Hong Kong stocks fell on Monday, tracking regional markets, with financial and IT stocks leading the decline. The Hang Seng Index fell 0.8 percent, to 21,304.44, while the China Enterprises Index lost 1.5 percent, to 8,986.33 points. All sectors, with the exception of service shares, fell. The Hong Kong-listed shares of Zoomlion Heavy Industry Science and Technology Co dropped more than 3 percent after the company reported its worst quarterly loss on record. Bucking the broader trend, shares of Chinese developer Evergrande Real Estate Group jumped 3.7 percent in Hong Kong, after it said it would buy a stake in…
Author: Pride Team
The federal government is looking at initiating a treasury bond to the tune of N300 billion to improve funding in Nigeria’s electricity market. It was gathered from two industry sources who are conversant with the development that the proposed treasury bond would seek to address the prevalent operational challenges the 11 electricity distribution companies (Discos) face. The Discos, the sources said, are not charging consumers cost-reflective rates for electricity supplied to them, and the government is also not willing to provide some sort of subsidy to cushion their revenue shortfalls as reportedly agreed with them during the power privatisation exercise.…
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has lamented massive and unprecedented loss of jobs in the oil and gas industry globally and in Nigeria. The Nigerian oil and gas industry recorded a loss of about 150,000 jobs in the 26 months to February 2016, the Petroleum and Natural Gas Senior Staff Association of Nigeria said. National President, of PENGASSAN, Mr. Francis Johnson, noted that there had been a massive and unprecedented loss of jobs in the oil and gas industry globally and in Nigeria. Johnson stated this in Abuja at the Save Nigeria Oil and Gas…
Dangote group is planning more investments in the country in a bid to enlarge job creation opportunities and create a stable economy. The group will further intensify its investments in the private sector through the expansion of its existing capacity and increased stakes in fresh investments. Chairman of the group Aliko Dangote who made the announcement at a dinner in his honour to mark his emergence as The Guardian Newspapers Man of the year, also stated his company’s preparedness to partner with the media to conduct a comparative analysis and study bordering on the volume of investment between the federal…
Crude prices firmed after the International Energy Agency (IEA) said non-OPEC production would fall this year by the most in a generation and help rebalance a market dogged by oversupply. IEA chief Fatih Birol said low oil prices had cut investment by about 40 percent over the past two years, with sharp falls in the U.S., Canada, Latin America and Russia. Benchmark Brent crude futures were up 12 cents at $45.92 a barrel by 12:04 GMT (7:04 a.m. CT). U.S. crude futures were 4 cents higher at $44.22. Both have gained about 70% from lows hit between January and February.…
If you are a Maki Oh fan and Beyoncé stan (a.k.a. #Beyhive), then this would excite you. We love it when one of our own gets the international standing they deserve. This time Nigerian fashion brand Maki-Oh takes center stage and gets featured in Beyoncé’s new video titled, lemonade. In one of the scenes, Amandla Sternberg can be seen wearing the tear drop adire. An amazing feat! A photo posted by Maki Oh Lagos (@maki.oh) on Apr 24, 2016 at 6:53am PDT A photo posted by Maki Oh Lagos (@maki.oh) on Apr 24, 2016 at 7:57am PDT xosotin chelseathông tin…
The unexpected death of the Iconic singer, Prince, sent the world into a whirl of mourning by fans and celebrities (who undoubtedly were also fans of the artist) – Beyonce reiterated how starstruck she was of him during their ‘crazy in love’ 2004 performance. In addition to his great musical record, his stylishness was one which was very “prince” – unconventional and dramatic. And though his sexuality was always up for debate because of this, speculations didn’t deter his love for stylish profusion, the world loved and accepted him nonetheless. We’ve put together looks we love xosotin chelseathông tin chuyển…
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Lagos State Governor, Mr. Akinwunmi Ambode on Sunday expressed sadness over the passage of the former Deputy Governor of the State, Alhaji Rafiu Jafojo. Jafojo, who was Deputy Governor during the administration of former Governor, Alhaji Lateef Jakande during the Second Republic, died on Saturday in his Lagos residence at the age of 80. The Governor in a condolence message signed by his Chief Press Secretary, Mr. Habib Aruna, said Jafojo’s death was a great loss to the State, adding that his contribution to the development of State will not be forgotten in a hurry. “Alhaji Jafojo was part and…
Oyo state Governor, Senator Abiola Ajimobi, has promised to hand over mission schools to owners who have genuine proposal for the development of such schools and proven commitment to education advancement. The governor made the promise in his address at the archdiocesan reception for the 34th council of Bishops at the Bishop Ayo Ladigbolu House, Molete, Ibadan, on Saturday, which was attended by bishops and archbishops of the Methodist Church across the country. He said this in response to a request by the Prelate of the church, Dr. Samuel Uche, for the return of mission schools to their original owners…