FG considering fresh options to save power sector means acceptance of failure
Nigerians have described recent pronouncement of the Federal Government through the Bureau of Public Enterprises (BPE) that it is considering a number of options, including cost-reflective tariffs and injecting new investors into the electricity distribution and generating companies as a…
BPE targets N300b from concession of LITFC, others to fund last lap of 2018 Budget
…Set to announce bid winner for complex next month The Director-General of Bureau of Public Enterprises (BPE), Dr Alex Okoh, yesterday in Lagos gave update on the activities of the agency, saying the agency is about to raise over N300…
(Special Report) Concession of Lagos Trade Fair complex: odds favour LCCI but…
…Fight by current tenants may be deadly not minding FG’s indemnity pledge Another rather more complicated round of bidding is underway for the re-concessioning of the Lagos International Trade Fair Complex (LITFC) on Lagos-Badagry Expressway. Several veiled firms and the…
Review power firms’ performance now, not next year, consumers tell FG
Barely 24 hours after the Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, disclosed this in a statement that the agency will review the performance of the electricity distribution companies carved out of the defunct Power Holding Company of…
BPE warned against mistakes in selling Afam, Yola Discos as 19 firms bid
Considering the observed inability of existing electricity investors to really pump in the needed fund to lift Nigeria out of the virtuous circle of power failures, leading analysts in the industry, Dr. Mahmud Haruna has called for caution in the…
Mixed feelings trail FG’s offload of 12.4bn shares in NSPMC to CBN, BPE
The recent sale of Federal Government’s 21 percent of its stake in the Nigeria Security Printing and Minting Company (NSPMC), amounting to 12.4 billion shares to the Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises (BPE), has…
Discos, Gencos never assessed assets they bought before handover—Adesina
Core investors in Ikeja Electric and Egbin Power Plc, Sahara Power Group has given fresh insights on the real cause of shocks, back and forth movement of targeted steady electricity supplies across the nation, saying what operators received from the…
SERAP drags Fashola to court, seeks interpretation of spending on power firms
Global best practices on privatization means no more government involvements in terms of expenses either for or on behalf of new owners of privatized government enterprises. However, the Socio-Economic Rights and Accountability Project (SERAP) has observed that this is not…
SIFAX Group-led consortium wins Warri Port Terminal concession
The Bureau of Public Enterprises (BPE) has declared indigenous maritime services company, Ocean and Cargo Terminal Services Limited, a SIFAX Group-led consortium, preferred bidder of Terminal B, Warri Old Port. The event had in attendance the representatives of the National…
NIMASA, BPE pledge to work with Minister’s National Fleet Implementation panel
More agencies of the government have continued to buy into the ongoing activities if the National Fleet Implementation Committee (NFIC) set up by the Minister of Transportation, Rotimi Amaechi to drive return of Nigerian flag on the seas. Addressing a…
