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Aluminum Smelter Company of Nigeria (ALSCON)

Minister: ALSCON to resume operation soon

Abubakar Bwari, the Minister of State, Mines and Steel Development, says the Aluminum Smelter Company of Nigeria (ALSCON) in Ikot Abasi in Akwa Ibom would resume production soon.

SERAP sues Minister Fashola for failure to disclose money spent on power privatisation

The suit filed on behalf of SERAP by its counsel, Bamisope Adeyanju, read in part: “Publishing the information requested and making it widely available to the public would serve the public interest and provide insights relevant to the public debate on the ongoing efforts to prevent and combat a culture of mismanagement of public funds, corruption and impunity of perpetrators.”

Minister: Nigeria’s agricultural export earnings hit N5 billion

The Minister of Agriculture and Rural Development, Audu Ogbeh, says Nigeria’s agricultural export earnings have increased by 180 per cent, reaching over N5 billion in the last one year.

Nigeria eyes $1.3 billion from asset sales this year

Nigeria expects to raise about N400 billion ($1.3 bn) via asset sales this year, part of which would help finance its record 2018 budget.

BPE: Nigeria targets $1.3 billion from asset sales this year

The Bureau of Public Enterprises, BPE, says it expects to raise N400 billion ($1.3 bln) from asset sales this year, part of which will help finance the 2018 budget.

RMAFC: Nigeria loses $21 billion to non-review of PSCs

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the nation lost about $21 billion in revenue in the last 20 years to non-review of Production Sharing Contracts (PSCs).

Alex Okoh: BPE to review power sector privatisation

The Bureau for Public Enterprises (BPE) says it will review Nigeria’s power sector privatisation process, to remove fundamental flaws hindering effective operations in the sector.

Federal government reforms 140 public enterprises in 30 years – BPE

The Bureau of Public Enterprises (BPE) and its predecessor, Technical Committee on Privatisation and Commercialisation (TCPC) have reformed over 140 public enterprises in 30 years.

SERAP asks Minister Fashola to account for post-privatisation spending on power sector

“The information requested for, apart from not being exempted from disclosure under the FOI Act, bothers on an issue of national interest, public concern, interest of human rights, social justice, good governance, transparency and accountability.”

Governor El-Rufai’s blunders make it easier for PDP to win in 2019 – Sani...

Dr Muhammad Sani-Bello, a leading member of the Peoples Democratic Party (PDP) in Kaduna State, says Gov. Nasiru El-Rufai’s blunders is making it easier for the PDP to return to power 2019.

BPE announces preferred bidder Warri port concession

The Bureau of Public Enterprises (BPE) on Thursday named Ocean & Cargo Terminal Services Limited as the preferred bidder for the concession of Terminal B Warri Old Port in Delta State.

BPE: We won’t compromise on transparency in sale of public assets

Mr Alex Okoh, the Director General, Bureau of Public Enterprise (BPE) has assured that the organisation would not compromise on transparency and integrity in the sale and management of public assets in the country.

Senator Adamu: Why I attacked ex-President Obasanjo over statement on President Buhari

Former governor of Nasarawa State and Senator representing Nasarawa West District in the National Assembly, Abdullahi Adamu, has revealed the reason he attacked erstwhile

BPE privatises 142 enterprises

Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, said the bureau privatised 142 enterprises from inception in 1993 to date.

BPE: 37 per cent of privatised Nigerian firms are failing

About two in five companies privatised by the Bureau for Public Enterprises since inception are not performing, the agency has stated.

AMCON takes over Daily Times

The Asset Management Corporation of Nigeria (AMCON) on Tuesday took over the assets of Daily Times Nigeria Plc, a foremost media establishment in Nigeria, over huge outstanding loan.

NIPOST to operate electronic money order in February

The Nigerian Postal Service, NIPOST, has declared that Electronic Money Order will debut in Nigeria in February, just as Postmaster General of the Nigerian Postal Service (NPS), Mr. Bisi Adegbuyi, said the planned restructuring and modernisation of the Service will not lead to job loss.

ALSCON: Federal govt signs renewed share purchase agreement with UC Rusal

The Federal Government has given official recognition to Messrs UC Rusal, a Russian Company, as the core investor of the Aluminium Smelter Company of Nigeria (ALSCON), Ikot Abasi, Akwa Ibom State, following the signing of the Renewed Share Purchase Agreement between Government and the Russian company in Abuja, on Friday.

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