Punch Editorial Board Published 17 May 2021THE call for Expressions of Interest from investors to purchase five state-owned electricity power generation companies raises both hope and trepidation. The Bureau of Public Enterprises, on behalf of the National Council on Privatisation and the Niger Delta Power Holding Company, is putting the GenCos on the auction block as part of the ongoing reforms and the privatisation programme, to improve the.
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Published 17 May 2021
THE call for Expressions of Interest from investors to purchase five state-owned electricity power generation companies raises both hope and trepidation. The Bureau of Public Enterprises, on behalf of the National Council on Privatisation and the Niger Delta Power Holding Company, is putting the GenCos on the auction block as part of the ongoing reforms and the privatisation programme, to improve the country’s troubled power sector and raise funds. Investor and public optimism is however tempered by the dismal outcome of the flawed 2013 power asset sales and fear that this round could well go the same sordid way.
Poor electric power generation: Audit operations of NDPHC s Mgt- Stakeholders vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Does Privatisation Serve the Public Interest?, By Eric Teniola
The privatisation programme was just an opportunity by government to allow very few individuals to buy our common wealth at give away prices. Some of these companies privatised were established through loans procured by the central government on behalf of the people of Nigeria, and it is the people of Nigeria who will have to repay the loans. Of what benefit has this privatisation programme been to the people of Nigeria and what impact?
Between 1988 and 1993, Alhaji Hamzat Rafindandi Zayyad (1937-2002) dominated the headlines in this country. He was in the news not because he was the first chartered accountant from the old northern Nigeria. He became an accountant in 1963. He was in the news not because he was a mentor and godfather to many public officers, especially from northern states, including the current governor of Kaduna State, Mallam Nasir El-Rufai, a surveyor, who has been elected twice now.
IFLR podcast: in conversation with Olaniwun Ajayi
The winners of Most Innovative Nigerian Law Firm of the Year in 2020 discuss some of last year’s ground-breaking work and what lies ahead in the capital markets, power sector, telecoms and more March 11 2021
In the latest instalment of our podcast, IFLR speaks with Nigerian law firm partners Olaniwun Ajayi, Muyiwa Balogun, Yewande Senbore and Ibi Ogunbiyi.
Olaniwun Ajayi was named Nigerian Law Firm of the Year in IFLR’s inaugural Africa Awards. This award came off the back of its innovative work on several pioneering transactions.
One particularly notable deal was the initial public offering (IPO) of telecoms company Airtel. The IPO raised several first-of-its-kind challenges and was a huge milestone in the Nigerian capital markets. As Yewande Senbore explains, the listing was the first foreign inward IPO in Nigeria and the first to be executed in parallel with a capital raise on a second market (L