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Former chairman of the Nigerian Electricity Regulatory Commission (NERC), Professor Sam Amadi, has said that the nation’s power sector was ab initio designed to fail, “because the government had failed to corporatise and commercialise the sector before privatising.”
About 48,000 disengaged staff of the Power Holding Company of Nigeria (PHCN) have engaged the services of a law firm to get their six years unpaid entitlements from the Bureau of Public Enterprises (BPE).
The Bureau of Public Enterprises (BPE), says it is not conducting another verification exercise for the defunct staff of Power Holding Company of Nigeria (PHCN) as is being circulated in some quarters.
The Electricity Generation Companies (GenCos) at the weekend said the country loses $29.3billion yearly to low supply resulting from load shedding and inadequate facilities.
In the bid to restructure the Bank of Agriculture (BOA) for efficiency, the Federal Government has moved to divest 60 per cent of its stakes in the bank.
The Federal Government says it will finalise the recapitalisation of the Bank of Agriculture (BoA) in 90 days, in collaboration with the Bureau of Public Enterprise.
The next phase of the Federal Government’s Privatization Program will now focus on Public Private Partnerships (PPP), the Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, has disclosed.
Capital Market: MTN listing, NNPC privatisation will spur more participation of investors – ex-minister
The proposed listing of MTN, privatisation of Nigeria National Petroleum Corporation, NNPC, and the remaining power sector privatisation will attract more participation of investors in the capital market and thus enhance financial inclusion in the country, former Minister of National Planning, Dr. Shamshudeen Usman, has said.
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.
Some pensioners and ex-workers of the defunct Nigeria Airways have given accounts of the trauma, untold hardship they went through for more than 14 years they were retrenched without payment of their pensions and benefits.
The James Hope College (JHC) recently marked a milestone in its history. From the Founders’ Dinner on Friday, 28 June 2019 to the Graduation Ceremony on Saturday, 29 June 2019, the college celebrated its pioneer graduating set.
The Police Command in Kano State has confirmed the arrest of a housewife, Aisha Ali, who allegedly poured hot water on the private part of her husband.
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, announced in a statement on Tuesday that she had submitted her resignation from the IMF and it will go into effect in September.
The House of Representatives has commended President Muhammadu Buhari for signing the African Continental Free Trade Agreement (ACFTA).
The Peoples Democratic Party (PDP) has reacted to the latest letter written by former President Olusegun Obasanjo to President Muhammadu Buhari describing the former’s action as patriotic.
The Securities and Exchange Commission, SEC, said that it will continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends.
The National Emergency Management Agency (NEMA) says 14 persons have so far died and four others severely injured in the collapsed three-storey building at Delimi Community of Jos North Local Government Area of Plateau.
The member representing Alimosho Federal Constituency of Lagos State, Olufemi Adebanjo, has accused the police of protecting the vandals that vandalised the pipelines in Ijegun.
The referee accused by Argentina at the Copa America of having made “serious and gross” mistakes during their semi-final defeat to Brazil has hit back at his detractors accusing them of being bad losers.
Suspected bandits have killed 10 people and injured five others in a reprisal attack carried out by a group of bandits in Kirtawa village of Safana LGA of Katsina state.