By Obinna Chima
The Central Bank of Nigeria (CBN) has engaged KPMG LLP as transaction adviser for the newly-created Infrastructure Corporation of Nigeria Limited (InfraCorp).
The Director, Corporate Communications, CBN, Mr. Osita Nwasinobi, confirmed this in a telephone interview with THISDAY yesterday.
The appointment was made after considering bids by other global professional services and management consultancy firms, which included PwC, Boston Consulting Group, and McKinsey.
Nwasinobi, however, said the appointment of KPMG as transaction adviser was different from that of the asset manager, whose deadline was extended on Monday by two weeks, to March 30.
President Muhammadu Buhari had approved the launch of the N15 trillion company as part of efforts to reposition the economy and insulate it from external shocks after the COVID-19 pandemic.
TODAY
March 17, 2021
The Central Bank of Nigeria (CBN) has appointed KPMG LLP as transaction adviser for the newly-created Infrastructure Corporation of Nigeria Limited (InfraCorp).
The appointment was made after considering bids by other global professional services and management consultancy firms, which included PwC, Boston Consulting Group, and McKinsey.
The Director, Corporate Communications, CBN, Osita Nwasinobi, confirmed the development.
Nwasinobi, said the appointment of KPMG as transaction adviser was different from that of the asset manager, whose deadline was extended on Monday by two weeks, to March 30.
President Muhammad Buhari had approved the launch of the N15 trillion company as part of efforts to reposition the economy and insulate it from external shocks after the COVID-19 pandemic.
KPMG appointed transaction adviser for Nigeria s N1trn infrastructure company thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
By James Emejo
The Central Bank of Nigeria (CBN) has extended by two weeks, the deadline for Expression of Interest from qualified asset managers active in the infrastructure sector to manage the Infrastructure Corporation of Nigeria Limited (InfraCorp).
The extension was announced in a communiqué yesterday by CBN Deputy Governor, Economic Policy Directorate, Dr. Kingsley Obiora.
The apex bank said the deadline for the receipt of final proposals in response to the detailed Request for Proposals (RfP) has been moved to March 30 from March 16 earlier announced.
It, however, pointed out that the “process remains the same such that upon expression of interest through InfraCorp@cbn.gov.ng, the promoters shall share a detailed RfP document providing potential asset managers with the necessary information to prepare appropriate proposals in line with the promoters’ requirements.”