NNPC records trading deficit of N9.5Bn in March
The Nigerian National Petroleum Corporation has announced a trading deficit of N9.53bn for March 2020, which is recorded as the corporation’s first operational loss...
Lack of coordination, cause of power sector failure- Senate
The Senate has stated that the nation’s power sector crisis was due to the lack of adequate coordination among the operators in the value...
NBET owe GenCos N119.5Bn for power in three months
The Nigeria Bulk Electricity Trading Plc (NBET) has reportedly failed to pay a total of N119.55bn to 25 power producers in the first three...
Sacked NBET MD, Marilyn Amobi, reinstated by Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has reinstated the Managing Director of Nigeria Bulk Electricity Trading Company (NBET), Marilyn Amobi,...
Audit of Discos necessary before power sector intervention- NEC
The National Economic Council has stated that technical and financial audits of the electricity distribution companies (DisCos) in the country are necessary before interventions...
Discos blame unavailability of meters on high import duty
Power distribution companies have blamed the low metering of users across the country on the high import duty on meters directed by the Federal...
Lagos begins energy consumption audit of state facilities
The Lagos State Electricity Board has begun an energy consumption audit of facilities owned by the State Government.
The General Manager of the board, Mukhtaar...
Power generation fell to 2,943MW, 10 plants left idle
The total power generation in Nigeria fell to 2,943.4MW as of 6 AM on Sunday from 3585.6MW on Saturday, data obtained from the Nigerian...
Electricity worth N32Bn supplied by Nigeria to Togo, Niger and Benin in 2019
A total invoice of N32.04bn has been served to the republics of Togo, Niger and Benin for the electricity supplied to them from Nigeria...
NERC, TCN and Discos deploy measures to stop collapse of power grid
The Nigerian Electricity Regulatory Commission (NERC), in collaboration with power distribution companies and the Transmission Company of Nigeria, are deploying measures to stop the...
