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President Bola Tinubu has appealed to youths in the country to shelve the planned nationwide protest billed for August 1.
Speaking with State House correspondents on Tuesday, July 23, after a meeting with the president, Mohammed Idris, minister of information and national orientation, said Tinubu is working hard to address the grievances of the young people.
According to the minister, “We also discussed the issue of the country generally, and Mr. President has asked me to again inform Nigerians that he listens to them, especially the young people that are trying to protest.
Mr. President listens to them; he takes what they say seriously, and he is working assiduously to ensure that this country is good not just for today but also for the future.
The issue of the planned protest—Mr. President does not see any need for that; he asked them to shelve that plan, and he has asked them to await the government’s response to all their pleas; he has listened to them like I said.“
Nigerian journalist cum politician, Dele Momodu, has responded to Reno Omokri over the recent interview he granted on TVC.
Reno in his interview stated that he wonders how a Yoruba graduate who runs an ‘Owambe magazine’ can be an expert on the Nigerian economy.
Momodu is a graduate of Yoruba Language and runs a society magazine called Ovation.
Responding to Reno’s statement, Momodu said that he understand what it feels to be on exile.
He stated that he nearly fell into depression while urging Omokri that he was going to be alright.
Vice President Kashim Shettima says the Federal Government has generated over 300,000 businesses through various Small and Medium Enterprises (SMEs) interventions.
This, he said will create over one million job opportunities, primarily for youth and women, within a year, according to Nigerian Tribune.
Speaking during a one-day working visit to Jigawa State on Tuesday, July 23, the vice president said: “President Bola Ahmed Tinubu has initiated multiple interventions for SMEs, which have generated over 300,000 businesses and will provide over one million jobs within a year.”
He emphasised that the Renewal Hope Agenda of President Tinubu is designed to tackle poverty and create job opportunities by encouraging and supporting medium and small-scale businesses, which constitute over 65 per cent of investment and employ 83 per cent of labour in Nigeria.
He further stated that the current administration is working tirelessly to formulate and implement policies and programmes that will improve the social and economic lives of Nigerians.
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Philip Morris International (PM) shares rose Tuesday to their highest level in more than two years after the tobacco giant posted better-than-expected results and raised its full-year outlook on growing demand for its smokeless products.
The maker of Marlboro cigarettes and the IQOS tobacco heating system reported second-quarter adjusted earnings per share (EPS) of $1.59, with revenue advancing 9.6% from a year ago to $9.47 billion. Both exceeded analyst estimates.
The company’s sales of smoke-free products jumped 23.5% to 243.8 million cans. Nicotine pouch sales soared 50.6% to 149.9 million cans, boosted by its Zyn brand, which had a 50.3% gain in cans delivered.
Heated tobacco items had a 13.1% gain in shipment volume, and cigarette shipment volume was 0.4% higher.
CEO Jacek Olczak said “the excellent momentum of our smoke-free business continued.”
Philip Morris lifted its outlook for full-year adjusted EPS growth, excluding currency impacts, to 11% to 13%, up from the earlier 9% to 11%. It anticipates shipment volume of nicotine pouches in the U.S. to be 560 million to 580 million cans, compared with the previous forecast of about 560 million cans for 2024.
Philip Morris shares closed 2.2.% higher Tuesday at $109.56 and have added about 16.5% since the start of the year.
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Microsoft (MSFT) is set to report fiscal fourth-quarter earnings after the closing bell on July 30, with investors likely to be watching for cloud segment growth and updates on the company's artificial intelligence (AI) initiatives.
The tech giant is projected to report revenue of $64.38 billion, according to estimates compiled by Visible Alpha, representing a 14.6% rise over the year-ago period. Net income is expected to come in at $21.88 billion, or $2.93 per share, a 9.3% increase from the final quarter of fiscal 2023.
Investors will likely be watching for sustained revenue growth in Microsoft's cloud platform, Azure, which fueled the tech giant's earnings beats in previous quarters.
Azure has benefited from the AI boom as customers train and run AI workloads using the cloud platform. The cloud business has helped support Microsoft's increased capital spending as big tech invests in AI.
Goldman Sachs analysts expect cloud revenue of $37.2 billion, representing growth from both the quarter prior and the year-ago period.
The analysts said that they "think share gains in Azure and leadership in [generative artificial intelligence] could continue to set Microsoft on a separate trajectory as long as we are in the ‘Infrastructure’ build phase of the Gen-AI cycle."
Microsoft's earnings report and call will likely be focused on the company's position in the evolving AI marketplace. The tech giant has established itself as an early AI leader through its ongoing partnership with OpenAI.
The company could provide updates about its Windows PCs designed for AI workloads and how the new devices are expected to affect Microsoft's computing business.
Microsoft shares were up 0.3% at just above $444 on Tuesday afternoon, contributing to the stock's roughly 18% year-to-date gain.
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