NIPCO Plc has announced the acquisition of a majority stake in Capital Hotels Plc (CHP), owners of the Abuja Sheraton Hotel. Platforms Africa repirts that the deal, which was sealed by 22 Hospitality Limited, a fully owned subsidiary of NIPCO Plc, is part of the concerted efforts of the integrated downstream operator to diversify into the nation’s hospitality industry A statement by NIPCO’s Assistant General Manager, Corporate Affairs, Mr Taofeek Lawal, which quoted the Group Executive Director, Alhaji Aminu Abdulkadir, stated that the new investors are now desirous to…
Read MoreNIPCO Plc Acquires Sheraton Hotel
