Electricity: Banks To Ensure DISCOs Pay NBET, TCN Debts — CBN       Deposit Money Banks have been requested by Central Bank of Nigeria, CBN, to ensure that Electricity Distribution Companies, DISCOs, pay for consumed power they were provided guarantees. This is part of a renewed effort to...

Discos’ Debt To NBET Rises To N173bn     Power distribution companies in the country failed to remit a total of N173.35bn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them in the first four months of this year. The government-owned NBET buys electricity...

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...

FG Tasks NBET Board To De-risk Power Sector     The Federal Government, yesterday, reconstituted the Board of the Nigerian Bulk Electricity Trading Company (NBET) and charged the members to explore all options of de-risking the power sector for value addition to the country. The Minister of Finance,...

NBET Leaves Power Ministry, Reps Threaten Budget Shutout   The House of Representatives has warned that budgetary allocations will not be approved for the Nigerian Bulk Electricity Trading Company Plc in the 2021 budget if the agency does not return to the Ministry of Power. NBET was...

Discos Owe NBET N430bn In 11 Months   Power distribution companies (Discos) failed to pay a total of N429.87bn to the Nigerian Bulk Electricity Trading Plc for electricity sold to them from January to November last year. The government-owned NBET buys electricity in bulk from generation companies...