Economy News Extra Foreign Investments/Capital Market Latest News Privatisation & Commerce

Alibaba Raises $12.9Bn In Hong Kong’s Landmark Listing

Alibaba Group, Chinese e-commerce giant, has  raised up to $12.9 billion in a landmark listing in Hong Kong. The deal which will be seen as a boost to Hong Kong following more than five months of anti-government protests and its recent slide into its first recession in a decade, is the largest share sale in […]

Economy News Extra Investments/Capital Market Latest News Manufacturing Political Economy Privatisation & Commerce

Again, LCCI Harps On Imperative Of Investment-Friendly Policies For Growth

The Lagos Chamber of Commerce and Industry (LCCI) on Friday reiterated the need for the Federal Government to show more commitment to the promotion of investment-friendly policies as a strategic option of attracting capital into the economy and positioning it on the path of sustainable growth. The President of the organized private sector (OPS) group, […]

Economy News Extra Infrastructure & Capital Projects Latest News Privatisation & Commerce

Ajaokuta Project Will Be Completed Within Two Years – Minister

Despite some challenges it is facing of the revitalization of the multi-billion Naira Ajaokuta steel project, the Federal Government on Friday said that ongoing reactivation of  the project would be completed within the next two years. The Minister of Mines and Steel Development, Olamilekan Adegbite, set this timely for the re-opening of the moribund plant […]

Budgeting Economy News Extra Latest News National Assembly Privatisation & Commerce Revenue

NASS Tasks MDAs On Measurable Targets For Budget 2020

The National Assembly has charged federal Ministries, Departments and Agencies (MDAs) to provide achievable targets that are measurable with timelines for the implementation of the 2020 budget. The President of the Senate, Senator Ahmad Lawan, who gave the charge at the opening session of the two-day Public Hearing on the 2020 Appropriation Bill on Wednesday, […]

Budgeting Economy News Extra Latest News Political Economy Privatisation & Commerce

BPE Generates N135Bn Revenue In Fiscal 2019 – DG

The Director General of the Bureau of Public Enterprises (BPE) Mr. Alex A. Okoh, on Sunday confirmed that the privatization agency had so far generated N135 billion out of the N220 billion set for it as revenue target for 2019 fiscal year. Okoh, who disclosed this during an interactive forum with the Senate Committee on […]

Economy News Extra Investments/Capital Market Latest News Power/Electricity Privatisation & Commerce

Transcorp Plc Wins Afam Power GenCo Bid

Transnational Corporation of Nigeria Plc, (Transcorp Plc) has been named the preferred bidder for Afam Electricity Generation Company (GenCo) in furtherance of government’s efforts to increase electricity generation through private sector investments. Transcorp was successful with its offer of N105.3 billion (about $293 million) for the power plant, which operates a natural-gas fired power plant […]

Economy News Extra Latest News Manufacturing Privatisation & Commerce

BFIG Asks BPE To Comply With Supreme Court Ruling On ALSCON

The legal counsel to BFI Group, Barr. Patrick Ikwueto, a Senior Advocate of Nigeria (SAN), has written to the Bureau of Public Enterprises (BPE) asking the privatization agency to immediately and unconditionally comply with the July 6, 2012 judgment of the Supreme Court on the ownership of the multi-million aluminium processing plant. Ikwueto formally communicated […]

Economy News Extra Latest News Privatisation & Commerce

FG Commences Commercialistion of River Basin Devt Authorities

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, on Friday disclosed that the Federal Government had kicked off the process of partial commercialisation of four River Basin Development Authorities (RBDAs) in the country. The affected river basins are the Niger-Delta, Sokoto-Rima, Ogun-Osun and Upper Niger river basin development authorities. Okoh […]