President Bola Tinubu has appealed to power generation companies (GENCOs) to give the federal government more time to verify and validate longstanding debts estimated at N4 trillion. Speaking at a high-level meeting with members of the Association of Power Generation Companies, led by Col. Sani Bello (rtd), on Friday at the Presidential Villa, Tinubu reaffirmed […]
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 responding to questions of why Nigeria sells electricity to other nations when the country does not […]
By Akinloye Oyeniyi It is no more news to all concerned stakeholders in critical sectors of Nigrian economy, that an unwarranted and unprovoked illegality of transferring Nigeria Bulk Electricity Trading PLC (NBET) from the Ministry of Power to Ministry of Finance, Budget and Planning, without amendment to the Act from which its establishment was rooted. […]
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 […]
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 […]