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Hospitality firms lose N10.98bn in 12 months

Joseph Olaoluwa The hospitality firms, Transcorp Hotels Plc, Ikeja Hotel Plc and Capital Hotel Plc, suffered a combined loss of N10.98bn in the 12 months of 2020. This is in contrast to their profitability scorecard in 2019, where the firms made a combined profit of N2.47bn in 12 months. Transcorp Hotels Plc reported the biggest

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