakeholders, has marked a significant milestone in the journey of Transcorp Hotels Plc as it continues to uphold its legacy of redefining excellence in the Nigerian hospitality industry.

Since assuming office, Oshogwe has delivered a defining period of transformation for Nigeria’s leading hospitality company. This strong leadership foundation has been instrumental in shaping the strategic direction and performance of Transcorp Hotels Plc under her stewardship.

One of the most striking achievements of Oshogwe’s tenure has been the company’s robust financial growth, driven by operational efficiency, revenue diversification, and disciplined execution.

In Q1 2025, Transcorp Hotels Plc reported ₦21.0 billion in revenue, representing a 52% increase year-on-year, a performance widely acknowledged as evidence of strong market demand and effective leadership.

The momentum accelerated in the first half of 2025, with revenue rising 60% year-on-year to ₦47.57 billion. Gross profit surged by 71%, underscoring improved margins and cost optimisation. The company also approved an interim dividend exceeding ₦1 billion (10 kobo per share), reinforcing its commitment to delivering tangible returns to shareholders.

By Q3 2025, revenue had reached ₦72.31 billion, reflecting a 49% year-on-year increase, while Profit Before Tax rose by 36% to ₦22.4 billion. Gross profit margins expanded to an impressive 76%, highlighting sustained operational excellence and strong service delivery across the portfolio.

Collectively, these results have strengthened Transcorp Hotels Plc’s reputation as one of the most financially resilient and high-performing hospitality companies on the Nigerian Exchange.

Experts view Transcorp Hotels Plc’s fortunes positively, citing strong revenue growth, increased profitability (especially in Q3 2025), improved margins, and strategic management, driven by booming Nigerian hospitality demand, efficient operations at Transcorp Hilton Abuja.

Analysts expect the company to capitalise on Nigeria’s economic growth, with projections for continued strong performance in leisure, business travel, and events.

Her first year in office has been marked by exceptional financial performance, strategic asset activation, global recognition, and strengthened shareholder value, firmly positioning Transcorp Hotels Plc as a dominant force in Africa’s hospitality and MICE landscape.

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Before her appointment, she served as Managing Director/CEO of Afriland Properties Plc, where she led landmark real estate developments and portfolio expansion.

Her career includes senior leadership roles at United Bank for Africa Plc and Accenture UK, equipping her with deep expertise in strategy, operations, and transformation. Academically, she holds a B.Sc. in Chemistry from Ambrose Alli University, an MSc in Information Systems Design from the University of Westminster, London, and a professional certificate in Real Estate Management from Harvard Business School. She is also an RICS-accredited Civil and Commercial Mediator, a Fellow of the Institute of Management Consultants, and an alumna of Lagos Business School and IESE Business School, Spain, having completed both institutions’ Advanced Management and Chief Executive programmes.

Under Oshogwe’s leadership, Transcorp Hotels Plc has received extensive local and international recognition, further validating its market leadership and service excellence.

In 2025, the company was recognised by Statista, in collaboration with the Financial Times, as one of the fastest-growing companies in Africa, while Africa Business Magazine listed Transcorp Hotels Plc among Africa’s Top 250 Companies.

At the prestigious Seven Star Luxury Awards in Portugal, the company secured triple honours, winning Best Luxury Business Hotel (Nigeria & Africa) for Transcorp Hilton Abuja, Best Luxury Events and Conference Centre (Nigeria & Africa) for the Transcorp Centre, and Best CEO of the Year, awarded to Uzoamaka Oshogwe for her transformational leadership.

Further reinforcing its dominance, Transcorp Hilton Abuja clinched five major titles at the World Travel Awards 2025, including Nigeria’s Leading Business Hotel, Nigeria’s Leading City Hotel, Nigeria’s Leading Hotel, Nigeria’s Leading Hotel Suite, and Africa’s Leading Business Hotel.

Additionally, Transcorp Hotels Plc was named Hospitality Company of the Year at the Independent Newspapers Awards, recognising its outstanding growth, profitability, and strategic execution.

A landmark achievement during Oshogwe’s tenure has been the completion and commissioning of the 5,000-seat Transcorp Centre, a  purpose-built events and conference facility. The Centre significantly expands the company’s footprint in the Meetings, Incentives, Conferences, and Exhibitions (MICE) segment, positioning Nigeria as a competitive global conference destination.

Within its first year of operation, the Transcorp Centre successfully hosted major international events, including the 2025 Afreximbank General Meetings, which attracted heads of state, policymakers, global investors, and industry leaders. This milestone validated the Centre’s capacity to host complex, high-level global engagements and reinforced Transcorp Hotels Plc’s leadership in the premium MICE market.

Beyond operational and brand achievements, Oshogwe’s leadership has continued to unlock value for shareholders through sustained profitability, dividend growth, and strategic asset optimisation. Transcorp Hotels Plc’s earlier entry into the ₦1 trillion market capitalisation club on the Nigerian Exchange remains a defining indicator of investor confidence and long-term value creation.

In just one year, Oshogwe has firmly established herself as a transformational leader, delivering strong financial results, global recognition, and strategic expansion for Transcorp Hotels Plc. Her tenure to date reflects a compelling blend of vision, execution, and excellence: positioning the company for sustained growth and reinforcing its prominence on both the African and global hospitality stage.