NBET

Reps furious with NBET for paying $30m monthly to Azura power company

Reps furious with NBET for paying $30m monthly to Azura power company

House of Representatives Committee on Finance, Friday, expressed its dissatisfaction with the Nigeria Bulk Electricity Trading (NBET) for approving $33 million monthly for Azura power company. The committee said that the amount was outrageous, adding that power delivery was so poor to Nigerians.
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Reps probe Nigerian bulk electricity trading over N90bn loss

Reps probe Nigerian bulk electricity trading over N90bn loss

The House of Representatives yesterday mandated its Committees on Procurement and Power to jointly investigate the allegations of gross statutory breaches including violation of the public procurement Act 2007 by the management of the Nigerian Bulk Electricity Trading, NBET,  Plc.

FG laments DISCOs’ N500bn indebtedness to NBET

FG laments DISCOs’ N500bn indebtedness to NBET

By Chris Ochayi …Issues marching order on DISCOs to meter customers ABUJA— Federal Government, yesterday, expressed concerns over the debt of N500 billion electricity Distribution Companies, DISCOs, owed Nigeria Bulk Electricity Trading Company, NBET. Minister of Works, Power and Housing, Mr. Babatunde Fashola, said while addressing newsmen on development in the power sector that DISCOs’ […]

NSIA boss says $350m NBET funds now $384m

NSIA boss says $350m NBET funds now $384m

THE Senate, yesterday took a swipe at the Minister of Finance, Mrs. Kemi Adeosun, saying that she lacks the powers to authorize zero loan interest on $350 million Euro Bond from the stabilization account.