Trans Nationwide Express Plc
NNSENG:TRANSEXPR2.70
NGN
0.00
(0.00%)
Trans Nationwide Express Plc
NSENG:TRANSEXPR
(Nigerian Stock Exchange)
Recent
price
2.70
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Trans-Nationwide Express Plc is a Nigeria-based logistics and courier services company engaged in the provision of domestic and international express delivery, freight forwarding, cold chain distribution, haulage, and integrated supply chain management solutions. The company operates through several core business segments, offering a systematic portfolio of services that includes: express courier and parcel delivery services, encompassing domestic same-day and next-day document and package distribution as well as worldwide international express delivery across more than 200 countries; freight forwarding operations, providing domestic and cross-border air and sea cargo handling, customs brokerage, and heavy freight transport; haulage and dedicated trucking services, delivering nationwide bulk freight movement, containerized cargo transport, and interstate fleet logistics; specialized cold chain and biopharmaceutical logistics, delivered through its Tranex Biopharm division to handle temperature-sensitive pharmaceutical distribution, clinical trial materials, and biological specimen transport; corporate mailroom management, offering outsourced internal mail distribution, document tracking, and secure document archiving for commercial institutions; e-commerce fulfillment and last-mile delivery, featuring order pick-and-pack, warehousing, cash-on-delivery, and reverse logistics; relocation and removals, providing residential, commercial, and industrial packing, crating, labeling, and moving solutions; and Tranex Dedicated Motorcycle Service, delivering point-to-point urban express dispatch and rapid intra-city courier solutions. Trans-Nationwide Express Plc serves a diverse client base across corporate, banking, telecommunications, healthcare, public sector, and retail markets through an extensive branch network across Nigeria. In recent developments, the company has undertaken strategic capital restructuring initiatives, including shareholder approval to expand authorized share capital and pursue equity recapitalization to support fleet replenishment and working capital requirements amid macroeconomic and inflationary pressures. Operationally, the company has prioritized digital transformation by upgrading its proprietary online tracking and automated booking platforms for enhanced shipment transparency, while expanding its specialized temperature-controlled logistics capabilities to capture increasing regional demand in pharmaceutical and medical supply chain distribution. Founded in March 1984 as TNT Skypak Nigeria Limited and subsequently rebranded in 1992 following its public quotation on the Nigerian Exchange in 1993, Trans-Nationwide Express Plc is headquartered in Lagos, Nigeria.