Just in: FG approves ‘sale’ of remaining 5 Nigerian Mining Corporation subsidiaries

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The Federal Government of Nigeria, through the National Council on Privatisation, NCP, has approved the privatisation of the remaining five (out of the 23) subsidiaries of the Nigerian Mining Corporation (NMC).

A statement by Mr. Chukwumah Nwokoh, the Head, Public Communications, Bureau of Public Enterprises (BPE), on Thursday in Abuja, said the council gave the approval during its fourth meeting for the year.

Nwokoh said the council approved the sale of Naraguta Bricks and Clay Company to University of Jos at the offer price of N45 million and Bricks and Clay Company to Gargam International Services Ltd at the bid price of N63 million.

He said NIMCO Terrazo Company Ltd was sold to Alheri (JJ) Nigeria Ltd at the offer price of N15.297 million, Gano Quarry to A.A Y International Mining Company Ltd at the…



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