Transnational Corporation Plc (Transcorp Group) has announced the listing of its subsidiary, Transcorp Power Plc, by introduction on the main board of the Nigerian Exchange (NGX). This disclosure was contained in a statement released by the Transcorp Group’s Company Secretary, Stanley Chikwendu, on Monday. According to the statement, there will be a “Facts Behind the […]
The Ministry of Finance Incorporated (MOFI) has been directed by the Federal Government to take over from the Bureau of Public Enterprises (BPE), its equity holdings in the 11 successor electricity distribution companies (DiSCos) of the defunct Power Holding Company of Nigeria (PHCN). To ensure this, the MOFI was instructed, in a memo signed by […]
President Bola Tinubu on Monday removed the Executive Vice Chairman/CEO of the Federal Competition and Consumer Protection Commission (FCCPC), Mr. Babatunde Irukera, and the Director-General of the Bureau of Public Enterprises (BPE) from officer with immediate effect. The Special Adviser to the President (Media & Publicity), Chief Ajuri Ngelale, stated that the removal of the […]
The Vice President and Chairman of the National Council on Privatisation (NCP), Sen. Kashim Shettima has inaugurated the newly re-constituted NCP with a charge to members to champion the road to the economic prosperity of the Nation. Inaugurating the Council at the State House in Abuja, Shettima advised the new members to fully embrace the […]
….Targets N298.4Bn Revenue The Bureau of Public Enterprises (BPE) on Tuesday hinted of its intention to sell remaining 40% shares of the Federal Government in electricity distribution companies (DisCos) and offer for listing other enterprises on the capital market in 2024. The Director-General of the Bureau Mr Alex Okoh, who made this disclosure this […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has promised that the Bureau will provide technical support and knowhow to assist the Jigawa State Government to optimise its assets and identify key areas where Public Private Partnership (PPP) can make tangible impact on the state’s economy. The Director-General gave this […]
The Bureau of Public Enterprises (BPE) on Tuesday announced a change in dates for the verification of ex-staff of the Power Holding Company of Nigeria (PHCN) and the certified Next-of-Kin (NOK) of the deceased ex-staff who were in service between July 1, 2012 and October 31, 2013, scheduled for Monday, May 15, 2023, to Saturday, September […]
The Bureau of Public Enterprises (BPE) on Tuesday indicated its readiness to commence verification exercise for the payment of the agreed 16-month severance benefits to the bonafide ex-staff of the defunct Power Holding Company of Nigeria (PHCN), including certified Next-of-Kin (NOK) of the deceased ex-staff who were in service between 1st July 2012 and 31st October 2013. […]
The Bureau of Public Enterprises (BPE) has signed a tripartite agreement to commence the re-concession of the Lagos International Trade Fair Complex (LITFC). A statement issued by the Bureau’s Head of Public Communications, Amina Tukur, indicated that the pact was signed with Portman Freight Services Limited and LITFC to lease a portion of the complex […]
….endorses merger of Egbin Power, KEPCO Plant The National Council on Privatisation (NCP) has approved Mainstream Energy Solutions Limited (MESL) as the preferred bidder for the concession of the Zungeru Hydroelectric Power plant (ZHPP) for a yearly fee of $70,000.251 over the next 30 years. The Council, which gave the approval at its 2nd meeting for […]