NewsDirect

NewsDirect

Electricity consumers kick against proposed new tariffs

Electricity consumer groups on Sunday, kicked against the planned review of electricity tariffs for the 11 power Distribution Companies (DisCos) by the Nigerian Electricity Regulatory Commission (NERC). They maintained that there was no justification for any upward review of electricity…

Dangote Cement to pay N40.39bn in corporate tax

Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021. According to the financial result published by the country’s largest cement manufacturer…

FG offers 5 NIPP stations for sale

The Bureau of Public Enterprises (BPE) has called on prospective investors to express interest in purchasing 100 per cent shareholding in any of the five power generation companies constructed under National Integrated Power Project (NIPP) listed for sale. It said this…

NNPC not in financial straits – Obateru

The Nigerian National Petroleum Corporation (NNPC) says that the Corporation is not in  any financial straits as insinuated in the media. Dr Kennie Obateru, General Manager,  Group Public Affairs Division of the corporation, disclosed this in a statement in Abuja…

Attacks on facilities may affect future polls — INEC

The Independent National Electoral Commission (INEC) has said recent attacks on its facilities, if remained unchecked, may affect future polls. The commission expressed concern, particularly with the ongoing conversion of voting points to polling units, voter registration and the conduct…

Equities market of NGX up by 1.36% WoW

By Kayode Tokede The Nigerian Exchange Limited (NGX) All-Share Index and Market capitalization appreciated by 1.36 per cent to close the week at 39,834.42 basis points and N20.847 trillion respectively. All other indices finished higher with the exception of NSE…