Headlines News

Why Nigeria sells electricity to neighbouring countries – NBET

Ihesiulo Grace 4 November 2021 0

The Nigerian Bulk Electricity Trading (NBET) says the country sells electricity to neighbouring countries for strategic reasons. Managing Director, NBET, Nnaemeka Ewelukwa, disclosed this on Tuesday when he appeared before the House of Representatives committee on Finance. Ewelukwa was

Headlines News

Senate uncovers mismanaged N50b escrow funds

Ihesiulo Grace 25 January 2021 0

Tunde Opalana, Abuja About N50 billion public funds have been allegedly misappropriated by the Nigeria Bulk Electricity Trading Plc (NBET). This is according to the Senate Committee on Public Account which said it unravelled how NBET was involved in the mismanagement of the said N50 billion in the Escrow Account from Egbin , Omotosho and […]

Featured Headlines

Ewelukwa takes over at NBET as Amobi steps down

Ihesiulo Grace 26 December 2019 0

Dr. Nnaemeka Ewelukwa has assumed office as the acting Managing Director/CEO of the Nigerian Bulk Electricity Trading Plc (NBET) following the step down of Dr Marilyn Amobi. This was made known in a statement issued by Ms Aisha Waziri from the Corporate Services Department of NBET in Abuja on Wednesday. The News Agency of Nigeria […]

Features

GenCos gulp N152.9 bn of N701 bn Power Sector Fund in seven months

Ihesiulo Grace 28 January 2018 0

The Nigeria Bulk Electricity Trading Plc (NBET) has disbursed a total of N152.974 billion to 23 power generation companies (GenCos) within the first seven months of 2017, according to a report. This disbursement represented 21.6 percent of the N701 billion payment support facility provided by the Central Bank of Nigeria (CBN) for Nigeria’s power sector […]