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BPE: Why Nigerian government is unbundling NIPOST

The ongoing reform of the Nigerian Postal Service (NIPOST) is not privatisation of the entity, but unbundling it into viable subsidiary companies that will operate on the principle of commercial viability.
President of the Senate, Senator Ahmad Lawan, presiding over plenary on Tuesday at the National Assembly, Abuja.5

Senate President tasks power sector C’ttee to look into privatisation deal of 2013

President of the Senate, Ahmad Lawan, on Monday charged the Senate Committee on Power to look at what has happened to the agreement signed in 2013 on the privatisation of power sector.
Akwa Ibom State Governor, Udom Emmanuel, says the idea of random testing for COVID-19 in the state is a waste of government resources.

Akwa Ibom governor warns against violation of 8pm to 6am curfew

Governor Udom Emmanuel of Akwa Ibom state has warned the citizens and residents against violation of the 8 pm to 6 am curfew imposed in the state as part of measures to check criminal activities and the spread of the ravaging novel COVID-19.
The new Chief of Staff to the President, Professor Ibrahim Gambari, has said his primary allegiance would be to President Muhammadu Buhari and not the public.

Nigerian government cuts 2020 budget by N71.5 billion

The Federal Executive Council (FEC) has approved a revision of the 2020 Budget from N10.594 trillion to N10.523 trillion, reflecting a N71.5billion downward review.

BPE opposes power companies’ sale reversal, proposes subsidy

The Bureau of Public Enterprises has opposed the reversal of the privatisation of the country’s power sector despite calls on government from different quarters to repossess the power generation and distribution companies.
Senator Ahmed Ibrahim Lawan

We need to revisit power sector privatisation – Senate president

President of the Senate, Ahmad Lawan, on Thursday said there is a need to revisit the privatisation of the power sector.
Lagos lawyer and human rights activist, Femi Falana

Femi Falana: Use of presidential jet for private event by President Buhari’s family illegal

Femi Falana, senior advocate of Nigeria (SAN), has asked President Muhammadu Buhari to stop members of his family from using aircraft in the presidential fleet.

Electricity workers threaten to resume suspended strike

Workers under the aegis of National Union of Electricity Employees (NUEE) have threatened to resume their recently suspended nationwide strike if the government fail to implement agreement reached with them
The ongoing protests in Chile took a form on Friday afternoon when more than one million Chileans took people stormed the Chile capital city, Santiago’s streets.

Chile protests: More than 1 million join in call for change of government

The ongoing protests in Chile took a form on Friday afternoon when more than one million Chileans took people stormed the Chile capital city, Santiago’s streets.

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.

Report: Why Nigeria’s economic growth is slow

The decline in government revenues and the slow and uneven growth in key sectors of the economy are key factors in the stagnation of the nation’s economic development, an economic analysis conducted by the Centre for Democracy and Development (CDD) shows.

Nigeria needs $3 trillion for infrastructure

Nigeria requires a whopping $3 trillion to bridge its infrastructure gap over a 30-year period, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Monday.
Senate President Ahmed Lawan

Full list of senate committees chairmen, deputy

The President of the Senate, Ahmad Lawan, has named Chairmen of Senate Committees and their Deputies.

Federal government spent N610.2 billion servicing N13 trillion domestic debts in Q1

Within a three-month period, covering January to March this year, the Federal Government spent the sum of N610.2bn paying interest on its domestic debts.
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.
The National Council on Privatisation (NCP) on Tuesday declared Transcorp Power Consortium as the winner of the financial bid for the privatisation of Afam Power Plc.

Power generation falls to 3,390MW, seven plants idle

The nation’s power generation dropped to 3,390.7 megawatts on Monday as seven plants, including three built under the National Integrated Power Project, sat idle.
Nigeria’s Vice president Yemi Osinbajo has debunked rumours stating he has resigned his position as the nation’s vice president.

VP Osinbajo: We will collaborate with NSE to enhance service delivery

Vice President Yemi Osinbajo says the Federal Government will welcome collaboration with the Nigerian Stock Exchange (NSE) in key aspects of the economy including the Ease of Doing Business and privatisation of public enterprises, among others.

Recent Stories

Femi Falana dissociates self from new political group

Human rights lawyer Femi Falana has distanced himself from the newly floated political movement, National Consultative Front (NCF) saying he was not involved in the formation of the group.

NSIA posts N36 billion profit in 2019

The Nigeria Sovereign Investment Authority (NSIA) recorded a profit of about N36.15 billion from its investments in the 2019 financial year but fears worse returns this year due to the impact of the COVID-19 pandemic on its markets.
Arsenal have confirmed that Gabriel Martinelli has signed a new long-term contract with the club.

Gabriel Martinelli signs new Arsenal contract

Arsenal have confirmed that Gabriel Martinelli has signed a new long-term contract with the club.

Ondo guber: PDP disqualifies two aspirants

The Peoples Democratic Party screening panel for the party’s primary election in Ondo State on Friday disqualified two of the nine aspirants jostling to clinch the party’s ticket for the October 10 governorship election.
President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

NLC demands intervention funds for schools

Ahead of the resumption of academic activities in schools for graduating pupils, the Nigeria Labour Congress has called for the immediate release of intervention funds to all institutions to enable them to provide necessary safety measures.