Transcorp Hotels Plc says naira gains will reduce the operating costs of the company. Dupe Olusola, MD Transcorp Hotels, said the hospitality
Speaking during the company’s full-year 2023 investors call on April 19, Dupe Olusola, managing director of Transcorp Hotels, also said the hospitality business is dynamic in terms of its room pricing.
As of April 19, the naira traded at N1,230/$ at the parallel market while FMDQ Exchange, a platform that oversees official FX trading in Nigeria, said the local currency traded at N1,169.99/$.Olusola, the management is working “on addressing the increase in the market” amid naira recovery.
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