Author: BPE Communications

A core investor sale is defined as the transfer of at least 51% of ownership, accompanied by management control, in a company from government to new private owners.  Core investors may be individuals or firms, Nigerian or foreign, with the...

A share is a portion of a company owned by an individual, a group of individuals, or a firm.  Shares are not always physical pieces of paper as in the old days, since in many companies electronic depositories have been...

Privatisation, in the simplest term, is the transfer of ownership from the government (or public) sector to the private sector.  Privatisation can occur in one of many ways, including core investor sales, share subscription, initial public offers, asset sales, and...

There are many possible definitions of what a state-owned enterprise (SOE) or public enterprise (PE) is. We define PEs as government-owned or government-controlled economic objects that generate the bulk of their revenues from selling goods or services. These include enterprises...

The Bureau of Public Enterprises (BPE) is the Federal Government agency tasked with implementing the government’s privatisation programme, as the Secretariat to the National Council on Privatisation (NCP).  It has evolved from the Technical Committee for Privatisation and Commercialisation (TCPC),...

Eleme Petrochemicals Company Limited (EPCL), located in Port Harcourt, Rivers State, is a petrochemicals complex originally fully-owned by the Federal Government of Nigeria and commissioned in 1996. Although constructed to international standards, located to take advantage of Nigeria’s abundant supplies...

Oil Marketing Companies: Forte Oil (formerly African Petroleum Plc); Oando Plc (former Unipetrol Nigeria Plc); and ConOil Plc (former National Oil and Chemical Marketing Company) West Africa Refinery Company in Sierra Leone (WARCO) Eleme Petrochemical Company Limited (EPCL) Calabar Liquefied...

Distribution Companies The eleven enterprises have been privatised. Following the security challenges in the North-east, Yola Distribution Company was returned to the Federal Government and is being managed by an employee of the Federal Ministry of Power, Works and Housing....