HealthPlus Battles Hostile Business Takeover From Alta Semper Capital

On September 25, a press release appearing to be from the Board of HealthPlus, one of West Africa’s largest integrated pharmacy chains, stated that the company no longer needed the services of its Founder, Bukky George, as CEO. The decision to terminate George’s appointment came with the announcement of an interim leader: Chidi Okoro. AContinue reading “HealthPlus Battles Hostile Business Takeover From Alta Semper Capital”

Ghana’s Power Abundance Turns to Burden as Energy Debts Mount

Debt levels could rise if outstanding payments aren’t clearedPower producers say they may be forced to shut their plantsGhana lured investors to its power industry to end chronic electricity shortages with deals it can no longer afford. The deals’ terms require the government to pay for electricity generated even if there’s no demand for it.Continue reading “Ghana’s Power Abundance Turns to Burden as Energy Debts Mount”

“I Was Asked To Invest In Zoom App, But I Refused” – Peter Obi

Former Anambra State Governor, Peter Obi, on Saturday. revealed how he lost out on an opportunity to invest in Zoom, a teleconferencing and online chat services app. Speaking at a webinar, the former PDP Vice –President Candidate in the 2019 general election said the investment was less than 30 cents, an opportunity he should haveContinue reading ““I Was Asked To Invest In Zoom App, But I Refused” – Peter Obi”

Jack Ma – Co-founder Of Alibaba Group To Visit Nigeria

Nigeria’s Ministry of Industry, Trade and Investment will host its first-ever Digital Economy Summit with the theme, “Leveraging Digital Economy for Trade & Investment, “at the Statehouse Banquet Hall, Abuja, on Thursday and Friday, November 14 – 15, 2019. This is in line with the Buhari administration’s drive to diversify the economy and lift 100Continue reading “Jack Ma – Co-founder Of Alibaba Group To Visit Nigeria”

NEWS IN A FLASH – Buhari Signs PSC Bill Into Law

He said, “This afternoon I assented to the bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) Act.” President Muhammadu Buhari has signed the Production Sharing Contract bill into law. This was announced through his official Twitter handle on Monday. He said, “This afternoon I assented to the bill amending the Deep Offshore (and InlandContinue reading “NEWS IN A FLASH – Buhari Signs PSC Bill Into Law”

Prince Dapo Abiodun Woos American Investors

Ogun State Goverrnor, Prince Dapo Abiodun has called on American investors to key into his administration’s Public-Private Partnership initiative and invest in the State. Governor Abiodun made the call when he received in his Abeokuta office, a nine-man delegation from the United States of America Commercial Service, led by Ms. Christine Kelly. The Governor said,Continue reading “Prince Dapo Abiodun Woos American Investors”