PEACOCK OPENS 5 SUBSIDIARIES IN UK

A Nigerian Travel Management Company, Peacock Travels and Tours Ltd, said it has opened five new subsidiaries in the United Kingdom.

The opening ceremony of the companies was held in London, attended by top UK government officials including the Speaker of the London Borough of Hackney, Ms Susan Fajana-Thomas; and a representative of Her Majesty, the Queen of England, Deputy Lieutenant of Hackney, Col. Roderick Morris, a statement by of Head of Corporate Affairs of the company, Aderemi Awolaiye, said.

The launching came about a year after the company extended its operations to South Africa, it said.

The five new subsidiaries are Peacock Travels and Tours, Peacock College, Peacock Aviation Training Centre, Peacock Bureau De Change, and Peacock Property.

Group Executive Chairman, Peacock Group of Companies, Chief Segun Phillips at the ceremony said the relationship between UK and Nigeria had come a long way and that despite the current economic crises in Europe, he chose to invest there 'as a friend in need'.

According to Chief Phillips, Nigerian is an increasingly important market for British companies, and the UK is one of the largest investors in Nigeria, from oil and gas to financial services and agriculture. He said during the last three years, trade between the two countries increased by .67 per cent, adding that, 'the UK is home to roughly 800,000 people with family ties to Nigeria, and members of the Nigerian Diaspora play an important and valuable role in the UK's economy and society, contributing to a large number of fields from medicine to financial services and to football.'