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 […]
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 […]
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 […]