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Bureau of Public Enterprises
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.
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.
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.
Unai Emery is “not in a good position”, says Andrey Arshavin, with it difficult for anybody to fill the shoes of Arsene Wenger at Arsenal.
Still on the incident in Germany involving Sen Ike Ekweremadu and IPOB members, a Pro-Umahi group in the United Kingdom (UK), Divine Mandate International (DMI), says it won’t tolerate any act of intimidation on Governor David Umahi of Ebonyi State or any other Igbo leaders by the outlawed Indigenous People of Biafra (IPOB) in the UK.
The Nigeria Governors’ Forum (NGF) has said that the establishment of Special Agro-processing Zones (SAPZs) in Nigeria has the potential of attracting between one to four billion dollars investments into the country.
The Minister of State for Budget and National Planning, Mr Clement Ikanade Agba, has urged the staff of the ministry to work as a team to ensure that next 2020 Budget is ready next month.
The new Minister of Niger Delta Affairs, Senator Godswill Akpabio, and the Minister of State, Mr. Festus Keyamo, SAN, on Wednesday assumed duty at the Ministry with the promise to leave huge footprints in the development of the Niger Delta region.
The Permanent Secretary, Federal Ministry of Communications, Mr. Musa Istifanus, has called for the continuous use of emerging technologies at workplaces especially the public sector to drive service delivery in the country.
The event, held at Adeyemi Bero Hall of the Lagos State Secretariat, was witnessed by the leaders and members of the All Progressives Congress (APC) from all Local Government Areas and Local Council Development Areas in Lagos.
The election petition tribunal sitting in Jos, Plateau State, on Thursday, ordered the All Progressives Congress (APC) and its candidate, Haruna Maitalla, to open and close their defence on Friday.
Arsenal forward Nicolas Pepe has revealed the club's aims for the 2019-20 season.
Super Eagles forward Alex Iwobi was left on the bench by Marco Silva on Saturday as Everton defeated Watford 1-0 at the Goodison Park.