12 results
- 6 Nov 2020
FG Sells Afam Power Plants to Transcorp
Vice President Yemi Osinbajo has said that Transcorp Consortium has acquired Afam Power Plc and Afam Three Fast Power Limited and has committed to investing $350 million (N133.9 billion) in five…
- 16 Nov 2020
FBNQuest Acts as Financial Adviser, Consortium Lead on Privatisation of Afam Power Plc
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, was appointed by the Bureau of Public Enterprises, on behalf of the National Council on…
- 22 Jul 2024
AEDC Rejigs Management Team; Appoints Chijoke Okwuokenye as MD/CEO
Abuja Electricity Distribution Company (AEDC) has announced the appointment of Engr. Chijioke Okwuokenye as the acting Managing Director, with immediate effect. Engr. Chijioke Okwuokenye This…
- 16 Mar 2009
FG to Offload Stake in Nitel
Federal government has began the process of selling its stake in Nigerian Telecommunications Limited (Nitel) as the National Council on Privatization (NCP) has approved the advertisement for…
- 8 Jun 2009
Revocation of SSPA: Death Call for Nitel
The federal government through announced last week the revocation of Shares Sales Purchase Agreement (SSPA) it entered with Transnational Corporation of Nigeria (Transcorp) and subsequently…
- 26 Jun 2022
New Book Reveals How Atiku, Joda, Ndukwe Saved 2001 GSM License Auction
Expectations were high on January 19, 2001, the day scheduled for the GSM auction technically referred to as the Digital Mobile License auction. NCC officials, observers, and accredited journalists…
- 22 Feb 2010
Nitel: Another Privatization?
The privatization of Nigerian Telecommunications Limited (Nitel) has entered the history books as the most controversial laced with roadblocks. At a point, it appeared the privatization of the telco…
- 17 Jan 2021
Heirs Holdings Acquires 45% Per Cent of OML 17 from Shell, Total and ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed…
- 28 Dec 2021
Transcorp Hotels Appoint Bola Onagoruwa as an Independent Non-Executive Director
The Board of Transcorp Hotels Plc. Nigeria’s leading hospitality brand and owners of the award-winning Transcorp Hilton Abuja, Transcorp Hotels Calabar, and online booking platform for accommodation,…
- 4 Aug 2008
BNP Paribas to Advice on Nitel Sales
BNP Paribas Consortium to offer Technical advisory services for the privatization of the Nigerian Telecommunications (NITEL) and its mobile outfit (MTEL), following the emergence of the consortium as…
- 28 Apr 2015
FG Hands Over NITEL to NATCOM, Core Investor
Federal government yesterday finally handed over the beleaguered first national telecommunications company to new core investor, NATCOM Consortium. At a ceremony attended by notable persons in the…
- 25 Aug 2008
Senate Rejects BNP Paribas’s Appointment
The Senate Committee on Communications have adduced various reasons for rejecting the appointment of BNP Paribas as consultant/adviser to the National Council on Privatization (NCP) in a bid to fund…