The National Council on Privatisation (NCP) on Wednesday hinted of its intention of merging the Bank of Agriculture with the Central Bank of Nigeria’s (CBN) NIRSAL Microfinance Ltd as part of its efforts to improve the operational efficiency of government-owned institutions nationwide. To achieve this goal, the council also expressed its plans to inject new […]
The Vice President and Chairman of the National Council on Privatisation (NCP), Sen. Kashim Shettima has inaugurated the newly re-constituted NCP with a charge to members to champion the road to the economic prosperity of the Nation. Inaugurating the Council at the State House in Abuja, Shettima advised the new members to fully embrace the […]
The National Council on Privatisation (NCP) has approved nine companies to immediately commence a nationwide verification of NIPOST Properties & Development Company Limited, with a view to determining the current titles and ownership status of the properties nationwide. The decision on the entities was taken during the 2nd meeting of the Council this year chaired by […]
….endorses merger of Egbin Power, KEPCO Plant The National Council on Privatisation (NCP) has approved Mainstream Energy Solutions Limited (MESL) as the preferred bidder for the concession of the Zungeru Hydroelectric Power plant (ZHPP) for a yearly fee of $70,000.251 over the next 30 years. The Council, which gave the approval at its 2nd meeting for […]
The Bureau of Public Enterprises (BPE) has announced that three firms have been pre-qualified and issued the Request for Proposal (RFP) for the concession of the Calabar and Kano Free Trade Zones (FTZs) in the country. The Director General of the Bureau, Mr. Alex Okoh, who announced the qualification of the three companies at the […]
The Federal Government has inaugurated four Technical Working Groups (TWGs) to review and implement a strategic roadmap for the resuscitation of ailing privatized enterprises in the Automobile, Housing (Bricks and Clay), Mines and Steel and Oil Palm sectors of the nation’s economy. Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, while […]
The Bureau of Public Enterprises (BPE) has issued discharge certificates to three privatized enterprises which were earlier de-listed from monitoring activities by the Bureau. The companies are, Cement Company of Northern Nigeria (CCNN) located in Sokoto State; Federal Superphosphate Fertilizer (FSFC), Kaduna State and Ikoyi Hotels Ltd. (Southern Sun), Lagos State. Presenting the certificates to […]
The Nigerian National Petroleum Company Limited (NNPCL) has expressed interest in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs). The company’s Managing Director, Mallam Mele Kyari, who disclosed this when he led top management team of the entity on a courtesy visit […]
The Nigerian National Petroleum Company Limited (NNPCL), has expressed interest to participate in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs). The company’s Managing Director, Mallam Mele Kyari, who disclosed this when he led top management team of the entity on a […]
The Vice President, Prof. Yemi Osinbajo, has said that quality and affordable healthcare are central to Nigeria’s socio-economic development. The Vice President, this remark at the inauguration of the Health Sector Reform Committee recently. Osinbajo noted that “a society is probably only as prosperous, developed and happy as its healthcare system which is central to […]