Fidelis Ayebae retires as Fidson CEO after 30 years
Summary by Billionaires.Africa
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Fidelis Ayebae retires as Fidson CEO after 30 years
Key PointsFidelis Ayebae steps down as CEO after growing Fidson into a $66 million pharmaceutical company since founding it in 1995.The company seeks $20 million via rights issue to fund expansion, as shareholders approve share capital increase to $1 million.Fidson’s net profit surged nearly 4x to $3.97 million in the first half, driven by strong ethical drug sales and revenue growth.Nigerian pharma mogul Fidelis Ayebae has stepped down as manag…
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