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Instablog9ja
25 m
9
TG Omori has told Nigerians that he is healing now from the stitches of the fail£d one, and that he will continue the f+ght following a fail£d kidney transplant surgery.
He said he is up and grateful o lord. Thank you all for the prayers and well wishes, he is healing now from the stitches of the f@iled one, he will continue the fight, been on it for past a year or two and he can’t back down now. Love y’all so much. Can’t wait to make New crowded music videos for y’all.
Investopedia
25 m
11
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GE Vernova (GEV) shares jumped Thursday to their all-time high after William Blair analyst Jed Dorsheimer initiated coverage of the power-generation equipment and services company with an "outperform" rating, citing the demand for energy to run artificial intelligence (AI) products.
Dorsheimer wrote in a note to clients Thursday that “the reality behind AI” is that natural gas and gas turbine power are “underappreciated.”
He added that renewable energy sources aren’t capable of producing the electricity needed to supply the grid for this burgeoning demand, and that natural gas is the “pragmatic” answer. He said his firm believes GE Vernova “is best positioned to benefit as the energy sector reverts back to pragmatism and quietly walks back from the 100% green idealism.”
Dorsheimer said that the natural gas turbines currently in use are aging, and because of the call for more electricity, power plants are running harder and past scheduled retirement. He argued that that fact benefits GE Vernova, whose service contracts for the machines act as recurring revenue.
Dorsheimer said in the research report that using two ways to analyze the valuation, GE Vernova’s share price should be $216.
Shares of GE Vernova, which was created in April when the old General Electric divided into three separate companies, gained 4% on Thursday to close at $191.36, after moving as high as $195.68 during the session.
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Instablog9ja
2 hrs
9
A Nigerian national faces drug smuggling charges after Anti-Narcotics Force’s (ANF) Lahore International Airport operation uncovered concealed cocaine capsules.
The suspect, who had flown into Pakistan from Nigeria via Dubai, was found with 38 c+caine-filled capsules hidden in his stomach, The Express Tribune reports. According to ANF spokesperson, a total of 608 grams of c+caine was recovered from the capsules.
This arrest underscores a worrisome and accelerating trend in transnational drug smuggling, with foreign nationals playing a significant role. Notably, Nigerian nationals have been disproportionately represented in these cases, with 10 individuals apprehended in 2023, and a remarkable 4.811 kilograms of contraband seized, highlighting the urgent need for enhanced international cooperation.
Thus far in the current year, law enforcement agencies have undertaken a series of rigorous operations, totaling seven, which have yielded significant results in the fight against narcotics trafficking. Specifically, these efforts have led to the successful apprehension of eight Nigerian individuals, accompanied by the substantial seizure of 11.420 kilograms of illicit substances.
Investopedia
2 hrs
10
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Major U.S. equities indexes were mixed after a report showed that the U.S. gross domestic product (GDP) grew more than previously thought in the second quarter.
After trading higher for much of the session, the S&P 500 lost steam in the afternoon to close flat on the day. The Dow jumped 0.6% to print an all-time closing high for the third time this week, while a post-earnings decline from Nvidia (NVDA) shares weighed on the Nasdaq, which slipped 0.2%.
The top daily performance in the S&P 500 belonged to shares of Best Buy (BBY), which surged 14.1% after the electronics retailer reported better-than-expected revenue and net income for the second quarter. Although comparable store sales slipped year over year, Best Buy highlighted sales growth in tablets and computers in the quarter. The company said it expects "uneven" consumer behavior to remain yet still boosted its full-year profit forecast.
Medical device maker Cooper Companies (COO) also topped sales and profit forecasts with its quarterly results while increasing its annual outlook, and its shares jumped 11.8%. Cooper pointed to market share gains in contact lenses, where it expects strong demand to continue, as well as firmness in its fertility and surgical businesses.
Shares of West Pharmaceutical Service (WST), a maker of injectable pharmaceutical packaging and delivery systems, added 5.8% on Thursday. West Pharma shares plunged in late July after the company lowered its full-year sales and profit forecasts, citing lower demand for its products as biotech customers worked through existing inventories, but the stock has been trending higher since then.
Dollar General (DG) shares plummeted 32.2%, racking up the steepest loss of any S&P 500 stock. The discount retailer's stock plunged after its second-quarter sales and profits fell short of analysts' expectations. The company attributed its soft sales performance to financial constraints faced by its customers but highlighted initiatives to enhance the value and convenience of its stores. Shares of competitor Dollar Tree (DLTR) fell 10.2% on the day.
Shares of data storage provider NetApp (NTAP) sank 9.6% following the company's quarterly earnings release. Although sales and profits for the period exceeded forecasts, driven by strength in NetApp's all-flash memory arrays, the company noted continued headwinds related to customers limiting their spending on storage and other IT investments amid an uncertain macroeconomic environment.
Nvidia shares fell 6.4% on the day. Similar to NetApp, the AI chip giant reported better-than-expected results for the recent quarter, but a slowdown in the pace of growth raised questions about whether the stock can sustain its explosive trajectory.
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Instablog9ja
3 hrs
14
NiDCOM boss, Abike Dabiri-Erewa, has celebrated Kelechi Ndukwe who has been promoted to the rank of Navy Captain.
A hearty congratulations to Navy Captain Kelechi R Ndukwe who has been promoted to the rank of Navy Captain from Commander, in the US NAVY He is the first Nigerian American to Command a US warship
Instablog9ja
4 hrs
10
An employee of a handling company at the Malam Aminu Kano International Airport, Kano, Auwalu Ahmed Dankade, who returned $10,000 he found while cleaning an aircraft, has said that his motivation is to please Allah, Daily Trust reports.
The sum, equivalent of approximately N15m, was found on Wednesday afternoon in an Egyptian aircraft, and Dankade immediately reported the discovery to his company manager, leading to the identification and return of the money to its owner.
In a telephone interview with Daily Trust, Dankade said, “I have been trained not to take what does not belong to me. Anything you take unlawfully, you will be held accountable for in the hereafter.
“My parents taught us to be content with whatever we have, and this upbringing made it easy for me to return the money.”
Sources at the airport hinted that Dankade would be invited to Lagos by his employers on Friday, possibly to receive a reward for his honesty and exemplary conduct.
