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Bureau of Public Enterprises

Federal government to review supply of meters’ scheme over infractions

There is a looming policy summersault in the nation’s troubled power sector over ongoing Meter Asset Provider (MAP) scheme initiated by the Federal Government recently.
Aluminum Smelter Company of Nigeria (ALSCON)

ALSCON: BFI Group to reinstate $2.8 billion US suit against federal government

There are indications that the Federal Government may yet be engaged in another embarrassing legal battle involving BFI Group, which, newsmen gathered, has perfected plans to reinstate a $2.8 billion U.S. law suit over the activation of the Share Purchase Agreement (SPA) on the Aluminium Smelter Company of Nigeria (ALSCON), in Ikot Abasi, Akwa Ibom State, to Dayson Holding/UC RUSAL against the Supreme Court’s judgment of July 6, 2012.

Federal government urged to consider sale of public enterprises to fund 2020 budget

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has advised the federal government to consider the privatisation of federal government-owned enterprises to fund the N10.33 trillion 2020 budget, which has a total deficit of N2.28 trillion.

BPE 2019 budget revenue generation hits N135 billion

The Bureau of Public Enterprises (BPE) has so far contributed N135bn out of the N220bn it is expected to generate for the 2019 fiscal budget, Director General of the privatisation agency, Mr. Alex A. Okoh has revealed.

BPSR seeks BPE partnership to revive moribund industries

Director General of the Bureau of Public Service Reforms (BPSR), Mr. Dasuki Ibrahim Arabi is seeking the collaboration of the Bureau of Public Enterprises (BPE) to reform some moribund industries in the country.

Federal government to raise N1.07 trillion from sale of assets to fund budgets

The Federal Government is planning to raise about N1.07tn from the sale of property and businesses in the next three years to shore up dwindling revenues.

BPE: Federal government, Siemens power project takes off December

Barring any unforeseen circumstances, the implementation of the agreement which the Federal Government signed with Siemens for the resolution of challenges in the power sector will take off in December.
Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday.

BPE: Siemens power sector roadmap to commence by year-end

The implementation of the technical and commercial proposal on electrification roadmap for Nigeria by Siemens Group will commence by the end of the year, the Director-General, Bureau of Public Enterprises, Alex Okoh, has said.
Power

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.

Recent Stories

Former Edo state Attorney-General and Commissioner for Justice, Barr. Osagie Obayuwana, has urged the National Assembly to repeal the law setting up the Department of State Services (DSS), saying it has outlived its usefulness.

Former Edo attorney-general urges National Assembly to repeal DSS law

Former Edo state Attorney-General and Commissioner for Justice, Barr. Osagie Obayuwana, has urged the National Assembly to repeal the law setting up the Department of State Services (DSS), saying it has outlived its usefulness.
A senator representing Ondo South Senatorial District, Nicholas Tofowomo, on Saturday condemned the re-arrest of Omoyele Sowore by the personnel of the Department of State Services inside the courtroom on Friday where Justice Ojukwu was presiding

Ondo lawmaker decries DSS court room invasion

A senator representing Ondo South Senatorial District, Nicholas Tofowomo, on Saturday condemned the re-arrest of Omoyele Sowore by the personnel of the Department of State Services (DSS) inside the courtroom on Friday where Justice Ijeoma Ojukwu was presiding.
The Nigeria Police Command in Rivers says it intercepted and arrested two fake soldiers allegedly involved in a robbery operation within new Port Harcourt GRA on Wednesday.

Police nab man for allegedly killing neighbour in Niger

The Police in Niger have arrested one Mohammed Isa, 27, of Dogon Ruwa village of Bosso Local Government Area of the state, for allegedly shooting and killing his neighbour, Umaru Abubakar, 30, with a Dane gun.

Federal government files appeal against $9.6 billion P&ID judgement

Nigeria’s Federal Government (FG) on Friday filed a new and substantive challenge in the English Courts in the ongoing fight against the vulture-fund-backed P&ID.
Thobile Mbopkwa from South Africa has emerged the champion of the IAU African Championship held in Remo on Saturday.

South Africans emerge winners of Remo marathon

Thobile Mbopkwa from South Africa has emerged the champion of the IAU African Championship held in Remo on Saturday.