• Nigerian expansion
Nigeria’s Transcorp Hotels has filed an IPO to raise almost USD50m, to help fund hotel expansion. The company’s current flagship property is the Hilton in the capital Abuja, reports Reuters. 

Transcorp Hotels is at present 88% owned by Transcorp, a conglomerate with interests in energy and agriculture, with the balance held by the Nigerian government. Expansion is planned to meet rising hotel demand in the country from business travellers.
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