Tag: NBET

Electricity

Electricity got only N60m of N858bn 2025 budget – NBET

The Nigerian Bulk Electricity Trading Plc revealed that just N60 million of the N858 billion allocated in its 2025 capital budget for electricity tariff shortfalls was actually released. Acting Managing Director Johnson Akinnawo made the disclosure while presenting the agency’s 2025 budget performance and defending its 2026 proposal before the Senate Committee on Finance. He […]

CBN, NBET, others owe N180bn energy debt - NDPHC
Electricity

CBN, NBET, others owe N180bn energy debt – NDPHC

The Central Bank of Nigeria and the Nigeria Bulk Electricity Trading Company are estimated to owe between N150 billion and N180 billion for their debts related to Nigeria’s power system, according to the Managing Director of the Niger Delta Power Holding Company, Chiedu Ugbo. According to The Times, the MD said “The market owes NDPHC hundreds of […]