ALSCON: Court Frees Alex Okoh of Contempt Charges in BPE, BFIG Tango   Former Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has been acquitted of contempt charges in a legal dispute between the agency and BFIG over the ownership and operation of...

We Will Sell Off 40% Stake in Discos, Says BPE   The Bureau of Public Enterprises (BPE) has said that it intends to sell remaining 40 per cent shares of the government in electricity distribution companies on the capital market in 2024. It said the BPE may...

Power Intervention fund Rises to N2.9trn In May this year, the Federal Government’s intervention fund to the electricity distribution companies has risen from N2trn to N2.9trn. This indication shows a 45 per cent increase over the period. By estimation, the N2.9trn is the total funding extended...

Reps Summon Finance Minister, Others Over Power Plants Sale   The House of Representatives’ Committee on Finance has summoned the Ministers of Finance, Budget and National Planning, Zainab Ahmed and of Power, Abubakar Aliyu, over the planned sale of five power plants. Also summoned were the Director-General...

NNPC Moves To Buy FG’s Power Plants   The Nigerian National Petroleum Company Limited (NNPCL), formerly Nigerian National Corporation (NNPC), has expressed interest to participate in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants...

Fed Govt Privatises 234 Companies – BPE   The federal government has said no fewer than 234 public enterprises have been reformed by way of privatisation, commercialisation and in some cases, concession. The Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, disclosed this in a statement...