Business
19 Firms To Bid For Afam, Yola Power Plants– FG
The Federal Government says 19 companies have indicated interest to acquire Afam Power Company and Yola Distribution Company earlier put up for sale.
The Head, Public Communications of the Bureau of Public Enterprises (BPE), Mrs Amina Tukur made this known in a statement last Thursday in Abuja.
She noted that two power companies and seven other companies had submitted bids to buy Afam, while 12 other companies submitted bids for Yola DISCOs.
Tukur stated that some of the companies that submitted Expression of Interest for the two companies were renowned players in the power industry.
It would be recalled that although Yola Distribution Company was successfully privatised and handed over to the core investor in 2013, a force majeure was declared in 2015 by the core investor, citing insecurity in the North-East region of the country.
Following this, the company was duly repossessed by the Federal Government.
The transaction for Afam Power Generation Company on the other hand fell through due to the delay in signing the Gas Supply Agreement (GSAA) and the Gas Transportation Agreement (GTA).
In 2017, the National Council on Privatisation (NCP) gave approval for fresh transaction to privatise the two power companies.
On August 16, 2018, the request for Expression of Interest in the two companies was published by the BPE in national newspapers.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Politics5 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension
-
Featured5 days ago
PANDEF Hails Tinubu For Lifting Emergency Rule In Rivers
-
News5 days ago
FAAC Disburses N2.225trn For August, Highest In Nigeria
-
News5 days ago
FG Ends Passport Production At Multiple Centres After 62 Years
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA