FG scratches surface as NIPOST suffocates under pressures
Federal government recently said it will carve out three subsidiary companies out of the Nigerian Postal Service (NIPOST) with the hopes of turning around the fortunes of the tottering giant.
BPE urges investigation of DisCos
The Bureau of Public Enterprises (BPE) has called for the audit of the 11 distribution companies (DisCos) in relation to their performance seven years after the conclusion of the power sector’s privatisation programme.
No privatisation of refineries, JV assets yet, says BPE
There are no plans yet to privatise Nigeria’s ailing refineries, at least not for the 2020 fiscal year, meaning that the importation of refined products with the attendant subsidy cost, which has eaten up so much of revenue meant for distribution amongst the three tiers of government, will remain.
Yet another deal on Ajaokuta steel complex?
Conflicting signals over what to do with the comatose Ajaokuta Steel Mill is unhealthy. Government appears to be at sea again over what to do or how to save the huge investment on the landmark project...
FG urges farmers to acquire 40% of BoA shares
The Federal Government has appealed to farmers to prepare for the purchase of 40 per cent shares of the newly privitised Bank of Agriculture (BoA), to join in the ownership of the bank.
BPE hinges NNPC’s privatisation on Petroleum Industry Bill outcome
The Director General of Bureau for Public Enterprises (BPE), Alex Okoh yesterday, insisted that the bureau must await the outcome of the Petroleum Industry Bill (PIB) to privatise the Nigerian National Petroleum Corporation (NNPC)....
No ongoing licence renewal for Discos, BPE clarifies
No ongoing licence renewal for the electricity distribution companies (Discos), as their 15-year tenor is yet to elapse though renewable for fresh 10 years, the Bureau of Public Enterprises (BPE) has clarified.
Government mulls palliatives for non-performing privatised firms
The Bureau of Public Enterprises (BPE) has announced plans to assist non-performing state-owned privatised firms. BPE Director General, Mr. Alex Okoh, made this disclosure yesterday at a stakeholders and investors forum in Abuja. He listed some of the palliatives to include waivers and the adjustment of other fiscal and monetary policies that are capable of…