Ehis Nzewuji

Transcorp Power Consortium has emerged the preferred bidder for Afam Power (Afam Power Plc & Afam Three Fast Power Limited) with a bid price of N105.3 billion to beat DiamondStripes Consortium which bid N102. 388 billion. Similarly, Quest Electricity Nigeria Limited emerged the preferred bidder for the Yola Electricity Distribution Company (YEDC) with a bid …

Transcorp Power Consortium, Quest Electricity Win Bids for Afam GenCo, Yola DisCo Read More »

RE: ALSCON: Court Threatens To Jail BPE DG The Bureau’s attention has been drawn to a Premium Times publication of Tuesday, 23rd April, 2019 with the headline: ALSCON: Court threatens to jail BPE DG. Although we believe that the Premium Times publication falls far short of accepted standards of balanced and responsible journalism, we shall refrain from making detailed comments here …

Rejoinder: BPE Has Complied With All Orders, Directives Of The Courts On ALSCON – Okoh Read More »

It has become imperative to restructure the Bank of Agriculture (BOA) to substantially improve its operating framework and governance structure with a view to enhancing its efficiency, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has declared.  Speaking   at the kick-off meeting for the recapitalisation of the Bank on …

BPE To Restructure the Bank of Agriculture (BOA) Read More »

The National Council on Privatisation (NCP) has granted approval to Diamond Stripes Consortium, Transcorp Power Consortium and Unicorn Consortium to proceed to the financial bids opening stage for the acquisition of 100 percent shares in the Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited). Rising from its first Meeting for …

NCP Gives Note To Three Firms For Afam Privatisation Read More »

The Senate Committee on Privatisation has called for the review of the Bureau of Public Enterprises (BPE) budgeting structure to reflect cost of transactions. The Vice Chairman of the Committee, Senator Yahaya Abdullahi made this known during the BPE’s 2019 budget presentation at the National Assembly, Abuja on Monday, April 1, 2019. He noted that …

BPE Budgeting Structure Set To Be Reviewed To Reflect Cost Of Transactions Read More »