FG Gets $500m W’Bank Loan to Bolster Electricity Distribution The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public Enterprises announced on Thursday. Power distribution companies in Nigeria have been widely criticised as being the weakest...

Senate Probes BPE, Alleges Unremitted $679.4m Rent On Ports’ Concession   The Senate Committee on Public Accounts has begun an investigation of the Bureau of Public Enterprises for allegedly failing to remit $679.4m realised from the concession of various ports to 23 companies the Nigerian Ports...

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...

FG Generates N1trn From Privatisation – BPE       The Bureau of Public Enterprises (BPE) has said over N1 trillion has been generated from 234 concluded transactions of previously government-owned enterprises. The BPE Director-General, Mr Alex Okoh, said this on Monday in Abuja at a media conference on...

More Investments Coming Through PPPs - BPE     The Bureau of Public Enterprises on Monday said it would ensure that more private sector operators invest in critical sectors of the Nigerian economy through public private partnerships(PPPs). Reappointed Director-General of the bureau, Alex Okoh, said this was part...

Ex-Aviation Workers Issue Two-week Ultimatum To BPE         About 1,000 ex-workers of the Nigerian Aviation Handling Company Plc have issued a two-week ultimatum to the Bureau of Public Enterprises over the continued delay in addressing issues affecting the payment of their N1.3bn severance package. Speaking at a...