Tag: BPE

Transcorp reports 132% surge in pre-tax profit for 2024
Energy

BPE to monitor Transcorp’s compliance in Afam Power deal

The National Council on Privatisation has approved the Bureau of Public Enterprise’s request to monitor Transcorp Power Consortium’s compliance with the performance agreements for the acquisition of Afam Power Plc and Afam Three Fast Power Limited. Performance agreements typically define the responsibilities and expectations of both parties in a business arrangement. The decision to supervise […]

Business

BPE to float DisCos, GenCo on Nigerian Exchange via IPO

The Bureau of Public Enterprises says it is preparing to list two electricity distribution companies and one generation company on the Nigerian Exchange through an initial public offering. The director-general of the BPE, Ayodeji Gbeleyz disclosed this on Tuesday at a media briefing in Abuja. He explained that an IPO allows a private company to […]

SACHOL: BPE explains inability to pay ex-workers' N1.8b benefits
News

SACHOL: BPE explains inability to pay ex-workers’ N1.8b benefits

The Bureau of Public Enterprises has said, all entreaties to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, to ensure the release of the funds for the payment of N1.8 billion severance packages to the ex-staff of the Skypower Aviation Handling Company Limited has proved abortive. The Bureau’s Director for Post Transaction […]