•CBN, NBET, huge debts, forex, vandalism blamed for woes •NBET: We’ve paid N186bn •CBN: GENCOs haven’t met conditions for disbursment Nigerian Bulk Electricity Trading Plc, NBET said it has paid N186.7billion to Electricity Generating Companies GENCOs saying it is only owing them about N156 billion. Reacting to the...

The Federal Government has opposed the court ruling that mandated it and the Nigerian Electricity Regulatory Commission to reverse the 45 per cent increase in power tariffs payable by consumers across the country. It also commended NERC for appealing the judgement, describing the ruling as a...