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HRG Nigeria acquires stake in Nigerian TMC
HRG Nigeria has acquired a 75% majority stake in Nigerian travel management company Navigator World Travel Centre.
The acquisition gives HRG Nigeria well-established operational bases in Lagos and Enugu, the heart of Eastern Nigeria.
Olufemi Adefope, managing director, said: “This acquisition further strengthens our expertise and client service capabilities and enhances our presence in Eastern Nigeria, an area of continued growth and development.”
Navigator MD Alice Mbanefo becomes chairman of HRG Nigeria and added: “Navigator is a very successful company in its own right but we believe that the time is right for us to take the next step in our development and join a company with a reputation as good as HRG Nigeria and one that has shown such vision/growth.”
By Bev Fearis
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Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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