The administration of President Bola Tinubu may be contemplating the dissolution of the Nigeria Bulk Electricity Trading Plc (NBET) following the expiry of its current operating licence. This development comes after the Minister of Power, Adebayo Adelabu, declined to renew the tenure of the current Managing Director/CEO of the company, Nnaemeka Ewelukwa. Mr Ewelukwa succeeded … Read more
The Nigerian government has flagged off a N40 billion mass metering project to end the era of estimated billings in the Nigerian Army formations nationwide. Bolaji Tunji, special adviser on strategic communication and media relations to the Minister of Power, Adebayo Adelabu, disclosed this in a statement on Sunday. “The Federal government has begun the … Read more
The Nigerian government has paid over $120 million to offset some of the debts owed to the gas companies (GasCos), an official has said. The Director, Decade of Gas Secretariat, Ed Ubong, disclosed this at the ongoing 7th edition of the Nigeria International Energy Summit (NIES 2024) in Abuja on Thursday. “The arrears gas producers … Read more
The Nigerian government on Wednesday said it has become very difficult to sustain subsidies on electricity in the country. Nigeria’s Minister of Power, Adebayo Adelabu, disclosed this at a press conference in Abuja. Mr Adelabu explained that the indebtedness of the country’s power sector to electricity-generating companies (GenCos) and the gas companies (GasCos) has risen … Read more
The Transmission Company of Nigeria (TCN) says it has fully restored the collapsed national electricity grid. The TCN General Manager, Public Affairs, Ndidi Mbah, disclosed this in a statement Sunday evening. “The Transmission Company of Nigeria, (TCN) hereby states that the grid experienced a partial disturbance at about 11:21 hours today with Ibom power islanded, … Read more
