Wednesday, April 14, 2021
OPEC Raises Oil Demand Growth on Stronger Economic Recovery
The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery. The cartel, in its April Monthly Oil Market Report (MOMR), a copy of which THISDAY obtained yesterday, said demand would rise by 5.95 million barrels per day (bpd) in 2021, or 6.6 per cent, up by 70,000 bpd from last month. Read more
The National Pension Commission (PenCom) has been certified with the ISO 27001:2013 quality Standard certification for compliance in all core areas of operations in its Information Security Management System (ISMS). The ISMS provides a systemic approach to effectively manage the risks associated with the commission’s information assets by using well-defined processes, technology and people. Read more
Nigerian Exchange lists BUA Cement’s N115bn bond
The Nigerian Exchange Limited has listed BUA Cement Plc’s N115 billion 7-Year Series 1 Fixed Rate Senior Unsecured Bond issue, the first listing in the NGX era. The listing was commemorated with a digital Closing Gong Ceremony featuring the Chief Executive Officer, BUA Cement Plc, Mr Yusuf Haliru Binji, according to a statement by NGX. Read more
Pipeline vandalism reduced by 37.21% in January – NNPC
The Nigerian National Petroleum Corporation on Tuesday announced a 37.21 per cent decrease in cases of pipeline vandalism across the country in the month of January 2021. It announced this in a statement issued in Abuja by its spokesperson, Kennie Obateru. It said a total of 27 pipeline points were vandalised in January 2021, down from the 43 points recorded in December 2020. Read more
Ecobank appoints new head of corporate banking
Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the appointment of Akin Dada as the new Executive Director of Corporate and Investment Banking. Previously Head of Ecobank Group’s Corporate Banking, Dada joined Ecobank in 2017 as the Executive Director of Corporate Banking in Nigeria, according to a statement from Ecobank on Tuesday. Read more
Ministers, others seek new approach to stimulating investments in energy
Stakeholders in the and energy sector have raised concern about Nigeria’s energy outlook, insisting that unless the country addresses critical challenges that limit private sector investment, sustainable energy development may remain a mirage. Read more
UBA business series to empower SMEs
As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the continent, United Bank for Africa (UBA) Plc, is set to organise the next edition of its UBA Business Series. The UBA Business Series, which is a monthly event, is an MSME workshop as well as a capacity-building initiative of the bank where business leaders and professionals share well-researched insights on best practices for running successful businesses, especially in the face of the difficult operating environment. Read more
