Tag: President Barack Obama

Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change

Wed Apr 6, 2016/Reuters U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc walked away from their $160 billion merger on Wednesday, a major win for President Barack Obama, who has been pushing to curb deals in which companies move overseas to save on taxes. Pfizer said the decision was driven […]

MTN hires former U.S. attorney general to help on Nigeria fine: FT

Wed Feb 3, 2016/Reuters MTN Group has hired a former top U.S. law enforcement official to help challenge a $3.9 billion fine imposed by Nigeria for failing to disconnect unregistered users, the Financial Times reported on Wednesday. Citing people familiar with the situation, the newspaper said former U.S. Attorney General […]

Tony Elumelu Applauds US Congress for passage of ‘Electrify Africa Act’

February 2, 2016/Heirs Holdings Leading investor and Chairman, Heirs Holdings, UBA Plc and founder of the Tony Elumelu Foundation, Tony O. Elumelu has applauded the U.S. House of Representatives for the passage of the “Electrify Africa Act,” which took nearly three years trying to get the measure through both chambers […]