BPE picks firm as advisers for commodity exchange sale

The Bureau of Public Enterprises [BPE] has selected Lead Capital Consortium as the preferred bidder for advisory services on the Nigeria Commodity Exchange (NCX) transaction.

The consortium emerged winner with a score of 83.1 percent to beat PWC and United Capital Consortia which scored 61.4 percent and 58.3 percent to emerge second and third positions.

According to Mr. Alex Okoh, the BPE Head of Public Communications Department, at the close of the opening of the financial and technical proposals submitted by prospective advisers for NCX held by the bureau on March 2, 2017, Lead Capital also submitted a financial bid of N76,304,500 to emerge the preferred bidder. However, its emergence is subject to the approval of the National Council on Privatisation (NCP) Steering Committee on the revitilisation of the NCX and the Chairman of the NCP, Acting President Yemi Osinbajo.