Business Hilights

Tracking Nigeria's Headline Business News Online

Nigeria Bulk Electricity Trading (NBET) Plc

Gencos ‘smell rat,’ drag FG to court on allegation of discriminatory practices

Fresh substantive suit, FHC/ABJ/CS/180/2018, between Power generation companies (Gencos) in the country and the federal government is now before Justice Binta Nyako of an Abuja Federal High Court. The case filed by the companies is seeking reversal of what they…

N701bn survival lifeline underway for NBET Plc to grow power sector

The federal government may have concluded plans to release a second batch of the N701bn intervention fund to the Nigeria Bulk Electricity Trading (NBET) Plc as part of moves to grow power supply across the nation. Acting President, Yemi Osinbajo,…