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The Bureau of Public Enterprises (BPE) has received five bids and proposals for the acquisition of the Yola Electricity Distribution Company (YEDC) and Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited) by prospective core-investors.
Mainstream Energy Solutions Limited (MESL) said it can now generate 922 megawatts (MW) at Kainji, Jebba hydropower plants in Niger State but that 72 billion energy invoices remains unpaid in the Nigerian Electricity Market.
The Bureau of Public Enterprises (BPE) has inaugurated four committees to come up with a mechanism for addressing the complexities and challenges hindering the growth and development of some privatised enterprises in the country, which were taken over by core investors over 10 years ago.
The Bureau of Public Enterprises (BPE) on Thursday inaugurated four committees to come up with a blueprint for addressing various complexities and challenges hindering the growth and development of some privatised enterprises in the country which were handed over to the core investors over ten years ago.
The Bureau of Public Enterprises (BPE) at the weekend said the $3.2 billion Aluminium Smelting Company of Nigeria (ALSCON), located at Ikot Ibasi, Akwa Ibom State, was set to recommence operations as the hitherto existing gas supply challenge that rocked the establishment had been largely resolved by the bureau and other relevant stakeholders.
The Bureau for Public Enterprises (BPE) has signed an agreement to concession terminal ‘B’ of the Warri Old Port to Ocean and Cargo Terminal Services Limited.
The Director-General of the Bureau of Public Enterprise (BPE), Alex Okoh, has been asked to disqualify himself from the management board of BEDC electricity plc.
The Bureau of Public Enterprises (BPE) has commenced the partial commercialisation of four River Basin Development Authorities (RBDAs) in the country, including those of Niger-Delta, Sokoto-Rima, Ogun-Osun and Upper Niger.
Moves by Skyway Aviation Handling Company (SAHCO) to get enlistment on the Nigerian Stock Exchange (NSE) received a boost on Monday as the company officially made an initial public offer for the sale of 406,074,000 shares with effect from Nov. 12.
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government is implementing critical reforms and privatisation policies in key sectors of the economy to address the abysmal failure of public enterprises and halt the drain on the treasury
Amidst on-going controversy over Nigeria’s debt sustainability, the Director General of Bureau of Public Enterprises, BPE, Alex Okoh, has said that the fiscal policy will do better raising budgetary funding from privatization.
Justice Inyang Ekwo of the Federal High Court in Abuja on Monday adjourned till March 28 hearing in a suit seeking to stop the Independent National Electoral Commission (INEC) from proceeding with the collation, conclusion and announcement of results in the March 9, Governorship and House of Assembly election in Rivers State.
The Christian Association of Nigeria (CAN), in Lau Local Government Area of Taraba, on Monday called on the state and federal governments to take stringent measures to end the incessant kidnappings and killings in the area.
The Independent National Electoral Commission has shifted the date for the issuance of Certificates of Return to the Governor-elect, Mr Babajide Sanwo-Olu, and his deputy, Dr Obafemi Hamzat.
The South East All Progressives Congress, APC, Youths Consultative Forum, has called on the leadership of the All Progressives Congress to zone the position of speaker to them.
The APC Presidential Campaign Council has petitioned the Inspector-General of Police (IGP) and the Director-General of the Department of State Services (DSS).
Former Super Eagles captain, Austin ‘Jay Jay’ Okocha, says one of the reasons he retired from the round leather game was lack of enough playing time.
Disgraced former England international Adam Johnson is believed to have been released from prison after serving three years for child sex offences.
Owing to the non-review of the Multi Year Tariff Order (MYTO) since February 1, 2016, the shortfall of the Nigerian Electricity Supply Industry (NESI) has exceeded N1.4trillion.
Dala Local Government area of Kano State has recorded a large turn out of voters especially women for the governorship re-run elections.
The Personal Assistant to President Muhammadu Buhari on New Media, Bashir Ahmad, has said the president did not campaign for his party, the APC after his re-election because “he wanted to leave the people to express their will”.