SALE OF 700,000 SHARES OF THE NIGERIA HOTEL LIMITED (IN-LIQUIDATION) IN LAKE CHAD HOTEL LIMITED, MAIDUGURI

NIGERIA HOTEL LIMITED (NHL) IN-LIQUIDATION SALE OF 700,000 SHARES OF THE NIGERIA HOTEL LIMITED (IN-LIQUIDATION) IN LAKE CHAD HOTEL LIMITED, MAIDUGURI REQUEST FOR EXPRESSION OF INTEREST 1.0 Background and Objectives The Nigeria Hotel Limited (NHL) was incorporated in 1982 as a private limited company with its registered office address at No. 18 Oba Elegushi Road, Ikoyi, Lagos, Nigeria. The Shareholders of the company are: Federal Ministry of Finance Incorporated, New Nigeria Development Company Limited, NICON […]

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PARTIAL PRIVATISATION OF YOLA INTERNATIONAL HOTEL

    INVITES EXPRESSION OF INTEREST (EOI) FROM PROSPECTIVE FIRMS FOR THE PROVISION OF TRANSACTION ADVISORY SERVICES FOR THE PARTIAL PRIVATISATION OF YOLA INTERNATIONAL HOTEL 1.0 Background and Objectives Adamawa State Government in its drive to optimise values of some of its redundant and sub-optimally utilised assets has resolved to unlock the potential of one of its prime assets, Yola International Hotel (YIH). The desire is to optimise the value of the hotel by way […]

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NITEL /MTEL PROPERTY IN LAGOS SOLD TO LAGOS STATE GOVERNMENT

The National Council on Privatisation, (NCP) has approved the sale of a NITEL/MTEL Property located at   number 3-5, Moloney street, Tafawa Balewa Square, Onikan, Lagos The property was one of those listed for sale by the Liquidator of NITEL/MTEL Non-Core assets at the cost of N2.5 billion Naira only. Meanwhile, the property is presently encumbered by the activities of illegal occupants and the Lagos State Government (LASG)has promised a harmless takeover of the property. The […]

9 Firms To Verify NIPOST Properties Nationwide

Nine firms have been approved by the National Council on Privatisation (NCP) under the Chairmanship of the Vice President, Professor Yemi Osinbajo (SAN) to immediately  carry out a nationwide verification of NIPOST Properties & Development Company Limited. The firms which are divided into the six-geo-political zones of the country are, Oghogho Ayanru, Raji Adewale Associates, Alaba Odunlanmi, Law Field Barristers and solicitors and B.A. Wali & Associates. Others are, Aliyu Abubakar & Co, Bola Fabola, […]

NCP Approves MESL As Preferred Bidder For Zungeru Hydroelectric Power Plant

  Also Approves Merger of Egbin Power Plant With KEPCO 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 fee of $USD70,000,000.25 per year for a period of 30 years. The Council, chaired by the Vice President, Prof. Yemi Osibanjo (SAN), which gave the approval at its 2nd meeting for the year 2023, held on […]