30 results
- 4 Oct 2013
Reps Want Bailout for Moribund NITEL, MTEL
House of Representatives yesterday passed a resolution recommending a bail out for the Nigeria Telecommunications Limited (NITEL) and the Mobile Telecommunications Company (MTel) by the Central…
- 19 Dec 2014
NCP Ratifies Sale of NITEL, MTEL
National Council on Privatisation (NCP) yesterday formally ratified the sales of the Nigerian Telecommunications Limited and its subsidiary Mobile Telecommunications Limited to NATCOM Consortium. The…
- 5 Aug 2014
FG Okays Two Firms for Liquidation NITEL, MTEL
The National Council on Privatisation yesterday approved two firms for the guided liquidation of the Nigeria Telecommunication Limited (NITEL) and its mobile arm, MTEL. The two firms, NATCOM…
- 28 Feb 2013
FG Strips Nipost of Regulatory Functions
The National Council on Privatisation has approved a reform bill that will strip Nigeria Postal Service (Nipost) of all its regulatory function. Omobola Johnson, minister of Communications Technology…
- 14 Dec 2009
Nitel to Borrow N3Bn from Pension to Pay Salary Arrears
The National Council on Privatisation has approved that N3 billion be borrowed from the accounts of Nitel Pension Fund in Liquidation to pay five months salary of workers of the Nigeria…
- 15 Mar 2010
NCP Sets up Committee to Probe Nitel Bidders
The National Council on Privatisation (NCP) has set up a seven-member ad-hoc committee to undertake further due diligence on the prospective investors that bid for the sale of Nigeria…
- 13 Apr 2015
NATCOM Consortium Pays Outstanding N29.6Bn for NITEL, MTel
NATCOM Consortium, the preferred bidder of Nigerian Telecommunications Limited (NITEL) and its mobile arm (MTEL), has paid $176,575,700 (N29,696,469,600) being the outstanding 70 per cent of…
- 8 Nov 2013
Regular Power Supply Soon – BPE
Benjamin E. Dikki, director Ggeneral, Bureau of Public Enterprises (BPE), has stated that electricity generation will improve in the next few months as the new owners of the privatized successor…
- 8 Dec 2009
Nitel Privatisation: Guiding against Previous Mistakes
The inability of Bureau for Public Enterprise (BPE) to conclude the sale of Nigerian Telecommunications Limited (Nitel) within the 60 days as directed by Vice president Goodluck Jonathan, who is also…
- 4 Apr 2013
el-Rufai Responsible for Nitel’s Death, Former Workers Claim
Some former chief executives, union members and retirees of failed national carrier, the Nigeria Telecommunications Limited (Nitel) have joined the war of words over the failure of national carrier…
- 25 May 2009
SAHCOL: BPE Begins Evaluation of Proposals
The Bureau of Public Enterprises (BPE) said that it will this week commence the evaluation of technical proposals harvested from prospective core investors for the privatisation of Skypower Aviation…
- 26 Jun 2012
Postal Sector Bill, Others Ready Soon – BPE
Seven bills which have been pending since 2009, including bill on the postal sector reform would be ready soon, Nigeria CommunicationsWeek can now report. Ms. Bolanle Onagoruwa, director general of…
- 16 Mar 2009
FG to Offload Stake in Nitel
Federal government has began the process of selling its stake in Nigerian Telecommunications Limited (Nitel) as the National Council on Privatization (NCP) has approved the advertisement for…
- 16 Nov 2020
FBNQuest Acts as Financial Adviser, Consortium Lead on Privatisation of Afam Power Plc
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, was appointed by the Bureau of Public Enterprises, on behalf of the National Council on…
- 9 Jan 2015
NATCOM Makes Part Payment of N12.7Bn for NITEL/MTEL
Bureau of Public Enterprises (BPE) said that the preferred bidder at the recently held liquidation of NITEL/MTEL had paid $75.7 million (N12.7 billion) as part payment of its $252.5 million bid…
- 23 Mar 2013
Confusion Trails Postal Reform Bill
Postal sector reform process which will culminate with the setting up of an independent regulator for the industry is embroiled in a web of confusion with some vested interest bent on thwarting the…
- 2 Oct 2014
BPE Plans Concession for Abuja Airport
The Bureau of Public Enterprises (BPE) has planned a concession for the Abuja International Airport to a private sector operator. Mr. Benjamin Dikki, director general of the privatisation agency,…
- 3 Dec 2014
NATCOM Offers $252m, Wins Bid for NITEL, Mtel
NATCOM Consortium, a special purpose vehicle has emerged the preferred for the Nigerian Telecommunications Limited (NITEL) and Nigerian Mobile Telecommunications Limited (Mtel), its mobile subsidiary…
- 28 Apr 2015
FG Hands Over NITEL to NATCOM, Core Investor
Federal government yesterday finally handed over the beleaguered first national telecommunications company to new core investor, NATCOM Consortium. At a ceremony attended by notable persons in the…
- 29 Jun 2021
FBNQuest Wins Award for Equity Deal of the Year @ 2021 African Banker Awards
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, emerged as the winner of the Equity Deal of the Year category at the 2021 African Banker Awards.…
- 8 Oct 2014
BPE Revels Plans To Privatise Airports
Mr Benjamin Dikki, director-general, Bureau of Public Enterprise (BPE), said that the privatization of federal airports in the country would commence soon. Dikki disclosed this in Abuja in his…
- 22 Dec 2014
Cautious Optimism over NATCOM’s Take over of NITEL/MTel
Stakeholders in the information and communications technology (ICT) sector are cautiously optimistic about news of the ratification of NATCOM Consortium as preferred bidder for Nigerian…
- 26 Aug 2020
New Regulatory Agency Coming for Nigeria Postal Sector
An independent regulatory agency to be known as the Nigerian Postal Commission (NPC) will emerge after the reforms of the postal services sector, to ensure efficiency, service delivery and check…
- 16 Feb 2015
Postal Reform Bill Gets Federal Executive Council Approval
Plans to reform the Nigerian postal sector and to restructure the Nigerian Postal Service (NIPOST) received a boost last Wednesday with the approval of the Nigeria Postal Commission Bill 2014 by the…
- 26 Jul 2010
NTC to Regulate Transport Modes
Ms Bolanle Onagoruwa, acting director-general of the Bureau of Public Enterprises (BPE) has explained that the proposed National Transport Commission (NTC), is envisaged to be the economic…
- 2 Feb 2014
FG to Make Another Attempt to Wind-Down NITEL
The federal government is to restart attempt to wind down Nigerian Telecommunications Limited (NITEL)., the moribund national carrier and MTEL, it mobile subsidiary, after a court blocked its…
- 21 Jul 2014
Investor in Court to Stop Sale of NITEL, MTEL
Basbsim International Limited has initiated a legal action against the moves by the Federal Government to sell the assets of moribund Nigeria Telecommunications (NITEL) Plc and Nigeria Mobile…
- 12 Jul 2013
FG Appoints Olutola Senbore and Co to Liquidate Nitel, Mtel
Federal government has appointed Olutola Senbore and Co., a consultant liquidator of Nigeria Telecommunications Limited (Nitel) and M-TEL, its mobile subsidiary after several attempts to privatize…
- 10 Jun 2014
FG Seeks Buyers for NITEL Assets
Federal government is reportedly seeking buyers for the assets of Nigerian Telecommunications Limited (NITEL), the distressed former telecoms monopoly, the state-appointed liquidator said on Monday.…
- 19 Jan 2016
NATCOM Injects $1Bn in NITEL, Begins Operations in March
NATCOM Development and Investment Limited, new owners of Nigerian Telecommunication Limited (NITEL) and its sister company, Mobile Telecommunication Limited (Mtel), has reportedly spent about $1…