Saturday, February 16, 2019

Tag "Nigerian Bulk Electricity Trading Plc"

    How NBET has been ‘victimising staff who exposed corrupt MD’

How NBET has been ‘victimising staff who exposed corrupt MD’

The travails of Abdullahi Sambo and Waziri Bintube at Nigerian Bulk Electricity Trading Plc (NBET) began in June, 2017 after Sambo wrote to the ministry of power, works, and housing, challenging his redeployment. Sambo said his redeployment and subsequent predicament at NBET is not unconnected with his whistle-blowing on the MD/CEO of NBET, Marilyn Amobi, whom he accused of mismanagement [...]

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    Adeosun: Power purchase agreements still valid

Adeosun: Power purchase agreements still valid

Kemi Adeosun, minister of finance, says the power purchase agreements reached with project developers in the power sector is still valid and not cancelled, as rumoured.In a statement released on Friday, Adeosun said Nigerian Bulk Electricity Trading (NBET) Plc is saddled with the responsibility of negotiating the agreements while the ministry, through the Debt Management Office, estimates the size of [...]

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    Niger, Benin Republic pay $64.6m electricity debt to Nigeria

Niger, Benin Republic pay $64.6m electricity debt to Nigeria

Babatunde Fashola, minister of works, power and housing, says Niger Republic and Benin Republic have paid $64.6 million from the $115.91 million owed for electricity supply.The minister made this known at the 21st edition of the monthly power sector operators forum in Asaba, Delta, adding that Nigerian Bulk Electricity Trading Plc (NBET) would soon commence disbursements of the recovered funds [...]

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Exchange Rates

February 15, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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