Nigeria hopes to re-acquire "West Africa Magazine"

The High Street Journal reports in a front page story that plans by the "Graphic Corporation", Ghana?s Largest publishing outfit to acquire "West Africa Magazine", may be short-circuited as media observers in Nigeria are optimistic that the recent cancellation of contracts and transactions of the former Abdulsalami Abubakar?s administration by President Olusegun Obasanjo, may affect the acquisition.

The paper quotes "The Guardian", Nigeria?s leading newspaper as reporting last Monday that the West Africa Magazine ?is gone but not yet into extinction?.

The Guarding says the 82-year-old publication has merely slipped from the hands of ??Daily Times Nigeria Plc.?? into those of Graphic Corporation of Ghana, publishers of Accra-based "Daily Graphic".

The High Street Journal says the Ghanaian media outfit took possession of the sub-regional magazine early in the month with a promise to re-launch it at its original base in London in July. The paper says the Graphic Corporation bought the company for ?200,000 in a bid which also had Nigerian Kayode Soyinka, publisher of "Africa Today", as a strong contender.