To reaffirm its status as the biggest cement producer in Africa, Dangote Cement has set the pace with the exportation […]
Author: News Essence
Gencos cry out over Nigeria’s 4,159MW unused electricity
Electricity Generation Companies (GenCos) said although they increased their generation capacity to 8,145 megawatts (MW), but produce only 3,987MW for […]
Embrace green bond finance, NSE boss urges West African countries
The Nigerian Stock Exchange (NSE) urged West African countries to shift and scale up green bond finance and investment to […]
Oil prices fall on doubts over output cuts
Oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will extend […]
NAICOM issues new recapitalisation guideline
The National Insurance Commission (NAICOM) has released a new guideline for recapitalisation of insurance and reinsurance firms. In a circular […]
NNPC launches COVID-19 contact tracing App
The Nigeria National Petroleum Corporation (NNPC) has introduced a COVID-19 contacts-tracing software to be deployed in all its locations across […]
FBN Holdings sells insurance subsidiary to Sanlam
FBN Holdings (FBNH) Plc and Sanlam Emerging Markets (Proprietary) Ltd (Sanlam) have announced the completion of the sale and transfer […]
Brent oil rises to $40 amid hopes for output cuts, recovery
Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers […]
Buhari pledges support for AfDB President Adesina
President Muhammadu Buhari says Nigeria will stand solidly behind Dr Akinwumi Adesina in his bid to get re-elected as President […]
Senate approves Buhari’s $5.513bn external loan request
The senate on Tuesday approved President Muhammadu Buhari’s $5.513 billion external loan request to finance the revised 2020 budget. The […]