The very first day I visited Alaba international market, I was utterly disgusted. There was total chaos and hassling! Compare that to a well structured mega complex where medium to large stalls are located and condusive for trading.

RemiAwo, absolutely nothing wrong in a world class organization, but you should seperate government interest from private interest. If private (F.O.G) are going to create private companies to take over public interest under the cloak that they are the next thing, thats our problem. Is TNG talking about new initiatives? No, they want to buy NICON, NEPA, NITEL, etc etc.....

Our concern is who is the buyer?

Would you rather have the indians and dubious lebanese to buy up these firms?

Guys and Gals,

Why not team up and buy some of these shares on offer. I am sure you can purchase as institutional buyers. This is a great group that can make a difference. I, for one, want to be heard.

Americans, Canadians, Brits and now South Africans are seeing the Gold mine on which our Country is built, granted, they have the economic power which most of us do not have access to.  Let's try to mine our own Gold.

People

Just read a very brief snatch on TransCorp Nigeria. I guess I must be the last to do so. Does not sound like a bad idea. We generally do not lack good ideas here in Nigeria. We hope there will be enough corporate discipline to sustain it and enough long-term political sense to simply let it be run as a commercial venture. If not, then here we go again !!!

blessnaija

The only thing that Transcorp can do now is to invest heavily into the power (electricity) sector of the economy. All those rubbish about downstream/upstream (i mean oil) are rubbish.

If they can become like GE, i will be on the line to preach their gospel across the nation.

Let's give this venture a chance. We need to be less pessimistic and cynical. Nothing wrong with constructive criticism, but the Halibuton's and GE's have achieved synergies within that ensures they value-add to their respective national economies. Transcorp is a noble idea run by people with impecable management abilities.

There is no reason why large corporations and SME's can't co-exist in a market as large as ours. Besides, Transcorp is not getting any particular bidding preferences from the goverment over foreign companies, otherwise the eleme petrochemical would have been in it's kitty by now. But even if it is, being entirely Nigerian owned and managed, that is laudable.

Stay positive folks.

Transcorp should succeed - may be profitable in about 4 or 5 years. The major investment concern will be the impact of political changes during this period - given that it's success is heavily dependent on government waivers & preferential status approvals, a new leadership may perceive them as OBJ's people and either frustrate them or seek undue influence.

This country must experience 4 fundamental developments in order to realise it potential
1- A strong savings base/culture to power future investment - which has started with the 1st phase of reforms via a) the fiscal discipline of the Economic Team, and b) the pension reforms that will create a savings pool of over 1/2 a trillion naira annually!
2- A virile SME industry, rightly called the backbone of any economy, starting with the enabling environment - now the 2nd phase of Soludo's reforms
3- A business-friendly infrastructure, starting with power (easily 50%+ of non-staff overheads) &
4- A vibrant heavy manufacturing sector to provide jobs, starting with refineries since oil is easily Nigeria's largest raw material.


The CBN is on top of the 1st & 2nd needs & at my last check, about $2billion will pour into Nigeria this year from the current SME reforms (this formed part of the 10% growth rate expectations of government).

Nigeria has no other group that can step into the space today for No 3 & 4. If we wait for the multinationals, they may never come into power generation/ distribution or local oil refining (what will happen to their refineries at home?). What then will we do?

Transcorp can invest heavily in power and local refining of oil to help catalyze the 3rd & 4th developments, which will not happen on it's own & global events have proven that government has no business being in business whether it is power or oil refining. Transcorp is poised for the upcoming privatisation of PHCN, and its presence will mean that the developments for 3 & 4 WILL start - multinational interest in power privatisation or not. I expect the multinationals to come as competition thereafter.

Transcorp is Dr Okereke-Onyiuke's baby with the President's full endorsement, hence her being the Pioneer Chairman. Other directors are there purely out of investment self-interest, not for corrupt reasons - none of them wants to miss the boat. I also have a lot of respect for Fola Adeola who built Nigeria's 1st institutionalized bank and deftly reformed pensions in Nigeria. If anyone can deliver, he can.

Undoubtedly, what Transcorp is trying to do is daunting to say the least, because the chaebol/mega-diversified group model while successful in the industrialization era when capital was scarce, is now proving a diadvantage in the Information Era. The triumph of Microsoft over IBM in software, and Dell over HP/Compaq in PC hardware is a pointer that capital is more accessible now to entrepreneurs in developed economies and no thus longer the key differentiator.

But what Transcorp is doing is necessary - if we don't do it SOMEHOW by ourselves, for how long are we willing to wait for rent-seeking multinationals to come and do it for us? While the Transcorp management cannot be said to be doing a good job of selling the vision and underlying reasons why it has to be done now, we really have no choice but to morally support it.

Very interesting comments here, from my little experience in the financial industry in Nigeria (I have worked with three banks in the last 5 years). I'll like to submit as follows:

1. That the idea of Transcorp is good for our economy. To create a world class, Nigerian company with a truly Nigerian brand as a major international player.
2. Check the list of the Directors- Dr. Ndi Okereke (Whether u like it or not, she has given Nigeria, a wonderful reputation abroad with her success at the NSE. Fola Adeola (This is one man that has given Nigeria, probably the best reputation in the banking industry-esp modern banking:Guarranty Trust Bank is probably the only bank in West Africa thats being studied as a model bank at the Harvard University. Tony Elumelu, this guy is probably the most aggresive banker in Nigeria-just see the way he took over UBA; UBA is now the largest bank in West Africa, its not a hype, 427 branches-No bank has beat that, atleast not 4 now. Odimegwu, ofcourse Guiness Nigeria is the most successful Guiness outlet in MEA (Middle-East, Europe and Africa) - Guiness is probably the highest profit-making company in Nigeria. Aliko Dangote is probably the most successful industrialist in Nigeria, no controversy! Ibru? Everybody knows that the Ibru group of companies is the largest group of company in Nigeria maybe after MA (Mike Adenuga group).
From the above, u 'll realise that from ab initio, this pple r already controlling our economy. What transcorp is only doing is to harness their synergies along with our 'excess crude oil' to give rise to a 'Mega monster' conglomerate of companies. Where we can benefit, as an individual/entity, they 'll sell shares please buy. They are currently doing PPO (Private Placement Offer) @ N6 per share. When they finally comes out, the IPO will go 4 N10. Where to buy? 6th floor of NSE , Lagos Nigeria.
As an SME, u know that there various companies, will give rise to strings of businesses, whoever can think clear, be smart and fast enough 'll obviously gain from this. Always remeber that Nigeria economy is one which is yet to be fully tapped, my humble opinion.

Your post is definitely food for thought. Thanks for contributing!

I live in lagos and i cannot undertstand why nobody has picked up on the fact that it is borderline illegal and a blatant conflict of interest to to have the DG stock exchange doubling as the chairman of transcorp.It just goes to such that the presidents boys are so secure in their positions that they dont even feel the need to retain any semblance of propriety.OBJ on his part wastes no tell in announcing that Transcorp was his idea,an idea which he shared with a select group of "friends" all of whom happen to be on the self succession bandwagon.Is it then suprising that at inuaguration,transcorp had already received various licences and concessions.

If Obasanjo get and win the third term i will definately buy into Transcorp, but if otherwise my money will rather be spent on something that's worth it.

joftech:

If Obasanjo get and win the third term i will definately buy into Transcorp, but if otherwise my money will rather be spent on something that's worth it.

You are right but OBJ will not be president forever and i know your fear/risk becasue any new leader will like to distablize and built to eat his or her turn, hence transcorp might fall. However if they can come up with a way to tackle the problem, then they will be strong. For example,

If nigerian billionaires contribute enough capital to build a stable electricity in nigeria. Each of the billionaires should have a stake in the business, but if a new president comes in, he might try to change the income of the stake holders by buying shares within the company to the extent that the income of the original ventures might go down

However, if we really look at trancorp from the developmental perpective, it is a good idea and really really worth it for nigerians.

I for one would rather do business that will increase the employment rate in Nigeria, than patronise and enrich developed countries in wealth creation. We need a company as big as Transcorp, but what we do not need are directors of transcorp whose loyalty to the company can be questionnable because of the conflict of interest.

The world is watching Transcorp with interest. The venture must not fail!!!

The idea seems to be a good one looking at it on paper. However, to be able to comment objectively on this issue, one has to examine the premises on which the establishment of Transnational is based.
The founders are betting on success with this enterprise based on the effects of the 'Chaebol' on the South Korean economy during the 1960s to late 80s. On the face of it, it would seem that this would be a logical path to follow to achieve similar results. However, a number of significant underlying factors are missing in the Nigerian case.
Firstly, the chaebol initially consisted of several large, family-controlled conglomerate firms whose collective efforts turned their economy around. Their Nigerian emulators have decided to abandon their individual 'conglomerates' and come together under one umbrella instead. Is it that they are scared of healthy competition amongst themselves or this is just another case of 'national cake' mentality?
Secondly, over several years, the Chaebol were characterized by strong ties with government agencies and Park Chung Hee himself, the military ruler at that time whose personal vision brought the companies together. The difference in the Nigerian case however is the lack of continuity in government. Apart from the fact Obj, by his nature, has generated a lot of enemies, the precedence in Nigerian politics means that continued government ties and favouratism cannot be gauranteed beyond this administration.
Finally, the period in which size and over-diversification of "mega-corporations" played a positive role in their good fortunes seems to have gone as evidenced by the companies that make up the Chaebol themselves and other behemoths such as GE, etc. For example, see BBC article on this link: http://news.bbc.co.uk/1/hi/in_depth/business/2000/review/1037276.stm
In closing the question must be asked as to the real motives of the directors in starting up Transnational. Are they doing this for the benefit of Nigeria or is this just another investment opportunity for them? Another means of making an extra billion here and there? Or maybe both reasons. Only time will tell.

The idea seems to be a good one looking at it on the surface. However, to be able to comment objectively on this issue, one has to examine the premises on which the establishment of Transnational is based.
The founders are betting on success with this enterprise based on the effects of the 'Chaebol' on the South Korean economy during the 1960s to late 80s. On the face of it, it would seem that this would be a logical path to follow to achieve similar results. However, a number of significant underlying factors are missing in the Nigerian case.

Firstly, the chaebol initially consisted of several large, family-controlled conglomerate firms whose collective efforts turned their economy around. Their Nigerian emulators have decided to abandon their individual 'conglomerates' and come together under one umbrella instead. Is it that they are scared of healthy competition amongst themselves or this is just another case of 'national cake' mentality?

Secondly, over several years, the Chaebol were characterized by strong ties with government agencies and Park Chung Hee himself, the military ruler at that time whose personal vision brought the companies together. The difference in the Nigerian case however is the lack of continuity in government. Apart from the fact Obj, by his nature, has generated a lot of enemies, the precedence in Nigerian politics means that continued government ties and favouratism cannot be gauranteed beyond this administration.

Thridly, Park Chung Hee was running a well disciplined, properly managed government which at the time, simply lacked the financial capacity to take the country to where they wanted to be, hence the invitation to the Chaebol. This is not the case for Nigeria where financial resources abound in excess but mis-management and corruption has not made the govt agencies function effectively. Since current reforms are less than far-reaching or total, how can TransNat maintain the integrity that it's directors enjoy in the private sector when it has to do business with a very corrupt govt and in fact relies on the same govt 'favours' for it's continued success?

Finally, the period in which size and over-diversification of "mega-corporations" played a positive role in their good fortunes seems to have gone as evidenced by the companies that make up the Chaebol themselves and other behemoths such as GE, etc. For example, see BBC article on this link: http://news.bbc.co.uk/1/hi/in_depth/business/2000/review/1037276.stm

In closing the question must be asked as to the real motives of the directors in starting up Transnational. Are they doing this for the benefit of Nigeria or is this just another investment opportunity for them? Another means of making an extra billion here and there? Or maybe both reasons. If they really had the benefit of Nigeria in mind, then her purpose would be better served if the directors used their apparently strong influence to initiate stronger reforms in govt, help make the govt agencies work better and more efficiently (not take over their functions for profit purposes as TransNat wants to do) and urge Baba Iyabo to retire on time.

jajaopobo:

If they really had the benefit of Nigeria in mind, then her purpose would be better served if the directors used their apparently strong influence to initiate stronger reforms in govt, help make the govt agencies work better and more efficiently (not take over their functions for profit purposes as TransNat wants to do) and urge Baba Iyabo to retire on time.

Initiating stronger reforms in the government that is shaky will distablize the whole thing becasue it means government having their hands in it and splitting the managers into 2. That should not be totally allowed. What i think they need is a written law by the highest judiciary in nigeria, greater international influence and ofcourse our government (to a reasonable extent). The law has to be defined in such a way that who ever that is comming into power will have no right to the stake of their private investors.
If they like they can play away with the government portion and infact this is what is happening in the oil industries, shell, harlimboton etc, they get their share and utilize it well the help the united states. Nigeria get their share and share it among the top officials.

I'll like to see this one work!!!!!!!

I have carefully studied transcorp and it is bound to fail. if Ndi Okereke can be made the chiarman of the transcorp, the same DG of NSE, the same woman who collided with Dangote and co to buy Terminal port of NPA. Then you must know that she is nothing but another instrument of obj to monitor Transcorp to suit his own personal desire, such as seeking funds and borrowing from Transcorp to run third term and dictate what happens in the economy.

We all should understand that for every good intention obj pretends to contribute to this economy has an Agenda, i mean hiding agenda. Transcorp is not the way neither is obj the way, its only going to cause more demoralization/unemployment like nwoke has said and it would make us live like slaves in our own country. I will urge reasonable nigerians presently living in Nigeria to make their Honest Contribution and not a naija from Abroad who reads and read and read

When it comes to Matters like this, you dont just feel or think, you need to pratically live it and see it and stop comparing how it happened in other countries. Its not about being pessimistic, its just the holy truth u know,

@ Mr Olat, I really love the way you manipulated these people and thier role. So convincing!

olat:

Very interesting comments here, from my little experience in the financial industry in Nigeria (I have worked with three banks in the last 5 years). I'll like to submit as follows:

1. That the idea of Transcorp is good for our economy. To create a world class, Nigerian company with a truly Nigerian brand as a major international player.
2. Check the list of the Directors- Dr. Ndi Okereke (Whether u like it or not, she has given Nigeria, a wonderful reputation abroad with her success at the NSE. Fola Adeola (This is one man that has given Nigeria, probably the best reputation in the banking industry-esp modern banking:Guarranty Trust Bank is probably the only bank in West Africa thats being studied as a model bank at the Harvard University. Tony Elumelu, this guy is probably the most aggresive banker in Nigeria-just see the way he took over UBA; UBA is now the largest bank in West Africa, its not a hype, 427 branches-No bank has beat that, atleast not 4 now. Odimegwu, ofcourse Guiness Nigeria is the most successful Guiness outlet in MEA (Middle-East, Europe and Africa) - Guiness is probably the highest profit-making company in Nigeria. Aliko Dangote is probably the most successful industrialist in Nigeria, no controversy! Ibru? Everybody knows that the Ibru group of companies is the largest group of company in Nigeria maybe after MA (Mike Adenuga group).
From the above, u 'll realise that from ab initio, this people r already controlling our economy. What transcorp is only doing is to harness their synergies along with our 'excess crude oil' to give rise to a 'Mega monster' conglomerate of companies. Where we can benefit, as an individual/entity, they 'll sell shares please buy. They are currently doing PPO (Private Placement Offer) @ N6 per share. When they finally comes out, the IPO will go 4 N10. Where to buy? 6th floor of NSE , Lagos Nigeria.
As an SME, u know that there various companies, will give rise to strings of businesses, whoever can think clear, be smart and fast enough 'll obviously gain from this. Always remeber that Nigeria economy is one which is yet to be fully tapped, my humble opinion.

But I am sorry to say that if you have carefully studied these people, they have one thing in common, dont ask me.

if the Odimegwu you are talking about is the same Festus Odimegwu of NBL(Nigerian Brewries) then i am sorry to say, he does not own those credit because he is not guiness nigeria and for aliko dangote, how can you say he is a successful business man when you truly know that he has been able to do all that with the support of the fed. govt from day one. Dont you think you OLAT would be a better industrialist if the govt can give you the kinda support they gave aliko?

And from what i can see, you are part of them and you have every reason to support them and nobody want make the place wey him dey chop close!. more grease as u advertise thier nutty shares, even the last two years share, we nova see the certificate talkless of the dividends, How can we be so sure that it wont be like all states bank which liquidated even after selling shares.

Bros Nwoke,y u go use transcorp is recruiting to get my valued attention?that aside!!!!Transcorp has things be today is the biggest and strongest private sector driven organisation in nigeria today, u pple better find a way to join that organisation coz in the next 10yrs,Transcorp would have taken over virtually every sector of the Nigerian economy .

Guys read this blog
http://joftech..com/2005/12/transcorp-messiah-or-another-white.html

@ larger_20, i totally concor with that blug, it represents nothing but the truth. these people are just out to make money and not for the interest of making the economy a beta one. Some one said something about how dirty balogun market and computer village was, but i tell you, it rather be dirty and be affordable than be a mega store and becomes as expensive as i just dunno,Afta transcorp buy all these places, i bet you wont be able to get a brand new computer for as low as 40k and if you must know, the price here is far cheaper than what it is in abroad. . they are beta ways to make changes than transcorp, lets all wait and see, i know the next presi would frostrate the lives of this transcorp people unless perhaps, he has his money in it too.

All these people in transcorp would only do anything to beta their own pocket and lives. Imagine Aliko Dangote, Ndi, Festus aside the GTB bank guy i dont see any other genuine person in that board. even tony elumelu does not deserve all that commendation because 1. STB has made its mark before he came in and if you properly study the New UBA you would say there are still quite a lot of things undone. Some one said is anything bad in being DG and Being a chiarman @ dsame time. well, if you must know, the post of a chiarman should have gone for a new chap or the post of DG should be made vacant so that someone else can have that post rather than eating up every vacant seat in the name of being a super woman!

ashiwaju,abeg get ur info right before posting comments , without tony,there is no STB, d beank was liquidated b4 tony and his team (then 4rm america)took over and changed its fortune.as per d DG and chairman thing,,its means nopthing.d chairman is only there to advise and supervise, she aint d main active brains.

I have carefully and meditatively studied this transcorp project over time. I was almost carried away initially by all the glamour. As a cautious investor, this is my submission. A word is enough for the wise.


1. A careful study of the prospectus reveals a business concern that intends to be a jackof all trades. There is not focus. Focus is very vital for business success. This transcorp lacks. They intend to be in energy, agriculture, tourism, ict. With little or no competence in these diverse fields. If u doubt me find out why there 2nd bid for the eleme petrochemical plant [port harcourt refinery failed.] it was rejected because of poor technical bid.

2. On what performance indices was the share price of n6.00 per share based during its recent private placement. Transcorp's pricing is based sloely on projections. Unlike other initial public offers-ipo that are basedon actualperformance.or is it because the dg is the chairman of the board. And what the hellis a serving dg doing on that board.

3. According to the recent comment of the dg nigerian stock exchange the upcoming ipo would be platformed on the credentials of the board of directors. This is the first time im hearing of a public offer being based solely on the credentials of board memebers. O

4. If integrity and record is an issue what about the likes of odimegwu, elemelu and dandote ?

5. Transorp is a pet project of obasanjo and the board members are his stooges. Transcorp is not free from politics and that is dangerous. If u doubt the presidents influence on the board. What about the fact that he intervened recently in the board when odimegwu was almost expelled for being pro third term.

6. For those of u who were carried away by the soapopera. I wasnt. All the board memebers are pro third term. Odimegwu's crime was being a gong singing discordant notes that was bad for business. He almost ruined their sinister motives.

7. The fact that odimegwu is still on board is a cause for worry. This is going by his antecedents. Hel. Consider his recent performance in nigerian breweries pls. He has plungerd the shrae price.he is a man known for embarking on white elephant projects. He built the ama green field brewery against all voice of reason. He says its the largest brewery south of the sahara. But is it all about size or is it about efficiency? Those of us in the picture know that it has grounded operation at the nbl aba brewery . What a waste!!

8. What about the squandering of share holders money on tv shows that lack any respect for our cultural values as a nation? Inspite of the decline in returns to share holders. This is a sign that the transcorp fund would endupin white elephant ventures.

9. What about the prospectus for the private placement. It was ashoddy job. It contained typographical errors. An indication that the board members did not go thru it. They alraedy have their hands full. They left everything in the hands of a nicholas okoye. Nicholas okoye? Who the hellis he u might ask. Hes just a nigerian with acouple of foreign short courses and some collection of cheap softwares for drawing graphs.

10. If u doubt me and my worries pls forum mates please read about the blue bubble burst in recent history. Transcorp is just cosmeticit is bound to fail. Saying that the sun would rise from the east tommorow is no prophecy. It is common knowlege even among lower life.

More points? I can go on and on , but pls do your own meditation. Investing in transcorp is bad business. I have nothing against the dream itself. But the substance is poor.

This are guys being backed by a failed systems. The antecedents of somne of the board memebers is a causefor worry. These are guys that can call your bluffif it fails. The lackof focus is anodsa one.
Pls if u must invest invest wisely in coy s that u can analyse thair past performance.

Transcorp is a pseudo firm.

Even the drafts for the private placement was in favour of ''nse consult'' attention mr nicholas okoye!!!

Tenure elongation drafts? This may be the draft of corruption , sorry constitution.

Oh my god help me!!!

rotbog,,y u sound like that, this people u talk about are very successful set of human beings.like it or not,they are made for life and will continue to be.if you cant beat them,d best for you to do is to join them, odimegwu can still have his way in so many coy's all over the world but albeit if you will ever ave, please learn to appciate things and speak well of successful people if you ever want to be one.

i disagree with you totally on the points you have raised. This project is bound to succeed for the following reasons:

1. To create jobs on a large scale you need investment. to partner with a successful investor from anywhere you need to have capital. This company is now in a position to compete for contracts internationally and bring the contract to Nigeria just like India is doing by bringing all IT jobs and call centre jobs from america and Europe to India. to bid for these international business you must have a big capital base. Transcorp is the first of its kind in subsaharan region. Whether it gets these kind of contract is yet to be seen.

2. China is currently the biggest industrialised nation on the earth at the moment. they do not like to sell the products in retail. they like wholesale buyers and they even lower the price further for mega companies that can in turn supply a whole sub region. Transcorp can actually negotiate a good price for good from china and supply the whole of subsaharan africa region of all products from china. it make sense.

3. How did the computer revolution take off in America and Europe. It was through the collaboration of big companies and their home governments. There is need for a huge capital base to compete internationally. My main concern is that when this company begins to do well, the shareholders then decide to sell to foreign investors.

4. foreign companies are lending african nations money in the guise of aid. if transcorp becomes strong enough it can come to the rescue of struggling african nations instead of selfish foreign aids.

There is potential with this company. I tried to buy some of the shares, but I figured that it was too expensive. I was also told that it was being marketed to banks and finance houses. this is a good idea because the banks will demand return on their investment.

lets give this company time (say five years) before we start knocking it.

love y all

its a pity for you and i feel so sorry that you are yet to know the truth and thats a story for anada day. I am so sure that the incoming govt would finish transcorp come 2007.

Ashiwaju,

So I take it you have it on good faith that no "members of the incoming government in 2007" do
not have any stake or holdings in Trancorp - can you bet your money on this? I wouldn't t if I
were you.

Lets face it, I know there are lots of suspicion of Trancorp giving its support of the present
government and actions of some of the key players of the company. But truth be told, its high
time Nigeria needs a company like Transcorp. Every successful plan starts with a vision, if you
can't even visualize, then execute, how will you ever know whether that plan will succeed or
not?

Now, I don't claim to know how deep the pockets of all the major players of Transcorp are, but
its fair to say that people like Dangote, and Odetola have the means or reach to make major
investments in an outfit like Transcorp. You may be surprised that other money bags in Nigeria
may have also invested quietly in Transcorp especially during the private placement, otherwise
how else where they able to raise between N16Billion to N20Billion?

You need a marriage of people with deep pockets and people with the technical know-how to be
able to succeed in any major undertaking. This is where people like Festus Odimegwu, Elumelu, and
the rest comes in - whether one agrees or not, these men and women have proven themselves
in their respective business domains. Everyone there do not have equal holdings, others have far
larger interests than other members of the board depending on their financial reach. Just because
you hear the name Elumelu, does not mean he has invested N1Billion in Transcorp. You have to
have the money or the credit facilities first to be able to invest.

Guys, people like Dangote have survived several regimes in the past, smart and successful
businessmen understands how the game is played. And as bad as it might sound, money and
politics goes hand in hand anywhere in the world. Take it from me, corporations rule the US,
and thats how it is in most of the world. Who owns the corporations? People - some few and
very rich people/families and some not so rich people.

As someone had mentioned before, should we fold our hands and watch the Indians, Lebanese,
and Chinese buy up the entire country because we hate Obasanjo, Dangote, Elumelu, and the
rest? Good or bad, I am sure a N20Billion - N60Billion outfit (after IPO) like Transcorp will be able
to provide some gainful employments for more Nigerians.

Finally, the shares will be traded in the stock exchange soon. If you feel, these people are about
to strip the country bare, I suggest you raise some funds and purchase their shares. And NO, you
don't need to spend N1.2Million or more, it might be as little as N50,000 or less - I think.

Only Time Will Settle All the Ambivalent Views On Transcorp. Nevertheless, I Think Its An Important and Interesting Debate.
At least People Need To Weigh All The Pros & Cons for The Purpose of Making Informed Decisions.

I Love NairaLand. Its A Place To Be on Cyberland. No Visas Required. And

All The Most Its Nigerian Born.

I Know This Country is An Emerging Global Power.

We Are Alomost There. Lets Open Our Mind To Diverse Opinion.

We Are Together NairaLanders!!!!