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Instablog9ja
28 m
12
A lady is in shock after a Keke Napep rider who’s likely a ‘billionaire in disguise’ asked her to marry him and promised to make her comfortable in life.
He added that he came from a family of four boys and none of them has a child before the de@th of his mother. He added that two of them are married but they married none Nigerians.
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Investopedia
28 m
12
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TWFG Insurance (TWFG) shares jumped some 30% from their IPO price in the company's first day trading on the Nasdaq Global Select Market.
The company priced its IPO at $17 per share, higher than the $14 to $16 it previously expected, with shares closing at $22.10 on Thursday. They opened early Thursday afternoon at $22.
Texas-based TWFG, also known as the Woodlands Financial Group, is an insurance broker. It expected proceeds of nearly $170 million from its IPO.
The company's IPO comes after the IPO market in the U.S. heated up in the first half of 2024.
Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.comRead more on Investopedia
Instablog9ja
1 h
14
A fire broke out on Thursday evening at the former Crown Paints warehouse in Coolock, Dublin, which is being prepared to house international protection applicants.
A number of videos were posted on social media showing flames coming from the building with protesters outside cheering. The fire brigade said the fire has been contained within the lobby area. The site has been the scene of v+olence and unrest over plans to house international protection applicants in the former warehouse.
This is coming after some protesters were arrested following a series of disturbances at the former Crown Paints factory on Malahide Road, which has been earmarked for accommodating asylum seekers. Some Irish citizens have also taken to social media using the #IrelandBelongsToTheIrish #IrelandIsFull to appeal to the government to reconsider their migration policies and stance on accommodating asylum seekers.
Healthwatch
2 hrs
18
Sustainable living treads lightly on natural resources and follows a rethink, reuse, repurpose mantra to minimize waste.
Big and small wallet-friendly tips can help you save money and befriend our planet this summer, says Dr. Wynne Armand, a primary care physician at Harvard-affiliated Massachusetts General Hospital, and associate director of the Mass General Center for the Environment and Health. Here are five great tips to get you started.
1. Embrace the 5 Rs
Refuse, reduce, reuse, repurpose, and only then recycle is a well-laid out sustainability strategy promoted online by the Cincinnati Recycling and Reuse Hub. Do you really want or need a shiny new object? Where can you share tasks or tools? What could you swap, give away, or buy used? How could you slim down your recycling stream?
Give yourself permission to start here: Nobody is perfect. We all have preferences and sustainability blind spots, fumbles, and "sorry, just no" feelings. Start where you are and add on when you can.
2. Cut down on cooling energy
Summer heat can endanger your health, and paring back on energy use isn't always possible or wise. Still, it may be possible to:
3. Save resources
A sharp eye for energy savings may help pare down bills, too.
4. Stay heat-aware and hydrated
Saving resources is a worthy goal, but not at the expense of staying safe and healthy when summer temperatures spike.
5. Kickstart sharing circles
Sharing circles can help you expand a wardrobe, tool shed, or taste in foods — all while building community.
Source: Harvard Health Publishing
Instablog9ja
3 hrs
10
A Businessman has said it seems the rest of us are stuck in Nigeria .
He made this assertion as he bewailed the reality of spending N30m-N50m to relocate abroad and start from scratch at 30.
Instablog9ja
4 hrs
15
Reno Omokri has told Dele Momodu why Nigeria’s economy isn’t collapsing but projecting growth.
He said, I read your open letter to President Bola Tinubu, in which you said, “Our economy has virtually collapsed”, among other things
Respectfully, the facts do not support your assertions, and in your open letter, you did not provide any facts. Only opinions. So, please let me present some facts that contradict your opinions.
Firstly, only yesterday, the International Monetary Fund projected that due to the reforms being undertaken by the current administration, Nigeria will have a 3.1% GDP growth rate in 2024.This is one of the best projections for an African country in 2024, and does not signal an economy that has ‘virtually collapsed.’
Secondly, Nigeria had a record high of N6.52 trillion trade surplus in the first quarter of 2024. This has never happened before. We routinely had trade deficits in the past. This means that because of the monetary reforms by the current government, Nigeria is now exporting significantly more than it is importing, and the growth is largely in the non-oil sector.
For example, Nigeria is now a net exporter of clement to Europe and a growing exporter of refined petroleum products to Europe and West African states. Ghana, a fellow petroleum exporting country, is largely dependent on LPG from Nigeria. This projects growth, not collapse.
Thirdly, in terms of revenue, all Nigerian states, bar none, have received significantly higher federal allocations since May 29, 2023, than they were receiving under the Buhari regime. Each state now gets at least 45% more federal allocation, with Nasarawa getting almost 100% more and Anambra getting 70% more, whereas their wage bill has not increased. The above projects economic strength rather than collapse.
Fourthly, according to Financial Derivatives (FDC), with a Return on Investment of 22.90%, Nigeria’s Stock Exchange is now the most profitable capital market on Earth, bar none. Please note that. Bar none. The National Bureau of Statistics has also corroborated this. For the first time in our history, the all-share index (ASI) of the Nigerian Stock Exchange crossed the 100,000 mark in 2024.
I would not categorise such growth as collapse, and I am sure investors who smiled to the bank would not either.
Fifthly, capital inflow into Nigeria increased by 66.27% this year. This is probably why Fitch and S&P Global Ratings upgraded Nigeria’s economy to a Stable B, and why foreign inflows into the capital market jumped fivefold in the first quarter of 2024 to N93.37 billion from 18.12 billion in the same period last year.
Sixthly, despite clearing the backlog of foreign exchange debts owed to foreign airlines and other foreign investors by the Central Bank of Nigeria, Nigeria’s foreign reserve hit a year-to-date high of an estimated $34 billion this year. How can a nation with such a healthy reserve be said to be on the verge of economic collapse?
Finally, the Student Loan promised is now a reality and is being disbursed. That means Nigeria is about to witness a dramatic increase in its human resources, as more youths will have access to education.
Therefore, bearing the above in mind, is it not possible, egbon Dele, that you may have focused too much on assumption and too little on facts to come to your conclusion that Nigeria’s economy is collapsing?
