Press Release

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 »

A total of Five (5) bids were received by the Bureau of Public Enterprises (BPE) on Friday, March 15, 2019—being the deadline for the submission of technical and financial proposals for the acquisition of the Yola Electricity Distribution Company (YEDC) and Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited) by …

Five Prospective Core-investors Indicate Interest In YEDC, Afam Electricity GenCo… BPE Boss Assures Highest Level of Integrity Read More »

The attention of the Bureau of Public Enterprises (BPE) has been drawn to the alleged closure of the Lagos International Trade Fair Complex (LITFC) by the Traders’ Associations operating in the Complex and the protest by the said association over the purported sale of the Complex. For the avoidance of doubt, the Bureau states that …

BPE Will Not Sell Lagos International Trade Fair Complex… Facility Will Be Concessioned Through Competitive Transaction Process Read More »

In its determination to ensure that privatised enterprises in the country provide dividends to the citizenry in line with the privatisation policy