Pfizer has announced its intention to acquire pain drug maker King Pharmaceuticals for $3.6 billion.
Pfizer and King Pharma have entered into a definitive merger agreement whereby Pfizer will acquire King Pharma for $14.25 per share.

Glaxosmithkline Nigeria PLC, has upgraded its manufacturing plant at Agbara in Ogun State to global standard, at a of more than N5 billion.

Saint Flairs Awards Limited, recently celebrated 25 years of operations in the awards industry. In this interview the vice_president, corporate development and managing director, Mrs. Ada Jerry_Ugwu, speaks on the journey so far, industry challenges, and the company’s vision for the future.

Access Bank Plc and EcoBank Nigeria Plc where amongst two Nigerian banks that picked up awards at this year’s prestigious African Bankers Awards, held in Washington recently.

This week delegates from 46 Commonwealth countries began an annual brainstorming session at the 31st Annual Technical Conference of Tax Administrators, CATA on two major topics of contemporary, national and international relevance: widening the tax revenue base through exchange of information both domestic and international.

Accion Microfinance Bank, in partnership with the United States Agency for International Development, USAID, is to establish a credit fund to the private health sector in the country.

As part of strategies to ensure that consumers have more access to its products, Dangote Flour Mills is to flood the market with its wheat meal brand, alkama. The move is to create more market share for the wheat meal which has made name in some parts of the country.

The Board and stakeholders of Union Bank of Nigeria Plc have agreed to vigorously pursue the recapitalization of the bank in order to restore it to its pristine position in the banking industry.

The upward trend on the Nigerian Stock Exchange persisted Tuesday, as the value of listed equities represented by the market capitalisation appreciated by N54.82 billion.

At the just concluded IMF/World Bank Annual Meetings in Washingto, Mr. Bisi Onansanya, Group Managing Director, First Bank Plc, had a brief chat with Nigerian journalist who attended this year’s meeting of global financial egg heads. Omoh Gabriel, Business Editor, was there and captured the brief chat.