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Monday, April 26, 2010

Jimoh Ibrahim stakes $250m - Acquires Virgin Nigeria

News reaching us from Guardian Nigeria by Wole Sadare on the Acquisition of Virgin Nigeria.
THE recently announced acquisition of Nigeria Eagle Airline (formerly Virgin Nigeria Airline), may have cost NICON Group of Companies $250 million (N37 billion), under a debt buy-over deal sealed with United Bank for Africa Plc (UBA). The amount represents Virgin Group's indebtedness to the bank,

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