Pregnant Woman Does a Full Face Beauty During Delivery

he New York based professional beautician has said that she wanted to look all glam to welcome her daughter into the world.

According to her, “Three weeks ago at this time I was finishing up my make-up and getting ready for my princess to make her appearance. Yes, I was doing my make-up while I was in labor!”

The African Modular Crude Refinery Seminar 2016

Spaces are Filling up at African Modular Refinery Seminar 2016 

 

 The African Modular Crude Refinery Seminar 2016

Growth at Risk as Factories Stuck in Rut

South African’s manufacturing sector is stuck in a quagmire and will drag economic growth even lower.
Key indicator Barclays purchasing managers’ index (PMI) on Monday showed a sixth consecutive drop last month.
As inventories continue to outstrip new sales orders, manufacturing production will be muted; this points to weak economic growth and more job losses in the sector.
Given that manufacturing is the fourth biggest contributor to gross domestic product, this bodes ill for the economy.

 

At 43.5, the PMI was more than five index points below last year’s average. The 50 point is neutral and anything below that indicates contraction.
The drop in SA’s and China’s PMI pushed the rand over the R16/$ barrier after it broke through the psychologically key level at the weekend although it recovered late in the day. The JSE and Shanghai Composite both closed down on the news.
China’s official PMI slipped to 49.4 from 49.7. A private survey, the Caixin-Markit China Manufacturing PMI, underscored the trend by showing factory activity shrinking for an 11th month. The PMI of SA’s other leading trade partner — the eurozone – also contracted, although it remained above the 50 mark.

US Attorney Five charged with scheme to steal GSK secrets

The five include two former GlaxoSmithKline researchers.

The charges were announced by the US Attorney's Office in Philadelphia late on Wednesday.

It lists charges of conspiracy to steal trade secrets, theft of trade secrets, and wire fraud.

The stolen information, which contained details of drugs for cancer and other serious diseases "potentially could be sold for millions of dollars to rival pharmaceutical companies".

The documents said the information would also be useful for a start-up pharmaceutical company.

Nigeria Pipelines: FG unveils Plan to Privatise Petroleum Pipelines

The Federal Government yesterday unveiled plans to privatise the country’s petroleum products pipeline chain. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, stated this while on a tour of petroleum products depots in Apapa, Lagos.

Kachikwu who said the move to privatise the pipelines was part of efforts aimed at reducing the issue of petroleum products theft, noted that it will also address the challenge of constant vandalism.

 

“Ultimately, we are going to look at pipelines early next year in January to see how we can privatise the management of these pipelines and get them out of these perennial problems they have because if we are pumping directly through these pipelines, some of these problems will be reduced. But like I said, all these problems added are not as big as the problems of the fact that the major participants are not bringing products,’’ he said.

Logistics Company, Red Star Express posts N6.7bn turnover

red star express

Red Star Express Plc, leading logistics Company, today posted N6.7Billion turnover  for the financial year ended March 31, 2015 and a profit after tax of N611million representing one percent increase in profit over 603.9 million profit for last year.

Prolong Fuel Scarcity’ caused as ‘Banks Responsible

NIGERIA- The non-cooperation of banks on the account of the debts they are owed by oil marketing companies will prolong the current fuel scarcity. This is in spite of assurances given to the marketers by the Federal Government that it would settled the outstanding payment.

 

This is even as the Petroleum Product and Pricing Regulatory Agency (PPPRA) is alleged to have reduced both the volume and number of marketers it has given licences for fuel importation, for the third quarter of the year.

PSC contract deadlock stalls gas supply to power plants

The nation’s dream of achieving uninterrupted power supply may not materialise, following the alleged dispute between the Federal Government (FG) and international oil companies (IOCs), over the ownership of gas in the deep offshore fields being operated under the Production Sharing Contract (PSC), BusinessDay findings have shown.

A clause which is said to have vested exclusive ownership of the gas on the Federal Government, has prevented the international oil companies (IOCs) from developing the gas fields that would have been used to boost the supply of electricity.

A source close to the Department of Petroleum Resources (DPR), the nation’s regulatory agency for the oil and gas industry, who pleaded anonymity said, “some of the IOCs may have decided not to show interest in the development of the deep offshore gas, because of the clause in the PSC which governs the operations of deepwater operations, and which vested the ownership of the gas in the fields in the hands of government, while the oil is the commercial product on which economies should be based.”