National Assembly orders NBET to make refunds
For lack of convincing explanation, the Senate Committee on Public Accounts (SPAC) has ordered the management of the Nigerian Bulk Electricity Trading Company (NBET)
AuGF queries payments, contracts, others in report on NDDC, NBET
The House of Representatives Committee on Public Accounts yesterday received the auditor’s reports on the activities of the Niger Delta Development Commission (NDDC) and Nigeria Bulk Electricity Trading (NBET) Plc which are replete with queries.
FG’s guarantees, liabilities may hit N6.1 trillion by year-end
Leveraging off-balance-sheet products such as Guarantees, Letters of Comforts and similar instruments, the Federal Government’s contingent liabilities may hit N6.1 trillion, the 2021- 2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) has shown.
FG, GenCos may land in UK court over N13.2b electricity bill
The Nigerian Bulk Electricity Trading Plc (NBET) and the promoter of Omotosho and Olorunsogo power generation companies (GenCos), Sepco Pacific Energy Partners Limited, are at loggerheads over electricity invoices hovering around N13.2 billion.
Again, Mamman sacks MD of NBET, appoints new head
The power play between the Minister of Power, Sale Mamman and the Managing Director of Nigerian Bulk Electricity Trading, PLC (NBET) Dr. Marilyn Amobi yesterday took a new twist...
Criticisms trail NBET’s board structure, movement to finance ministry
Some stakeholders in the nation’s power sector have expressed divergent opinion over the constitution of the new board of the Nigeria Bulk Electricity Trading Company as well as the movement of the agency
NBET allegedly pays five GenCos N240b for ‘darkness’
The Nigerian Bulk Electricity Trading Plc (NBET) has in five years paid N240 billion to five power-generating companies (GenCos) for electricity not allegedly used by consumers.
‘Why subsidy in power sector is unsustainable’
Federal Government’s continuous subsidy for electricity consumption in Nigeria is unsustainable, Managing Director, Abuja Electricity Distribution Company (AEDC)