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Business

TCN Disconnects Ajaokuta Steel From National Grid Over N33bn Electricity Debt

The Transmission Company of Nigeria (TCN) has suspended services at the moribund Ajaokuta Steel Company Limited (ASCL).The suspension was following the failure of Ajaokuta...

Business

CBN, NBET, others owe N190bn electricity bill

The Niger Delta Power Holding Company (NDPHC) has disclosed that the Central Bank of Nigeria and the Nigeria Bulk Electricity Trading Company (NBET) are...

Business

Electricity subsidy costs Nigerian govt N36bn in three months —NERC

The Federal Government paid a total of N36 billion to subsidise electricity consumption in the country in the first quarter of 2023, the Nigerian...

News

Reps panel moves to recover alleged N4.014 trillion electricity consumers’ debt

House of Representatives Committee on Public Accounts, yesterday, resolved to beam its searchlights on Nigerian Bulk Electricity Trading (NBET) Plc over N4.014 trillion debt...

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