BPE develops framework to curtail global pandemic
As part of efforts to curtail the global coronavirus pandemic ravaging businesses in the country, the Bureau of Public Enterprises (BPE) has said it is developing a framework...
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.
BPE pushes for efficiency with increased FG representation on Discos' board
To address efficiency gaps in the nation's power sector as well as aid reforms are implemented, the Federal Government, will this month, increase its representation on the boards of electricity distribution companies.
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)....
Government concessions Warri Port, gets in N36.4 billion
The Federal Government has concessioned the Terminal ‘B’ Warri Old Port, in Delta State, to Ocean & Cargo Terminal Services Limited, in a bid to increase efficiency, improve service delivery, and ensure modernised port development.
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…
FG reiterates commitment to promoting businesses
The Minister of Information and Culture, Lai Mohammed, has reiterated the commitment of the present administration to promoting the participation of the private sector in Nigeria’s strategic economic agenda.
BPE defends sale of electricity assets
The Bureau of Public Enterprises (BPE), said integrity and transparency were not compromised during the sales of electricity assets in the country.The Director General, BPE, Alex Okoh....