Nigeria’s power subsidy is projected to reach N2.4 trillion by 2024 as the sector struggles with…
Tag: NBET
Electricity is a Product with a Cost, Not Just a Service – NBET CEO
At PwC’s annual Power and Utility Roundtable in Lagos, held Thursday, November 28, Adebayo Adelabu, the…
Nigerian DisCos Report N431.16 billion Revenue in Q2 2024
In the second quarter of 2024, Nigerian Electricity Distribution Companies (DisCos) reported a total customer revenue…
Nigeria’s Electricity Market Faces ₦151.30 Billion Deficit in 2023
The Nigerian Electricity Regulatory Commission (NERC) has reported a total deficit of ₦151.30 billion in Nigeria’s…
NBET Plc Seeks Renewal of Operating License at NERC Hearing
Nigerian Bulk Electricity Trading Plc (NBET) appeared before the Nigerian Electricity Regulatory Commission (NERC) on Thursday…
NERC Orders NBET to Stop New Contracts, Supports Direct Trading
The Nigeria Electricity Regulatory Commission (NERC) has directed the Nigeria Bulk Electricity Trading (NBET) company to…
Power Sector Debt Crisis: Urgent Federal Intervention Needed
The Nigerian Electricity Regulatory Commission (NERC) has urged the Federal Government to address ongoing non-payment and…
FG Approves NBET Transition to Energy Trading Platform
The federal government has approved the transition process for the Nigerian Bulk Electricity Trading Plc (NBET)…
FG Permits DisCos to Purchase Electricity Directly from GenCos
The Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has permitted Electricity Distribution Companies (DisCos)…
Senate Calls out NDPHC for Misappropriation of Funds
The Senate holds NDPHC accountable for $500 million in mismanagement. Lower house petitions BPE to stop…