News
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 and Handling Company (SAHCOL).
The deadline for the submission of technical and financial proposals is Friday, May 22, 2009. It would be recalled that the data room for the enterprise which opened on April 6, 2009 was preceded by a pre-bid conference.
Meanwhile, BPE said it attention has been drawn to a story in The Guardian of Friday, May 22, which stated that Swissport International Limited has been chosen as the preferred investor for SAHCOL. The report smacks of mischief as it claims that an on-going process “has been concluded with the Swiss firm said to have won the bid.”
“For the avoidance of doubt, Swissport is not among the 14 bidders who participated in the data room process. Furthermore, the preferred bidder will emerge at the opening of financial bids which is usually broadcast live on national television and radio networks” Chigbo Anichebe, head public affairs of the BPE said
According to him, the Federal Executive Council had on May 23, directed that SAHCOL be released to the BPE for privatisation. In order to ensure the confidence of all stakeholders, the National Council on Privatisation (NCP) on the 25th of August 2008 approved that the privatisation be jointly carried out by the BPE and the liquidators of Nigeria Airways Limited (NAL).
The Federal Government of Nigeria (FGN) is therefore in the process of divesting 100% controlling shares and management control in SAHCOL and in a few years after take-over, it is expected that 49% will be divested to the Nigerian public under the supervision of BPE.
It would be recalled that at the deadline for expressions of interest by prospective investors, 20 consortia submitted their applications for pre-qualification. After the evaluation, 17 bidders were pre-qualified for the issuance of bidding documents. However 14 out of the 17 bidders were able to pay the non-refundable data room fee of US$10,000 and participated in the data room process.
The bidders are: Aviation Handling Partners Limited; ERASKORP Consortium; TAK Continental Limited; Danzas Express Services/Heavyweight Air Express; Industrial Ports Engineering Services; AHS/Menzies/Air Logistic Technical Consortium; Plural Holdings; Sifax Shipping Company; and Pan Express Services. Others are Redstar Consortium; More Associates Limited; D&M Aviation Handling Company Limited; Phoenix Capital Limited; and Dekit Construction Consortium.
News
Anambra Cuts Monday Pay to Kill Sit-at-Home

Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Soludo
Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.
Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.
Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.
News
Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.
“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.
Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.
To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.
Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.
“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.
He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.
News
35 Million Nigerians Face Acute Hunger in 2026, UN Warns

About 35 million Nigerians face acute hunger risks in 2026, including three million children battling severe malnutrition, the United Nations has warned, attributing the crisis to collapsing global aid budgets and escalating violence in the northeast.

UN Resident and Humanitarian Coordinator Mohamed Malick Fall disclosed this on Thursday during the launch of the 2026 humanitarian plan in Abuja, noting that the traditional foreign-led aid model proves unsustainable amid Nigeria’s escalating needs.
He highlighted dire conditions in Borno, Adamawa and Yobe states, where over 4,000 people perished in the first eight months of 2025 from surging suicide bombings and attacks—equalling the entire previous year’s toll.
The UN now targets $516 million to deliver lifesaving aid to 2.5 million people this year, a sharp drop from 3.6 million in 2025 and half of prior levels, forcing prioritisation of only the most critical interventions.
Fall stressed, “These are not statistics. These numbers represent lives, futures and Nigerians,” as shortfalls last year compelled the World Food Programme to halt support for over 300,000 children after resources dried up in December.
Yet, Fall acknowledged Nigeria’s increasing national ownership, including local funding for lean-season food assistance and proactive flood early-warning systems, signalling a shift toward self-reliant crisis response.
E-Financial3 days agoZenith Bank Gets Regulatory Approval for Full Takeover of Paramount Bank
E-Business3 days agoFirm Detected a Fivefold Surge in QR Code Phishing Attacks in the Second Half of 2025
Telecom3 days agoNew Investment Fund Targets Acceleration of Emerging Technology in Nigeria
News3 days agoNITDA Commits to Digital Inclusion for Persons with Disabilities
General News2 days agoPalmPay User Shares Experience on Fintech Apps to Trust in Nigeria
News2 days agoStakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit
General News2 days agoNigerians Target Self-Improvement, Business Startups in 2026 Google Data
General News2 days agoHow Inside Jobs and Policy Shocks Trigger Nigeria’s Rising Loan Crisis











