17 results
- 17 Sept 2014
NBET Appoints Stanbic IBTC to Handle Settlements
Nigerian Bulk Electricity Trading Plc (NBET) has appointed Stanbic IBTC as the payment management services provider, or payment agent, to the Bulk Trader. According to officials, the process took…
- 26 Dec 2019
Ewelukwa Takes Over as NBET Boss
Nigerian Bulk Electricity Trading (NBET) Plc has announced that Dr Nnaemeka Ewelukwa had assumed office as the acting managing director/chief executive officer of the company. Recall that Sale…
- 15 Jun 2020
FG Names Eweluka as Replacement for Amobi at NBET
Federal government has again sacked Marilyn Amobi from office as the managing director of the Nigerian Bulk Electricity Trading (NBET) Plc. Amobi, who was replaced by Nnaemeka Eweluka, company’s…
- 22 Jul 2016
OR Solutions, NBET Sign 50MW Jigawa Power Purchase Agreement
Oriental Renewable Solutions (Oriental), an Oriental Group company, has signed a 20 year, dollar denominated Power Purchase Agreement (PPA) with the Nigerian Bulk Energy Trader (“NBET”) for the…
- 20 Dec 2017
Azura Power’s First Turbine Connects To Grid
By peter oluka Wednesday, Azura Power’s first turbine was synchronized to the national grid and began producing electricity for distribution across the country. This is a red-letter day for the…
- 27 Mar 2015
Coal to Power: AfDB Commits $200m to Nigeria’s ‘Dirty Fuel’
African Development Bank (AfDB) has put up $200 million as a partial risk guarantee for the Nigerian power sector and the federal government will use the funds for expansion of coal-fired power…
- 6 Apr 2025
SERAP Calls on Tinubu to Reject $1.08Bn Loan, Probe Missing Funds
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to decline the recently approved $1.08 billion loan from the World Bank. The organization emphasized the need…
- 5 May 2014
Azura Power Completes Signing $1Bn 450MW Gas Turbine IPP
Azura Power Holdings Limited has completed the signing of the key industry contracts and confirmation on the debt financing of its flagship 450MW Azura-Edo Independent Power Project (“Azura-Edo IPP”)…
- 30 Mar 2017
Total Darkness Looms as Egbin Cries out Over N110Bn Debt
Mr Dallas Peavey, managing director, Egbin Power Plc, yesterday has warned that the country is heading towards another blackout by next week as liquidity, poor transmission and gas supply issues…
- 4 Feb 2017
Oriental, Greenwish Seal Partnership Deal On Jigawa 50mw Solar Power Project
Oriental Renewable Solutions (“Oriental”), a subsidiary of the Oriental Group has reached an agreement with GreenWish Partners (“GreenWish”) to co-develop the company’s solar power project in Jigawa…
- 21 Jul 2026
FG Clears Power Sector Debt as N333bn Paid to GenCos, N729bn Bond Issued
Federal Government has announced the disbursement of about N333 billion to eight electricity generation companies (GenCos) as part of measures to resolve outstanding debts in the power sector. The…
- 11 Oct 2014
President Jonathan Leads Azura-Edo IPP Ground Breaking, Foundation Laying Ceremony
Azura Power Holdings Ltd, on Friday, conducted the official groundbreaking and foundation laying ceremony at the Azura-Edo Independent Power Project (IPP) in Benin, Nigeria. The ceremony was…
- 19 Dec 2016
Africa50 to Develop Solar Power in Nigeria
Africa50, the infrastructure fund for Africa, has signed a joint development agreement (JDA) for an 80 MW (AC) solar photovoltaic independent power project in Nigeria. The project, near Dutse in…
- 25 Apr 2017
Gencos Accuse DisCos of Hiding Accounts
The crisis in the Nigerian Electricity Supply Industry (NESI) got messier as the electricity generation companies (Gencos) asked the electricity distribution companies (DisCos) to open their account…
- 23 Jul 2018
ANED Asks Fashola, Minister to Account for $4.1m Electricity Money
Association of Nigerian Electricity Distributors (ANED) has accused Raji Fashola, minister of Power, Works and Housing of spending $5.6 million to generate 1megawatt of electricity instead of $1.5…
- 24 Dec 2024
NERC Discloses $5.7 Million Debt Owed by International Customers for Q3 2024 Electricity Supply
Nigerian Electricity Regulatory Commission (NERC) has disclosed that international customers owe $5.7 million for electricity supplied in the third quarter (Q3) of 2024. The debtors include…
- 9 Feb 2025
SERAP Sues Tinubu over Alleged N167Bn Projects Fraud
President Bola Tinubu has been dragged to court by the Socio-Economic Rights and Accountability Project (SERAP), over alleged N167 billion project fraud. A statement made available to journalists by…