Buhari Extends Marilyn Amobi’s Tenure As NBET MD

'Dotun Akintomide
Writer

Ad

Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered…

Japan designates Kisarazu as official hometown for Nigerians

In a landmark move to boost cultural ties and economic cooperation, the Government of Japan has designated the city of Kisarazu as the official hometown for Nigerians wishing to live and work in the country. The announcement was made on Thursday on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9), held…

FG to raise N200bn through two bond offers at August auction

By Obinna Uballa The Debt Management Office (DMO) has announced plans to raise N200 billion through two Federal Government bond offerings scheduled for auction on August 25, 2025. According to a notice issued by the DMO on Friday, the subscription price for each bond is fixed at N1,000 per unit, with a minimum subscription requirement…

Ad

President Muhammadu Buhari has approved a renewal of Marilyn Amobi’s tenure as the Managing Director of the Nigeria Bulk Electricity Trading Company Plc.

The renewal was announced in a statement by Yunusa Abdullahi, the Special Adviser on Media and Communications to the Minister of Finance, Budget and National Planning, Zainab Ahmed.

Members of the reconstituted NEBT board are Ahmed; Alexander Okoh, a representative of the Bureau of Public Enterprises (80% shareholder in NBET) as Non-Executive Director; Patience Oniha, Director-General of the Debt Management Office as Non-Executive Director; Ben Akabueze, Director-General of the Budget Office of the Federation as Non-Executive Eirector; and A non-Executive Director to represent the Ministry of Power, who should be a staff not below the level of a Director.

Others include Suleyman Ndanusa, former Director-General of Securities and Exchange Commission, as Non-Executive Director (Independent); Mustapha Balarabe Shehu, former President of the Nigeria Society of Engineers, as Non-Executive Director (Independent); Adeyeye O. Adepegba as Non-Executive director (Independent); with Amobi serving as Managing Director/Chief Executive Officer.

Ad

X whatsapp