FG, Transcorp sign deal to boost national grid by 966MW
The Federal Government and Transcorp Power Consortium, yesterday, signed a share-sale-and-purchase agreement to add 966 megawatts to the national grid. The deal is on Afam Power Plc and Afam III Fast Power Limited.
BPE assure workers of no job losses in NIPOST reform
Director General of the Bureau of Public Enterprises (BPE), Alex Okoh has assured workers of the Nigerian Postal Service (NIPOST) that the on-going reform...
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.
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.
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...
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.
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.