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

BPE To Handle Public Enterprises, Infrastructure Concession

The Vice President and Chairman, National Council on Privatisation (NCP), Prof. Yemi Osinbajo has clarified that with the new Federal Government’s circular on the administration of Public-Private Partnership (PPP) projects in the country, the Bureau of Public Enterprises (BPE) shall be responsible for the concession of public enterprises and infrastructure already listed in the First […]

Economy News Extra Investments/Capital Market Latest News

BPE Commends Transcorp Consortium On Hilton Hotel’s Transformation

The Director General, Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has commended Transcorp Consortium for its commitment in implementing the Post Acquisition Plan for Transcorp Hilton Hotel. Okoh  was quoted in a statement by the privatisation agency’s Head, Public Communications, Amina Tukur Othman, as giving the commendation at the Presidential Villa, Aso Rock, Abuja […]

Economy News Extra Latest News Power/Electricity

NCP Approves Preferred Bidders For Afam GenCo, Yola Disco

The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation Company (Afam Power Plc and Afam Three Fast Power Limited). The approval was granted based on the bid price of N105.3 billion (about US$343.6m) offered by the Consortium while Diamond Stripes Consortium was approved as […]

Latest News Power/Electricity

FG To Sell Afam Genco, Yola Power Distribution Firm

The National Council of Privatisation (NCP) has granted approval to the Bureau for Public Enterprises (BPE) to commence the process of privatizing the Afam Power Generation Company Plc and the Yola Distribution Company. The government’s decision, aimed at improving the efficiency of the nation’s power sector, was confirmed in a statement issued by the Council […]