We Process N60bn Electricity Invoices Monthly - NBET   The Nigerian Bulk Electricity Trading Plc on Sunday said it processed N60bn electricity invoices monthly for various operators in the power sector. NBET, a wholly owned agency of the Federal Government, is the manager and administrator of the...

FG Borrowed N1.3trn In Four Years To Subsidise Power Consumers - W/Bank     The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said...

Senate Queries NBET On N50bn Escrow Account         The Senate Public Account Committee has asked the Nigeria Bulk Electricity Trading Plc to explain how it managed the N50bn in its Escrow Account. The chairman of the committee, Senator Matthew Urhoghide, issued the directive based on the 2015...

Electricity: Gas, Transmission, Distribution Facilities Hinder 10,106MW Generation         A total of 10,106.8 megawatts of electricity could not be generated by the nation’s power plants last week amid lingering challenges in the Nigerian electricity supply industry. Daily electricity generation in the country averaged 4,601.33MW last week as...

Discos Owe N416.94bn In Nine Months - NBET         Power distribution companies in the country failed to pay a total of N416.94bn for the electricity sold to them from January to September this year, the latest data from the Nigerian Bulk Electricity Trading Plc have shown. The...

NERC Earns N3.25bn In Q1, Spends N1.9bn         The Nigerian Electricity Regulatory Commission (NERC) says it earned a higher revenue of N3.25 billion but its expenditure rose to N1.94bn in the first quarter of 2020. According to the first quarter report, the revenue was an increase of...