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Consumers seek power sector privatisation review

Electricity consumers yesterday urged the Federal Government to review the power sector privatisation that led to the handing over of the power assets to private firms.

Discos: Why electricity metering is low

The pace of metering of electricity consumers is slow because of low liquidity in the sector, it was learnt on Thursday from the Abuja Electricity Distribution Company (AEDC), General Manager, Corporate Communication, Mr. Oyebode Fadipe.

Sam Amadi: Nigeria’s power sector designed to fail

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.”

Ex-PHCN staff engage law firm over entitlements from BPE

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).

BPE cautions ex-PHCN staff over purported verification exercise

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.

MTN Nigeria admitted into NSE Premium Board

The Nigerian Stock Exchange on Thursday announced the listing by introduction of 20.35 billion ordinary shares of MTN Nigeria Communications Plc.

Transcorp wins bid for Afam power plant

The chairman, Technical Committee of the National Council on Privatization (NCP), Mr. M.K. Ahmed on Tuesday announced Transcorp Power Consortium as the winner of the commercial and financial bid for the privatization of Afam Power Plc.

Nigeria loses $29.3 billion yearly to erratic power supply

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.
Bank of Agriculture - BoA

Federal government to divest 60% stake in Bank of Agriculture

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.
Bank of Agriculture - BoA

Minister: Federal government to finalise Bank of Agric recapitalisation in 90 days

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.

BPE: Federal government to focus next phase of privatisation on PPP

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.
Usman Shamsudeen

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.

BPE: No plans to sell Lagos Trade Fair complex

The Bureau of Public Enterprises (BPE) on Tuesday assured protesting traders operating at the Lagos International Trade Fair Complex (LITFC) that there are no plans by the Federal Government to sell the outfit.

BPE receives five bids for Yola DisCo, Afam GenCo

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 raises Kainji, Jebba capacity to 922MW, decries N72bn energy debt

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.

BPE to address challenges of privatised enterprises

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.

Federal government inaugurates committees to tackle privatisation challenges

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 Minister of Information and Culture, Alhaji Lai Mohammed, addressing the ex-workers of the defunct Nigeria Airways, who staged a rally in support of President Muhammadu Buhari in Lagos on Friday.

Ex-Nigeria Airways workers recount 14-year ordeal of non-payment of benefits

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.

Recent Stories

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.

James Hope College celebrates its first graduation ceremony

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.
Nigeria Police

Police arrest housewife for allegedly pouring hot water on husband

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.

Christine Lagarde resigns as IMF chief

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.

House of Reps commends President Buhari for signing ACFTA

The House of Representatives has commended President Muhammadu Buhari for signing the African Continental Free Trade Agreement (ACFTA).
Kola Ologbondiyan

PDP: Ex-President Obasanjo’s letter vindicates our stance

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.