Nigeria, Aug. 2 -- Fidson Healthcare Plc has announced the retirement of its founder and Managing Director, Fidelis Ayebae, after three decades at the helm of the company.

This was announced during the company's 26th Annual General Meeting, held virtually on 31 July in line with the provisions of the Business Facilitation Act, 2022.

At the meeting, shareholders also approved a mandate for the company to raise up to N30 billion through equity, alongside other key resolutions, including a dividend payout and an increase in share capital.

Mr Ayebae will be succeeded by Abiola Adebayo, a pioneer Executive Director of the company. The board had previously approved Mr Adebayo's appointment as the new Managing Director and Chief Executive Off...