Energy Business Digest
President Buhari Reappoints Dr Amobi, Constitutes NBET Board
Dr. Marilyn Amobi has been reappointed the Managing Director, Nigeria Bulk Electricity Trading Company Plc. (NBET) for another four years by President Muhammadu Buhari. The reappointment was communicated in a release, Thursday, by the Honourable Minister of Finance, Budget & National Planning, Zainab Usman and signed by her Special Adviser, Media and Communications, Yunusa Tanko […]
Ikeja Electric Gets new CEO, Signs Supply Agreement with Estate
The baton has changed hands at Ikeja Electric Plc, Nigeria’s largest Electricity Distribution Company with the appointment of Mrs. Folake Soetan as its Acting Chief Executive Officer. She took over the saddle on Monday, 2nd March, 2020. She takes over from Dr. Anthony Youdeowei who had led the company as CEO for the last four […]
TCN restores bulk power supply to areas in Ibadan DisCo after fire incident
The Transmission Company of Nigeria, TCN, has reported that it has restored bulk power supply to Ibadan DisCo distribution lines that were out due to fire incident on Wednesday at TCN substation in Ayede, Akinyemi along Ring Road in Ibadan, Oyo State. According to the release published on TCN twitter handle and signed by the […]
Stop asking customers to pay for network infrastructure – NERC
The electricity sector regulator, NERC, has news for the electricity distribution companies; they should stop asking customers to pay for replacement and installation of network infrastructure such as faulty transformers, substation materials or lines, etc. According to a release published on the website of the industry regulator, the only scenario where the customer is to […]
We are still listening to Stakeholders – El- Rufai
If you were expecting quick fix report from the Federal Government Committee to review the present ownership of power assets in the country, you have to tarry awhile. According to the Chairman of the committee, Mallam El-Rufai, Governor of Kaduna State, they are still listening to stakeholders before they make up their minds as to […]
Ghana, Siemens sign €250m Power Grid Improvement Deal
While some Nigerian Power Sector operators and experts have issues with the recent Nigerian Government agreements with Germany for Siemens to reposition the nation’s power infrastructure, the Government of Ghana has wholeheartedly signed a similar mega deal with the company. Siemens has just signed a memorandum of understanding with the Republic of Ghana to upgrade […]
Speaker Femi Gbajabiamila wades into Electricity Tariff Increase controversy
The Honourable Speaker of the House of Representatives, Mr Femi Gbajabiamila has spoken his mind on the current controversy of electricity tariff increase recently announced by the power industry regulator. For the Speaker, he would want the National Assembly to support the increase in electricity tariffs, making it cost reflective so that it would be […]
President Buhari over-rules Minister of Power, reinstates NBET MD
The Power Sector has of recent become the theatre of chess games! The latest move is that of President Buhari reversing the moves of the Minister of Power, Engr Sale Mamman. The Minister of Power had in the wee hours of December 2019 technically “sacked” the Managing Director of the Nigerian Bulk Electricity Trader, NBET […]
President Buhari Appoints Ahmad Salihijo Ahmad as MD, REA
The Rural Electrification Agency, REA, has a new Managing Director/ Chief Executive Officer in the person of Ahmad Salihijo Ahmad. According to a just released twitter post by the Office of the Minister of Power @PowerMinNigeria, the appointment of Salihijo Ahmad has been approved by President Mohammadu Buhari. The appointment of the new MD was […]
Power Minister Asks MD, NBET to Step Down, Suspends MD, REA
In one fell swoop, the Federal Minister of Power, Engr Sale Mamam has asked the Managing Director of Nigerian Bulk Electricity Trading Company, NBET, Dr Merilyn Amobi to step down and suspended the Managing Director of Rural Electrification Agency, REA, Mrs Damilola Ogunbiyi in what seems to be a major shake up in the Power […]
President Buhari Reappoints Dr Amobi, Constitutes NBET Board
Ikeja Electric Gets new CEO, Signs Supply Agreement with Estate
TCN restores bulk power supply to areas in Ibadan DisCo after fire incident
Clement on TCN Commissions 2 Power Transformers in 2 States in One Day
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