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Tag "NBET"

EXCLUSIVE: How NBET hurriedly paid staff N289m vacation allowance — a day after Tinubu ordered 60% slash on travel expenses

    EXCLUSIVE: How NBET hurriedly paid staff N289m vacation allowance — a day after Tinubu ordered 60% slash on travel expenses

The Nigerian Bulk Electricity Trading (NBET) Plc has hurriedly paid its senior management staff N289 million as travel allowance for 2024, TheCable can report. Although there is no suggestion of

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NERC: Ajaokuta steel plant may be disconnected over N25bn debt

    NERC: Ajaokuta steel plant may be disconnected over N25bn debt

The Nigerian Electricity Regulatory Commission (NERC) says the Ajaokuta Steel Company Limited may suffer disconnection from the national grid over gross indebtedness of N25.06 billion. The debt is contained in

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‘He’s evading questions’ — reps panel summons NBET MD over Azura deal

    ‘He’s evading questions’ — reps panel summons NBET MD over Azura deal

The house of representatives committee on finance has summoned Nnaemeka Ewelukwa, managing director of the Nigerian Bulk Electricity Trading (NBET), over issues relating to the Azura deal. James Faleke, chairman

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Zainab Ahmed: FG’s N1.3trn electricity intervention fund didn’t produce significant result

    Zainab Ahmed: FG’s N1.3trn electricity intervention fund didn’t produce significant result

Zainab Ahmed, minister of finance, budget and planning, says the N1.3 trillion intervention fund the federal government provided for the power sector has not yielded any significant result. On March

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NBET moves to expunge N7.2bn budget for ‘senate’ — after TheCable’s exposé

  NBET moves to expunge N7.2bn budget for ‘senate’ — after TheCable’s exposé

The Nigerian Bulk Electricity Trading (NBET) Plc is making moves to expunge the N7,620,840,000 allocated for the “senate” in its

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REVEALED: NBET budgets N7.6bn for ‘senate’ — but can’t settle GenCos’ invoices

  REVEALED: NBET budgets N7.6bn for ‘senate’ — but can’t settle GenCos’ invoices

The Nigerian Bulk Electricity Trading (NBET) Plc allocated N7,620,840,000 for the “senate” in its 2021 budget, TheCable has discovered in

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EXCLUSIVE: Qua Iboe power project stalls as FG weighs liabilities

  EXCLUSIVE: Qua Iboe power project stalls as FG weighs liabilities

The progress of the Qua Iboe Power Plant (QIPP), which is expected to generate 540 megawatts of electricity when completed,

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EXCLUSIVE: FG, QIPP begin negotiations on ‘take or pay’ power deal

  EXCLUSIVE: FG, QIPP begin negotiations on ‘take or pay’ power deal

After initial delays, the federal government and promoters of the Qua Iboe Power Plant (QIPP), a private generating company, have

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EXCLUSIVE: Accugas issues new deadline to FG — after receiving N13.6bn arrears

  EXCLUSIVE: Accugas issues new deadline to FG — after receiving N13.6bn arrears

Federal government has settled N13.6 billion of outstanding invoices Accugas Ltd for gas supply to the Calabar Generation Company Limited,

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EXCLUSIVE: Power minister launches moves to pay disputed N13.5bn to Adeleke’s power plants

  EXCLUSIVE: Power minister launches moves to pay disputed N13.5bn to Adeleke’s power plants

Sale Mamman, minister of power, has launched moves to pay the disputed N13.5 billion claims to power plants owned by

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