N325.54bn not remitted by Discos in 10 months- NBET
A total of N325.54 bn was not remitted by the Power distribution companies (Discos) in the country to the Nigerian Bulk Electricity Trading Plc....
N2.96tn spent last year on fuel imports by FG- NBS
The Federal Government spent N2.95tn last year on the importation of Premium Motor Spirit, also known as petrol. The amount increased by nearly 50...
Investor's confidence weakened over alleged N2bn fraud- Power regulator
The allegation of fraudulent payments to two power plants levelled against the Nigerian Bulk Electricity Trading Plc has weakened investor confidence in the power...
Power Ministry has no records of defaulting contractors- Fashola
Mr Babatunde Fashola, the Minister of Power, Works and Housing, said in a statement that the power ministry has no record of corrupt contractors...
GenCos decry huge Power Losses from DisCos
By Ignatius Ushie
Power Generation Companies (GenCos) have decried the huge burden they bear as the distribution companies (DisCos) sustain energy rejection, by only paying...
New IPMAN Boss writes Buhari, promises efficiency Fuel Supply
The new National President of Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Sanusi Fari, has written to President Mohammadu Buhari informing him that...
Iron and Steel: NCDMB decries Capital Flight
By Joy Okoli
The Nigeria Content Development and Monitoring Board (NCDMB) has decried the level of capital flight from Nigeria, even as it attributes it...
Eterna Plc embark on Five Years Strategic Plan
PHOTO CAPTION
L-R: Managing director /Chief Executive Officer, Eterna Plc, Mr. Mahmud Tukur; Chairman, Mr. Lamis Shehu Dikko and Company Secretary/Legal adviser, Bunmi Agagu, during...
Industry Stakeholders petition Security Agencies over IPMAN Board Chairman
By Ignatius Ushie
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has petitioned the Attorney General of the Federation, the Inspector General of Police, the...
NERC grants Generation, Distribution Licences to Ariaria Market
By Ignatius Ushie
The Nigerian Electricity Regulatory Commission (NERC) has granted a 9.5megawatts embedded electricity generation licence to Ariaria Market Independent Power Plant Limited, and...
