DisCos, GenCo to List on Capital Market — BPE The Bureau of Public Enterprises (BPE) has announced plans to list two electricity Distribution Companies (DisCos) and one Generation Company (GenCo) on the Nigerian Stock Exchange through an Initial Public Offering (IPO). BPE Director-General, Mr. Ayodeji Gbeleyi,...

BPE Moves to Sell 91 FG Assets The Director-General of the Bureau of Public Enterprises, Ayodeji Gbeleyi, has disclosed that 91 federal assets would be privatised as part of ongoing efforts to optimise public enterprises, attract investment, and boost efficiency across key sectors of the...

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...

Dangana Becomes New MD/CEO KEDCO   Power sector regulators, Nigerian Electricity Regulatory Commission (NERC) and Bureau of Public Enterprises (BPE) have approved the appointment of the Board of Kano Electricity Distribution Company Plc (KEDCO). The approval followed the Federal Government’s restructuring of 5 DisCos, as a result...

Reps Probe BPE, AMCON Over NACFA Privatisation   The House of Representatives’ Committee on Privatisation and Commercialisation has directed the Bureau of Public Enterprise to pay up an outstanding N189m to Jorotom International Agency Limited, the core investor that acquired the National Clearing and Forwarding Agency...

Senate Orders N300bn Refund From NPA, BPE, 57 Agencies     The Senate on Tuesday directed 59 Federal Government agencies to return over N300bn funds allegedly misappropriated by them to the federation account. It specifically ordered that all monies illegally spent by the affected agencies including the Nigerian...