Budget: NBET To Rent New Office With N487.7m, Gulped N600m In 2017 The Nigerian Bulk Electricity Trading Plc (NBET) will spend N487.7 million to relocate to a new office complex by 2018, after it had gulped N600m in 2017, budgetary documents from the Budget Office...

Right from Faggae local government in Kano state to Kaduna North, Zaria local government in Kaduna, to many local governments in Lagos state and other suburbs in Southern Nigeria, the continuous cry about power outage has been deafening as the electricity situation in the...

The Nigerian Electricity Regulatory Commission (NERC) has responded to claims by the 11 electricity distribution companies (Discos) that its regulatory actions contributed to the current N809.8 billion revenue shortfall of the electricity market. Through their association – the Association of Nigerian Electricity Distributors (ANED), the...

An updated metering report in the power sector has said only 161,640 customers got meters between January and October 2016. Most of the 11 electricity Distribution Companies (DisCos) may not attain their annual target of installing 100,000 meters this year due to foreign exchange crisis...

The Nigerian Bulk Electricity Trading Plc (NBET) and Central Bank of Nigeria (CBN) are currently negotiating new financial stimulus worth N180 billion to support electricity operators in Nigeria’s power sector, THISDAY has learnt. The paper gathered from an exclusive interview with the acting Managing Director...

Six electricity power generation companies across the country have concluded plans to declare force majeure over a N140 billion debt for power generated and not paid for, Daily Sun learnt. Force majeure is a contractual and legal announcement, which is used to declare the inability...