Budgeting Economy News Extra Latest News Planning & Economic Development Privatisation & Commerce

BPE Pre-Qualifies 3 Firms For Calabar, Kano FTZ Concession

The Bureau of Public Enterprises (BPE) has announced that three firms have been pre-qualified and issued the Request for Proposal (RFP) for the concession of the Calabar and Kano Free Trade Zones (FTZs) in the country. The Director General of the Bureau, Mr. Alex Okoh, who announced the qualification of the three companies at the […]

Banking Budgeting Economy News Extra Health & Environment Latest News Manufacturing Planning & Economic Development Privatisation & Commerce

Climate Change: Okonjo-Iweala Tasks World Leaders On Trade Roadmap

The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has charged world leaders to join the WTO in charting a trade roadmap for a just and ambitious global response to climate change. Okonjo-Iweala, who made the call in an opinion article on Climate Change published on Tuesday by Financial Times, explained that […]

Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Privatisation & Commerce

FG Reiterates Commitment To Resuscitation Of Ajaokuta Steel Firm

Nigeria’s Ambassador to the Russian Federation, Prof. Abdullahi Shehu, on Sunday restated Federal Government’s plans to resuscitate the Ajaokuta Steel Company, one of nation’s largest assets, through new discussions with potential Russian investors. The envoy was quoted by the News Agency of Nigeria (NAN) as giving this hint in Moscow during an interview, recalling that […]

Banking Investments/Capital Market Latest News National Assembly Planning & Economic Development Privatisation & Commerce

CBN, AMCON Announce Polaris Bank’s Sale To New Investor

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 percent of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’). This is even as the House of Representatives on Wednesday endorsed the sale […]

Investments/Capital Market Latest News Planning & Economic Development Political Economy Privatisation & Commerce

Nigerian Exchange, U.S Consulate Collaborate To Boost Investment, Trade

The United States Consulate and Nigerian Exchange Limited (NGX) on Friday announced their decision to collaborate on boosting investments and trade between Nigeria and the United States. The partnership was made public at the Closing Gong Ceremony held to commemorate the US Consul General’s courtesy visit to NGX on Friday, 14 October 2022. In his […]

Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Manufacturing Planning & Economic Development Privatisation & Commerce

LCCI Tasks FG On Export Trade Infrastructure Investment, Others

The Lagos Chamber of Commerce and Industry (LCCI) has charged the Federal Government on the need to attract more investments in export infrastructure and other critical areas to sustain the nation’s balance of merchandise trade surplus in the years ahead. The President of the organized private sector (OPS) group, Dr. Michael Olawale-Cole, gave the charge […]

Budgeting Latest News Planning & Economic Development Political Economy Privatisation & Commerce

N206.18Bn Privatisation Proceeds To Partly Fund 2023 Budget – BPE

Barely two hours after President Muhammadu Buhari presented the 2023 Appropriation Bill fiscal estimates to the joint session of the National Assembly on Friday, the Bureau of Public Enterprises (BPE) stated that the N206.18 billion generated through privatisation proceeds would be used to partly fund the deficit in the proposed budget. The President had while […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Power/Electricity Privatisation & Commerce Revenue

FG Not Planning To Sell Transmission Company Of Nigeria – BPE

The Bureau of Public Enterprises (BPE), late Sunday restated its earlier position that the Federal Government had no plans to sell the Transmission Company of Nigeria (TCN). The privatization agency made this clarification in a statement which came some few weeks after it hinted of plans to revive ailing government owned enterprises. Reacting to news […]

Budgeting Economy News Extra Latest News Planning & Economic Development Privatisation & Commerce

FG Inaugurates TWGs To Resuscitate Ailing Privatized Enterprises

The Federal Government has inaugurated four Technical Working Groups (TWGs) to review and implement a strategic roadmap for  the resuscitation of ailing privatized enterprises in the Automobile, Housing (Bricks and Clay), Mines and Steel and Oil Palm sectors  of the nation’s economy. Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, while […]

Budgeting Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Privatisation & Commerce

Confusion Trails Seplat’s Purported Acquisition Of Mobil

…….As NUPRC counters President Buhari’s order on deal  Less than 24 hours after Seplat Energy Plc announced that President Muhammadu Buhari had approved its  cash acquisition of the share capital of Mobil Producing Nigeria Unlimited (MPNU), emerging developments at the highest level of government have indicated that the purported approval may not have passed through […]