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Bureau of Public Enterprises

House of Reps to probe BPE chief over planned sale of Afam power plant

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.

ICAN advocates special court for graft cases

The Institute of Chartered Accountant (ICAN) has called on the Federal Government to establish special courts that would deal with cases of corruption in a speedy manner.

2018 budget: House of Reps moves to block Afam GENCO sale as scrap

The House of Representatives has opposed the alleged plan by the Federal Government to sell Afam Power Generation Company as a dilapidated asset.

Lagos Trade Fair investors react to federal government’s re-concession plot, seek excise

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.

BPE: How privatisation saved Nigeria $3 billion

The privatization and commercialisation process has freed up over three billion dollars consumed by Public Enterprises (PEs) annually in terms of subventions, waivers and unpaid taxes, the Bureau of Public Enterprises (BPE) says.

BPE begins commercialisation of four river basin authorities

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.

BPE, KPMG sign contract for NIPOST restructuring

The Bureau of Public Enterprises (BPE) and the Nigerian Postal Service (NIPOST) have signed a contract agreement with KPMG — the Transaction Adviser for the postal sector reforms and the restructuring/modernisation of NIPOST.
SAHCO

BPE facilitates SAHCO initial public offer

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.
SAHCO

SAHCO to offer shares to public from November 12

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.
Buhari Media Organisation (BMO)

BMO: Atiku Abubakar’s criticisms of federal government’s asset sales laughable

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.

Lai Mohammed: Federal government working to checkmate failure of public enterprises

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

BPE: Privatisation better than borrowing for budget funding

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.

Lai Mohammed tasks National Assembly on expeditious passage of privatisation reform bills

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.

BPE, NBS, NISER to conduct impact assessment of privatised enterprises

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.
Acting Finance Minister of Finance Zainab Ahmed

Ministers: Federal government can’t fund budget 2018 unless assets are sold

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.

Okechukwu Enelamah: Federal government to indemnify LITFC concessionaires

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.

DisCos: BPE sets deadline for final performance review

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.
Lagos-based lawyer and human rights activist, Mr Olisa Agbakoba

Olisa Agbakoba: Muhammadu Buhari has no goodwill left

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.

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NSE Index rises by 0.37% after two days downward trends

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.