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All Sorted: If the Harry Potter Sorting Hat Took on Muggle...

Have you read each of the Harry Potter books cover-to-cover multiple times and know the movie dialogues off by heart? Do you have at least one Pottermore account and love dressing up in your house colors every Halloween party? Then welcome my fellow Potterheads, to this celebration of our (somewhat unhealthy) obsession with Harry and…

Nigeria loses $28bn annually to power shortages — World Bank

World Bank •Approves $750m loan for electricity in Nigeria•As Transcorp, Geregu GENCOs outperform target By Babajide Komolafe & Ediri Ejoh The World Bank has approved $750 million credit support for Nigeria’s power sector, saying that the country loses about $28 billion annually to power shortages. Meanwhile, the Senate Investigation Committee on Power has reported that…

Nigeria’s oil export to fall by 50% this year —...

By Nkiruka Nnorom Fitch Ratings, world’s leading risk analysts, has said that Nigeria’s oil export will record a 50 percent decline by end of this year due to the impact of the Coronavirus (COVID-19) pandemic on the economy. Mahmoud Harb, Director, Fixed Sovereign Team, Fitch Ratings, stated this in a webinar on Sovereign Risk in…

MTN, BUA Cement drag equities down, investors lose N119bn

Nigerian Stock Exchange By Nkiruka Nnorom Profit taking in some blue chip stocks, including BUA Cement Plc, MTN Communication Nigeria Plc and some banking stocks, yesterday dragged the equities market to the red zone with investors losing N119 billion. Analysis of the day’s trading showed that the benchmark All Share Index (ASI) slipped by 0.9…

Firms lose confidence in economy, index now down to -66.2%

File: Market •Rebound not expected until Oct By Babajide Komolafe At the backdrop of the lull brought about by the Coronavirus (COVID-19) lockdowns, Business Confidence Index fell into the negative territory for the first time to -66.2 index points in May, 2020, indicating loss of confidence among business owners across the country. A report by…

SON, Tech Committee outline road map for tomato value chain

In furtherance of the Federal Government’s economic diversification policy, the Standard Organisation of Nigeria, SON, and the Technical Committee on Fruits and Vegetable Products are now working on an implementation of the draft codes of practices for the tomato value chain from planting, harvesting, processing and transportation to Storage. Director-General, SON, Osita Aboloma, said that…

COVID-19: FG, Shell, Eni await new date for $1.1bn Malabu court...

•As court adjourns case earlier slated for May 14, 2020 By Soni Daniel & Udeme Akpan BARELY, a week after the London court had dismissed the $1.1 billion Malabu case, involving the purchase of Oil Prospecting Licence (OPL)245, on grounds of lack of jurisdiction, the court in Milan, Italy, has adjourned a similar case ‘to…

Vessel crashes into breakwaters in Escravos channel

By Godwin Oritse A SUPPLY vessel, ‘M/T DEVISA’ has crashed into the breakwaters of the Escravos channels damaging the vessel and part of the mole. Speaking to Vanguard Maritime Report on the development, Captain Tobi Charlie, Managing Director of Escravos Pilots Nig. Limited, said that the vessel was travelling at night when the accident occurred adding that immediately…

UK’s old university towns hit by Covid-19 ‘double whammy’

Usually, St Andrews is thronged with students and its Old Course links fully booked by international golfing tourists. Around 9,000 students make up one-third of the population, and Scotland’s oldest university, which generated £268.6m for the local economy in 2018, is the town’s major employer, supporting 4,260 jobs. Epidemics of infectious diseases behave in different…

NSE rebounds by 1.70% on financiers interest in high yield dividend...

Nigerian Stock Exchange The Nigerian domestic equities market on Tuesday rebounded by 1.70 per cent on renewed investors’ interest in high yield dividend stocks. Speficially, the All-Share Index, which opened at 25,816.57, inched 438.54 points or 1.70 per cent to close at 26,255.11. Consequently, the Month-to-Date return (+0.15%) turned positive, while Year-to-Date losses moderated to…

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