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NERC Calls for Reassessment of NBET License Renewal Amid Concerns

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NERC Calls for Reassessment of NBET License Renewal Amid Concerns....KINDLY READ THE FULL STORY HERE▶

The Nigerian Electricity Regulatory Commission (NERC) has ordered the Nigerian Bulk Electricity Trading (NBET) to submit additional documentation for its license renewal. This decision follows a public hearing held in Abuja, where NERC expressed dissatisfaction with the presentation made by NBET’s Acting Managing Director, Mr. Johnson Akinawo.

During the closing remarks, NERC’s Commissioner for Legal and Licensing Compliance, Barrister Dafe Akpeneye, highlighted that Akinawo did not sufficiently justify why NBET should receive its license renewal. This license is set to expire on November 21, 2024. Akpeneye emphasized that there would not be another public hearing for NBET, but the commission is allowing a written submission to support the renewal request.

“In making those presentations to us, we expect you to have talked more about the issues,” Akpeneye stated. He underscored the importance of instilling confidence in potential investors, noting that the organization must address various concerns to build trust in its operations.

The commissioner reiterated, “NBET will not have another opportunity for a hearing. You have until November 21 to provide a proper written submission in support of your application.” He added that the commission has yet to make a final decision on the license renewal, stating, “The decision will be taken based on the strength of what you have presented before us.”

In his earlier presentation, Akinawo requested a ten-year renewal for NBET’s license, arguing that the Nigerian Electricity Supply Industry (NESI) is not yet ready for bilateral trading. He emphasized that NBET must remain the supplier of last resort in the electricity market and highlighted pending Power Purchase Agreements that still need to be finalized. Akinawo also expressed skepticism about the ability of the states approved by NERC to establish their own electricity commissions and manage tariff matters effectively.

Responding to these discussions, Mr. Edun Okeke, Managing Director of the Azura – Edo Power Plant, encouraged NERC to consider granting an indefinite license instead of the ten-year limitation proposed by Akinawo. According to Okeke, an indefinite license would enhance investor confidence, particularly among banks.

Making a case for the license renewal, former Market Operator Mr. Edmund Eje stressed that NBET continues to play a critical role in the electricity sector. His insights echoed the importance of maintaining a robust regulatory framework that supports both industry stability and investor assurance.

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Mega-Coalition Alarm: Peter Obi and Kwankwaso’s Secret Meet With Dickson Sends Shockwaves Through 2027 Power Blocs! .

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Amidst an internal leadership tussle within the OK Movement—a political coalition uniting the Kwankwassiyya and Obidient factions—Nigerian Democratic Congress (NDC) standard-bearers Peter Obi and Rabiu Kwankwaso recently held high-level talks with party National Leader Senator Seriake Dickson.....KINDLY READ THE FULL STORY HERE▶

The meeting, hosted at Dickson’s Abuja residence, comes as supporters grow increasingly anxious that factional disputes could undermine the coalition ahead of the 2027 general elections. While exact details of the rift remain under wraps, Dickson took to Facebook to reassure the public, stating that the discussions centered on party advancement and strategizing for political campaigns slated to kick off later this month. He strongly appealed to all stakeholders and members to maintain solidarity and focus on collective victory.

In a separate development, the Independent National Electoral Commission (INEC) has triggered controversy regarding the NDC’s Edo South senatorial candidate for the 2027 polls. The electoral portal displayed a mismatched profile featuring Sunny Aguebor’s photograph alongside Epelle-Asemota Bridgitte Osayuki’s name. Condemning the error as suspected internal sabotage, former Senate Chief Whip Rowland Owie insisted that Aguebor won the primary monitored by INEC and vowed that the discrepancies would be firmly challenged.

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Makinde Will Sell Nigeria If He Becomes President – APC.APC Drops A Blistering 2027 Bombshell!.

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The All Progressives Congress (APC) in Oyo State has heavily criticized Governor Seyi Makinde, asserting that his management of state resources disqualifies him from aspiring to national leadership.....KINDLY READ THE FULL STORY HERE▶

Responding to Makinde’s recent criticisms of President Bola Tinubu’s economic agenda and his remarks regarding the upcoming 2027 presidential election, Oyo APC Publicity Secretary Wasiu Sadare issued a statement contrasting the leadership styles of both figures. The ruling party contended that President Tinubu has demonstrated the necessary courage to implement crucial economic reforms that have averted national collapse, earning praise from global institutions, whereas Makinde’s approach to governance falls short.

Furthermore, the APC alleged that Makinde has privatized numerous state assets over the past seven years, claiming that his governance track record indicates he would handle national resources similarly if given power.

This sharp exchange highlights escalating political friction as stakeholders position themselves for the 2027 electoral cycle, with the opposition criticizing federal economic hardships and the ruling party defending the administration’s long-term recovery strategy.

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“DANCE BATTLE OR POLITICS? Gov Uzodimma Drops Brutal Mockery, Tells Davido To Prepare To Hire Governor Adeleke As A Dancer!”

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Imo State Governor and APC National Campaign Council Chairman for the Osun State governorship election, Hope Uzodimma, has dismissed an appeal by Afrobeats artist David Adeleke (Davido) regarding alleged interference in the upcoming August 15, 2026 poll.....KINDLY READ THE FULL STORY HERE▶

Davido—who leads the youth mobilization for his uncle, Governor Ademola Adeleke’s re-election—had earlier warned an unnamed Imo politician against turning the election into a battleground to prove political influence.

In a statement released by his Senior Special Assistant on Electronic and Creative Media, Ambrose Nwaogwugwu, Governor Uzodimma responded with the following key points:

  • Misplaced Appeal: Uzodimma stated that Davido’s appeal was baseless and pedestrian, noting that familial ties to Imo State do not warrant targeting the Imo governor. He advised the singer to direct his concerns to the Osun electorate instead.

  • Commitment to Peace: The Imo governor reiterated his consistent support for a peaceful, free, and credible electoral process, emphasizing that the APC campaign remains focused on its candidate, Bola Oyebamiji, through direct voter engagement.

  • Critique of Adeleke’s Administration: Uzodimma slammed Governor Ademola Adeleke’s performance, claiming widespread public dissatisfaction would lead to an APC victory. He offered no specific polling data to back up these assertions.

  • Parting Jibe: Advising Davido to prepare his uncle for life after office, the governor sarcastically suggested that Davido should consider signing the incumbent governor as a dancer in his music band following the expected defeat at the polls.

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