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Instablog9ja
24 m
13
A lawyer has said you don’t need an NYSC certificate to become a minister in Nigeria, in reaction to a recent interview with the Minister of Creative Economy, Hannatu Musawa.
He added that all you need is to be qualified to contest an election into the House of Representatives and to do this, you need just secondary school certificate.
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Investopedia
25 m
10
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Helen of Troy (HELE) shares soared Wednesday after the maker of consumer products posted better-than-anticipated results on demand for its insulated beverageware.
The OXO parent reported fiscal 2025 second-quarter adjusted earnings per share (EPS) of $1.21, with revenue falling 3.5% year-over-year to $474.2 million. Both exceeded consensus forecasts of analysts polled by Visible Alpha.
Home & Outdoor unit revenue rose 0.8% to $241.9 million on higher sales of insulated beverageware and expanded retailer distribution, especially in the international market. Sales at its Beauty & Wellness division dropped 7.7% to $232.3 million, "due to lower sales of hair appliances, air purifiers, and humidifiers."
Chief Executive Officer (CEO) Noel Geoffroy said that "despite persistent macro headwinds, we achieved early results on our efforts to 'Reset and Revitalize' our business, driven by improved brand fundamentals, optimized marketing and innovation, and expanded distribution."
Shares of Helen of Troy hit their lowest level in a decade in August, a month after it missed sales and profit estimates for the first quarter, and slashed its guidance. Even with today's nearly 20% gains, they're still down nearly 40% year-to-date.
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Instablog9ja
1 h
15
The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets.
TheCable observed that the price of the product increased to N998 per litre in Lagos on Wednesday. NNPC increased the pump price from N855 per litre set in September.
At the NNPC retail outlets located at Ago Palace Way, Okota, and Second Rainbow at Apapa Expressway, the price of PMS was fixed at N998 per litre. In Abuja, at Wuse Zone 4, an NNPC retail station sold the product at N1,003 per litre. Also, private filling stations have started adjusting their prices, with the Mobil filling station at College road, Ogba, adjusting its pump price to that of NNPC. The price development comes weeks after the NNPC commenced petrol lifting at the Dangote Petroleum Refinery’s gantry after an extended period of price negotiations.
On September 15, the NNPC said petrol was bought from Dangote refinery at N898 per litre. The Dangote refinery countered NNPC’s claim, describing it as “both misleading and mischievous”. A day after, the national oil company announced estimated pump prices based on prices set by the Dangote refinery for its petroleum products, saying petrol will sell for N950 in Lagos and N999 in Abuja.
Investopedia
1 h
14
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Shares of Nvidia (NVDA) are nearing their all-time highs Wednesday morning on positive news about the chipmaker's artificial intelligence (AI) products.
Nvidia shares, which have ended higher the past five sessions, recently edged up to $133.30. Their all-time closing high is $135.58, achieved on June 18, and record intraday high is $140.76, recorded the following session two days later, after markets were closed for Juneteenth.
On Tuesday, contract electronics manufacturing giant Foxconn reported strong demand for its servers powered by Nvidia's GB200 semiconductors, part of the latter's Blackwell architecture. Microsoft announced it was "the 1st cloud" running the Blackwell system with GB200-powered AI servers. OpenAI also thanked Nvidia for delivering "one of the first engineering builds of the DGX B200 to our office."
Also yesterday, Nvidia noted that the Blackwell platform has slashed energy consumption by up to 2,000 times over the last decade for AI training models such as OpenAI's GPT-4.
Bob Pette, vice president and general manager of Nvidia's enterprise platforms, told participants at the company's AI Summit that "We are in the dawn of a new industrial revolution," adding that the firm is "designing our systems with not just performance in mind, but with energy efficiency in mind."
Nvidia shares have soared about 170% this year.
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Instablog9ja
2 hrs
10
Businesswoman Uju Stella has responded to Burna Boy
She said, she invested three years of her life in their relationship, and it’s disheartening that he reduced it to a mere transaction. After eight years, it’s sad to see that nothing has changed, after all his Grammy and accomplishments.
Click to watch
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Investopedia
2 hrs
14
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September sales rose at Taiwan Semiconductor Manufacturing Co. (TSM), with the chipmaker on Wednesday reporting numbers that pointed toward better-than-expected third-quarter revenue.
The company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), reported September sales of 251.87 billion New Taiwan dollars ($7.82 billion), up just under 40% from the same time last year.
Added to its results for August and July, TSMC reported NT$759.69 billion ($23.58 billion) in revenue for the third quarter, above the NT$749.88 billion analysts tracked by Visible Alpha had expected and roughly 36% above sales for the third quarter of 2023. The results surpassed TSMC's own outlook, as the company said in its second-quarter earnings report that it expected third-quarter revenue between $22.4 billion and $23.2 billion.
The company's US-traded shares were recently down more than 1% as broader markets wavered. The stock has risen steadily from August lows and is near record levels, up roughly 75% this year. The PHLX index of semiconductor shares edged lower Thursday.
TSMC is set to report the rest of its third-quarter financial results on the morning of Oct. 17. The company surpassed estimates in the first two quarters of 2024, as demand for its chips to power AI technology have remained in high demand.
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