House of Representatives Committee on Public Accounts, yesterday, resolved to beam its searchlights on Nigerian Bulk Electricity Trading (NBET) Plc over N4.014 trillion debt allegedly owed by some international electricity customers. The committee, led by Mr. Wole Oke, therefore, summoned NBET’s Managing Director to offer explanations on why customers situated in neighbouring Togo, Benin and…

Despite epileptic power supply and frequent blackouts owing to national grid collapse, electricity consumers in the country paid N258.91 billion for electricity in the first seven months of 2022, the latest report from the Nigeria Bulk Electricity

The Federal Government is wooing more investors into the Nigerian power sector following a move by Turkish Energy Firm EXIST – (Energy Exchange Istanbul) to invest in sustainable energy for manufacturers and other sectors of the nation’s economy.

The House of Representatives Committee on Finance yesterday drilled the Nigerian Bulk Electricity Trading (NBET) company over power purchase agreements that have failed to stabilise electricity supply in the country.

The Nigerian power sector may wallow in investment deficits and dismal performance if the National Assembly and the Federal Government fail to respect the sanctity of contracts, especially the $1 billion investment....

The COVID-19 pandemic, with its several waves since its outbreak in early 2020, has been a key factor in slowing progress toward universal energy access. Globally, 733 million people still have no access to electricity, and 2.4 billion people yet cook using fuels detrimental to their health and the environment.

The Nigerian Bulk Electricity Trading (NBET) Plc. says it is in the process of finalising a Power Purchase Agreement (PPA) with Mabon Hydro Power Plant for 40 MW of electricity.

Reports say the collapse occurred on Monday. The darkness had been creeping in for months, with authorities managing the sector seemingly dropping hints that it was on the way

Worsening foreign exchange crisis in Nigeria and ramping down of power generating machines, which have reportedly downed about 14 power plants, has pushed maintenance cost of electricity generation companies (GenCos) to about $4.78 billion.

The Nigerian Electricity Regulatory Commission (NERC), yesterday, renewed licence of Nigerian Bulk Electricity Trading Company (NBET) for another three years.

Nigerian Bulk Electricity Trading (NBET) Plc has stated that it processes an average of N60 billion worth of electricity monthly from the national grid, translating to about N720 billion every year.

The Federal Government has supported the supply of electricity in the country with about N1.3 trillion as the Distribution Companies remitted N26.8 billion in June this year.