NBET
29 Nov
The Office of the Auditor General for the Federation (OAuGF) has uncovered over N3.203 trillion in financial infractions involving
13 Sep 2024
Transition of the electricity industry in Nigeria to a bilateral market may face setbacks as the Nigerian Bulk Electricity Trading Company (NBET), yesterday, in Abuja asked for a five-year licence renewal.
6 Jun 2024
The financial crisis facing Nigerian Electricity Supply Industry (NESI) has worsened following the payment of a paltry 4.68 per cent of invoices sent in by power Generation Companies (GenCos) for power supplied to the national grid in March 2024.
31 May 2024
The Nigerian electricity landscape has been undergoing significant transformations in alignment with the country’s goal of promoting a competitive national electricity market.The EPSRA 2005, now repealed by the Electricity Act (EA) 2023...
30 May 2024
The Nigerian Electricity Regulatory Commission (NERC) has appealed to the Federal Government to address the persistent issue of non-payment and rising debts within the power sector, particularly from international customers. NERC, in its latest report for the fourth quarter of 2023, disclosed that 11 electricity Distribution Companies (DisCos) and four international customers failed to remit…
29 May 2024
The Nigerian electricity landscape has been undergoing significant transformations in alignment with the country’s goal of promoting a competitive national electricity market.
28 May 2024
The epileptic power supply in the country has been attributed to the inability of the Electricity Trading PLC (NBET) to settle over N2 trillion owed to power generation companies (Gencos).