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Bureau of Public Enterprises
The House of Representatives on Wednesday directed its Committee on Privatization and Commercialization to commence probe on the Director General of the Bureau of Public Enterprises (BPE), over his plans to sell the Afam Power Plc as scrap, asking the National Council on Privatization (NCP) to immediately suspend the processes.
The House of Representatives has opposed the alleged plan by the Federal Government to sell Afam Power Generation Company as a dilapidated asset.
Barely one month after the Bureau of Public Enterprises (BPE), through the National Council on Privatisation (NCP), announced commencement of plans to re-concession the Lagos International Trade Fair Complex on Badagry Expressway, current occupiers who are on different long lease agreements with the Federal Government have reacted, warning that they should be excised from the new concession to avoid trouble.
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.
The Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years with the public offering of Skyway Aviation Handling Company (SAHCO) Plc for the sale of 406,074,000 ordinary shares. The public offer opens on Monday, November 12, 2018 and closes on Wednesday, December 19, 2018.
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 Buhari Media Organisation (BMO) has described recent criticism by the Peoples Democratic Party (PDP) Presidential Candidate Atiku Abubakar on the federal government’s plan to sell some public assets as laughable.
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.
The Minister of Information and Culture, Alhaji Lai Mohammed, on Monday urged the National Assembly to expeditiously pass eight privatisation sector reform Bills pending before it.
The Bureau of Public Enterprises (BPE) is on the verge of carrying out an impact assessment exercise on select privatised enterprises under the reform and privatisation programme of the federal government, the Director General of the Bureau, Mr. Alex Okoh, has disclosed.
Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.
Minister of Industry, Trade and Investment, Dr. Okechukwu Enyinna Enelamah, has said that the Federal Government is ready to provide indemnity to ensure that the re-concession of the Lagos International Trade Fair Complex (LITFC) is successful.
The Bureau of Public Enterprises (BPE) has announced December 31, 2019 as the final performance review date for 10 electricity distribution companies (Discos) in the country.
Olisa Agbakoba (SAN), former president of Nigerian Bar Association (NBA), said on Sunday that President Muhammadu Buhari has completely lost the goodwill with which he rode to power in 2015.
The Premier League published a message to fans on Friday calling on them to support their teams in the right way following recent incidents of abuse that have blighted the game.
Personnel of the Nigeria Security and Civil Defense Corps attached to the Nasarawa State Pensions Bureau in Lafia, have attacked journalists for taking pictures of a document pasted on the board’s notice board.
British Prime Minister Theresa May left the EU summit on Friday exactly as she had arrived — promising talks to extract reassuring words from EU leaders to help her sell the Brexit deal back home.
Ogun State government says it plans to spend over N9.50 billion for the completion of model schools across the three senatorial districts in the state.
Activities closed for the week on the Nigerian Stock Exchange on a positive trend following gains recorded by some highly capitalised stocks after two consecutive days losses.
Federal Road Safety Corps (FRSC) says total of 128 persons died, while 2, 254 others were injured in 673 road crashes across Nigeria in September
Nigeria’s former president and chairman of the Advisory Board of the first Inter-Africa Trade Fair, (IATF), Chief Olusegun Obasanjo, yesterday in Cairo, Egypt, decried the lethargic disposition of some African leaders including Nigeria, towards the signing of the African Continental Free Trade Agreement, (AfCFTA).
Independent National Electoral Commission (INEC) in Sokoto says no fewer than 140,000 permanent voters’ cards are yet to be claimed by the electorate in the state
Henry Onyekuru and Bonaventure Dennis will now play in the UEFA Europa League after their respective teams finished third in their Champions League first round groups.
Boca Juniors' appeal to have River Plate disqualified from the Copa Libertadores final for the behaviour of the club's supporters has been rejected.