The Kenya Power & Lighting Company board is set for changes, days after the firm announced it is gearing to reduce government shares in the firm.
Former President Olusegun Obasanjo ignored due process in the sale of Federal Government houses during his administration, Senate Committee on Housing declared yesterday.
Mrs Nkechi Obi is the Managing Director, Techno Oil Limited, a significant player in the downstream sector of the oil industry. In this interview with Vanguard's Yemie Adeoye she speaks on infrastructural challenges and prospects of full deregulation in the downstream sub_sector of the petroleum industry.
UMBRELLA body for senior staff Associations in the country, the Trade Union Union Congress of Nigeria (TUC), has given some essential tips perceived to be paramount for a successful deregulation of the nation's downstream sector of the petroleum industry.
Worried by the current state of 'idleness' of agricultural produce warehouses in many states of the federation, the Managing Director, Abuja Security and Commodity Exchange (ASCE), Mr. Yusuf Abdulraheem, yesterday, urged the federal government to involve private sector participation in warehousing management.
The Bureau of Public Enterprises (BPE) yesterday revealed that about N1trillion in revenues was remitted to the government as proceeds from the sale of 132 public enterprises.
Director General of the Bureau of Public Enterprises (BPE), Dr Christopher Anyanwu, has assured that the renewed sale of moribund Nigeria Telecommunications Limited (NITEL) to a new core investor would be concluded by January next year.
Privatisation of Mombasa port has been put on hold as the government seeks to convince critics about its viability.
The privatisation of Mombasa port has been put on hold as the government tries to convince critics about its viability.
Even before the National Bank of Kenya is officially put on sale, a fierce behind the scenes battle for the oldest state-owned bank in Kenya is simmering. Some of the major players are angling for the vantage point to clinch what promises to be the most significant acquisition in the banking sector in recent years.
INDIA'S Jindal Steel & Power Limited (JSPL) has emerged as one of two firms shortlisted for the purchase of a 60 percent stake in Zimbabwe's steelmaker, the Zimbabwe Iron and Steel Company (ZISCO), in an acquisition opportunity that could define Zimbabwe's privatisation programme.
THE National Union of Communications Workers (NUCW) has said it supports the on-going privatisation of Zamtel because the move will help solve many problems the telecommunication company is currently grappling with.
An NGO, the International Centre for Energy Environment and Development (ICEED), has called on the Federal Government to release the power sector to private investors. Making the call in an interview with the News Agency of Nigeria (NAN) in Abuja , the Coordinator, Mr Ewah Eleri, said that the private sector had the capacity to sustain electricity supply in the country.
The proposed Petroleum Industry Bill (PIB), has continued to receive knocks from stakeholders and other concerned individuals and groups with workers in the upstream sector of the petroleum industry faulting among others, the absence of specific provisions on expatriate quota and local manpower training.
When embarking on the privatisation exercise meant to restructure its economic system, the Tanzanian government had pledged to remain as a partner that would be responsible for ensuring working economic policies and providing appropriate infrastructure for the private sector to build the economy upon.
