What Wall Street Analysts Think Of Nvidia’s Stock Ahead Of Earnings
~0.8 mins read
Chip giant Nvidia’s latest quarterly financial results, due Wednesday after the closing bell, will be one of the week’s most closely watched stock-market events. The results will land with shares of the AI chipmaker up more than 150% this year through Tuesday's close—and Wall Street is broadly bullish on the stock.
According to data as of late Tuesday, nearly all of the analysts covering Nvidia (NVDA) and tracked by Visible Alpha — 21 of 23 — have buy or equivalent ratings on the shares.
The Street’s mean consensus price target is $145.69, indicating a 14% premium to Tuesday's close above $128. The targets used in that consensus range from $100 to $180.
Investors will be watching for a dramatic move in the company's shares when the numbers arrive. Here’s what you need to know about Nvidia’s upcoming earnings report.
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Asue Ighodalo's Political Setup Exposed: Dr. Tony Obahieme Speaks Out
~3.6 mins read
Dr. Tony Obahieme's Candid Assessment of Obaseki’s Governance and the Future of Edo State: A Call for Change
As Edo State inches closer to a pivotal moment in its political history, the conversation around governance, leadership, and the future direction of the state is heating up. At the center of this discourse is Dr. Tony Obahieme, a respected voice in Benin City, whose recent remarks have sparked widespread discussion and reflection among Edo citizens.
The Obaseki Administration: A Disconnect with the People
Dr. Tony Obahieme has been outspoken about the shortcomings of Governor Godwin Obaseki's administration, which he describes as increasingly detached from the needs and aspirations of the people. Despite being in office for nearly eight years, Dr. Obahieme argues that Obaseki's government has failed to establish a meaningful connection with the citizens of Edo State. Instead of delivering on promises, Obaseki is accused of offering "big expired grammar" that has left many Edo residents feeling frustrated and abandoned.
A key issue highlighted by Dr. Obahieme is the financial state of Edo, which he points out has become the third most indebted state in Nigeria. This financial burden, he asserts, has only deepened the economic challenges faced by ordinary citizens, with clear indicators of mismanagement visible for all to see. The economic distress is compounded by what Dr. Obahieme views as a lack of genuine engagement with the populace—a governance style that has left many feeling disillusioned.
Asue Ighodalo: A Political Setup?
Adding fuel to the fire, Dr. Obahieme has raised concerns about Asue Ighodalo, who he believes is being positioned as a political tool to further Obaseki's agenda. According to Dr. Obahieme, Ighodalo is not the leader that Edo needs but rather a continuation of policies that have failed the state. He describes the attempt to foist Ighodalo on the people of Edo as an affront to their intelligence and a clear sign that the current leadership is out of touch with the desires of the electorate.
Dr. Obahieme also criticizes Governor Obaseki's treatment of Edo's royal heritage, particularly his perceived disrespect towards His Imperial Majesty, Oba Ewuare II. This, combined with the governor's strained relationships with key figures, including his own Deputy Governor Phillip Shaibu, further illustrates the contentious nature of his leadership.
Monday Okpebholo: The People's Candidate
In stark contrast to the current administration, Dr. Obahieme has positioned Monday Okpebholo as the true representative of the people. Describing him as "the man of the street," Dr. Obahieme highlights Okpebholo's deep connection with Edo citizens, his understanding of their daily struggles, and his commitment to improving their lives. Okpebholo, he asserts, has been tested and trusted by the people and is seen as the leader who can restore hope and bring about the much-needed change in Edo State.
Dr. Obahieme's endorsement of Okpebholo is a powerful statement that challenges the status quo and calls for a leadership that truly reflects the will of the people. It is a message that resonates deeply with a populace eager for change and wary of political machinations that seek to undermine their autonomy.
A Message to Obaseki: Edo Will Not Be Fooled Twice
As the 2024 elections draw nearer, Dr. Obahieme's words serve as a rallying cry for the people of Edo State. He makes it clear that Edo is not Lagos, emphasizing that the citizens are wise and discerning. They will not allow themselves to be deceived or manipulated by a governor who, in their view, has shown little regard for their well-being and the state's cherished traditions.
Dr. Obahieme's critique is more than just a condemnation of Obaseki's governance; it is a call to action for all Edo citizens. He urges them to stand firm, demand accountability, and reject any attempts to impose leadership that does not serve their best interests.
The Road Ahead: A Crucial Decision for Edo
As Edo State approaches this critical juncture, the choices made by its citizens will shape the future of the state for years to come. Dr. Obahieme's assessment underscores the importance of this moment, highlighting the need for leadership that is not only competent but also genuinely connected to the people it serves.
The upcoming elections represent an opportunity for the people of Edo to reclaim their state, to ensure that it is governed by those who understand and respect its unique heritage, and to choose leaders who will prioritize their needs above all else. Dr. Obahieme's message is clear: the time for change is now, and the people of Edo must seize this moment to chart a new course for their future.
As the state prepares for the 2024 elections, the voice of Dr. Tony Obahieme will continue to echo across Benin City and beyond, inspiring a movement towards a more accountable, responsive, and people-centered governance. The outcome of this political contest will not only determine the leadership of Edo State but also signal the direction of its future.
South African Billionaire, Johann Rupert, Overtakes Aliko Dangote As Africa’s Richest Person
~1.0 mins read
Johann Rupert, South African billionaire and chairman of Richemont, a luxury goods conglomerate, has overtaken Aliko Dangote, chairman of Dangote Industries Limited, as Africa’s richest person.
According to the latest data from the Bloomberg Billionaires Index, Rupert’s net worth has surged to $14.3 billion, overtaking Dangote, whose fortune has declined to $13.4 billion.
The data shows that Rupert’s wealth has increased by $1.87 billion year-to-date, while Dangote’s fortune has declined by $1.69 billion. Nicky Oppenheimer, another South African billionaire, occupied the third place with $11.3 billion net worth, Nassef Sawiris, an Egyptian businessman, followed with $9.37 billion, and Natie Kirsh, a South African investor, completed the top five with $9.14 billion.
The downturn in Dangote’s net worth is largely attributed to Nigeria’s challenging macroeconomic environment, where his conglomerate primarily operates. Since President Bola Tinubu assumed office in 2023 and partially removed petrol subsidy while easing currency controls to attract foreign investment, the naira has lost its value.
The Dangote Group has faced production delays and other industrial issues at its refinery, compounded by the steep depreciation of the naira.
The decline has significantly impacted Dangote, whose wealth is largely tied to assets denominated in naira.
Despite the challenges faced, the Dangote Group plans to generate roughly $30 billion in revenue by 2025, focusing on expanding its influence in the foreign exchange market.
We Brought Back Old National Anthem To Rebuild Nigeria’s Future — Sen. Godswill Akpabio
~1.2 mins read
Senate President Godswill Akpabio has said the 10th National Assembly agreed with President Bola Tinubu’s executive arm of the government to return to the old national anthem because they want to rebuild Nigeria.
Akpabio said this while speaking at the ongoing 2024 Annual General Conference of the Nigerian Bar Association (NBA) in Lagos State, where he urged Nigerian lawyers and legal practitioners to embrace their profession as agents of positive change in the country.
The Senate President said, “We are diligently working hard to create a robust legal framework that will support the aspirations of all Nigerians. We believe strongly that there is no stain in our country that we cannot erase if we stand together in brotherhood. That is why we went back to that National Anthem, that though tribes and tongues may differ, though professions may differ, in brotherhood we stand.
We went back because we want to rebuild the future of this country; remembering that we may come from different tribes, different backgrounds, different ethnic groups, different tongues, but in brotherhood we stand.”
He said, “I entered politics with a dream of my own, and coincidentally, one that aligns with our shared aspirations, to rebuild my state and to rebuild our nation. “With that dream, I rebuilt Akwa Ibom State. My people can testify, and that was what Nigerians came to know as an uncommon transformation. Together with President Bola Ahmed Tinubu, we can rebuild Nigeria. This is the formula: if our dream should ignite a tiny spark of aspiration amongst those gathered here, it will mark a pivotal moment for Nigeria, and the Renewed Hope programme will definitely be a success.”
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