Red Star Express eyes higher growth from FedEx

Group Managing Director, Red Star Express Plc, Auwalu Babura, yesterday said the enhanced structure of its business and a renewed partnership with its major partner, Federal Express, would lead to higher growths in the years ahead.

Babura spoke yesterday in Lagos at the Nigerian Exchange (NGX) during a closing gong ceremony to commemorate the 30th anniversary of Red Star Express.

“FedEx has decided to increase its investments in Nigeria and have upgraded their relationship with us, opening us up to bigger opportunities,” Babura said.

He said the company would continue to engage the capital market community and leverage other opportunities provided by the Exchange to boost its growth.


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