NBET
2 Oct 2019
Two years ago, the publisher of Cable newspaper, Simon Kolawole, recounted his experience of how he picked the May 30, 1988 edition of the Newswatch magazine with a story of how NEPA’s installed generation capacity stood at 4,000 megawatts in 1988.
23 Sep 2019
Electrifying generating companies (GenCos) in Nigeria have rejected the new administrative charge of 0.75 per cent introduced by the Nigerian Bulk Electricity Trading Plc (NBET) on cost of payment to gas suppliers.
15 Jun 2019
The Nigerian Electricity Regulatory Commission (NERC) has commended the management of Eko Electricity Distribution Company (EKEDC) for being...
21 May 2019
The Federal Executive Council (FEC) has approved the extension of a funding facility by the Central Bank of Nigeria (CBN) for the nation’s electricity...
15 May 2019
Nigeria’s electricity grid, operated from Osogbo in Osun has continued to show the true state of the nation’s privatized electricity industry. Lately, the epileptic performance of the system left untold hardship on homes and businesses with recurring system collapse. The asset, which is managed by Transmission Company of Nigeria (TCN) clearly revealed that the much-awaited…
6 Mar 2019
About N701 billion invoices submitted by the electricity generation companies (GenCos) between the last quarter of 2016 and third quarter of 2018 is yet to be settled by the Nigerian Bulk Electricity Trading (NBET). NBET, managed by Dr. Marilyn Amobi, was set up in 2010 as the administrator of the country’s electricity pool. It buys…
3 Mar 2019
Barring swift intervention from government, the country’s power sector, which was privatised five years ago may soon collapse. No thanks to the N4t financial crisis that has pushed it to the brink of bankruptcy.
20 Feb 2019
The Ministry of Power, Works and Housing has pledged commitment to pay N701 billion Payment Assurance fund to power Generation Companies (GenCos).
11 Dec 2018
Nigeria's power generation companies are at the verge of shutting down as government fails to provide a N701 billion intervention fund earlier approved by the Federal Executive Council (FEC) to ease liquidity crisis in the sector. Indeed, while some gas companies, including Total, already denied operators gas over inability to pay, Executive Secretary, Association of…
14 Nov 2018
Ade Yesufu is the Commercial Director, Future Energy Nigeria. In this interview, he speaks on Nigeria’s power sector, the challenges bedeviling it and its attractiveness to investors.
5 Nov 2018
The House of Representatives could reopen the probe into an alleged $1.348 billion power sector fraud levelled against General Electric (GE) and Rockson Engineering Nigeria Ltd.
31 Aug 2018
The Electricity Distribution Companies (Discos) in Nigeria are indebted to the Nigerian Bulk Electricity Trader (NBET), and Market Operator (MO) to the tune of N103billion, according to the Nigerian Electricity Regulatory Commission recent (NERC) report released this week. DisCos were issued an invoice totalling N147billion for energy received from NBET and for the service charge…
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25 mins ago
Since the end of military juntas and the return to a democratic system of government in Nigeria about a quarter of a century ago, six (except for the latest) presidential polls have so far been conducted. None of these elections was free of contestation. The outcomes were legally disputed and battled up to the Supreme…
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The last few weeks leading up to the elections in Nigeria have been fraught with very negative narratives, and the last days leading up to the Governorship elections in Lagos have been particularly harrowing and frankly speaking, very heartbreaking. Because of the political ambitions and greed of a few, we have seen the manipulative use of bigotry and ethnic hatred to divide what was a peacefully cohabiting and mutually beneficial economic and social community that is Lagos; Nigeria.
33 mins ago
The Labour Party governorship candidate in Lagos State, Gbadebo Rhodes-Vivour, has dismissed the call for healing by president-elect Bola Tinubu. He alleged that the All Progressives Congress (APC) is diabolical and does not mean well for Nigeria and Nigerians. Tinubu recently called on Nigerians to forget about the pains, disappointments, and agonies that trailed the…
34 mins ago
Nigerians are lovers of gadgets; we always want the latest products out there. And here is to the lovers of phones. Tecno spark 10 is set to launch tomorrow, March 23. The phone which has already been in anticipation by lots of customers and has also debuted at the MWC, earlier this month. Some of…