NBET Owes Power Stations N120bn In Three Months
The Nigeria Bulk Electricity Trading Plc failed to pay 25 power producers a total of N119.55bn in the first three months of this year for the electricity produced and fed into the national grid.
The government-owned NBET buys...
Benin, Niger Owe Nigeria N32.1bn Electricity Debt - NERC
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that a total of N32.1 billion is the outstanding debt owed the country by Benin and Niger Republic for electricity supply to the two countries in 2019.
Four reports...
GenCos Add 4,000MW Power Capacity, Decry N600bn Debt
Power Generation Companies (GenCos) in Nigeria have said they have raised power plants’ capacity by 4,000 megawatts (MW) seven years after the privatization and despite being owed over N600 billion debts.
Speaking against the call for the traversal...
World Airlines’ Debt To Hit $550bn By End Of Year
The airline industry’s global debt could rise to $550billion by year-end, the International Air Transport Association (IATA), has said. The debt is a $120billion increase over debt levels at the start of 2020. According to...
We’ll Ease Nigeria, Others’ Debt Burden - Chinese Minister
Chinese Foreign Minister, Wang Yi, has said China will work with other G20 members to implement the debt service suspension initiative to ease the debt burden of Nigeria and other African countries.
In a statement by China’s...
Contractors Continue Agric Ministry Picketing Over N17bn Debt
Aggrieved contractors owed over N17bn by the Federal Ministry of Agriculture and Rural Development are mobilising to stop the FMARD’s minister from gaining entry into his office again on Friday (today).
About 50 members of the Concerned Unpaid...
