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No victory, but a goal met in Lindsey Vonn’s first race in six years
Late bloomers
Through a rights issue, Access Bank Plc, Nigeria's biggest lender by assets, raised N351 billion ($228 million) Its new capital is 20% over the bare minimum required for foreign banks operating in the West African country The bank also stated that both the CBN and the SEC have approved the fresh capital influx with their regulatory licenses PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you! Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market. Access Bank Plc, the largest lender in Nigeria by assets, raised N351 billion ($228 million) in a rights sale to raise its capital over a new regulatory level as it commences its expansion strategy. It stated in an emailed statement on Wednesday, Bloomberg reported that the lender's share capital, at 600 billion naira , is now 20% more than the minimum needed for foreign banks doing business in the West African nation. According to the statement, the Securities Exchange Commission and the Central Bank of Nigeria have both granted their regulatory licenses for the new capital inflow. Read also CBN explains Access Bank, Zenith, UBA, others' health status in 2024 PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! The money raised would assist Access Bank, which is owned by Access Holdings Plc, double its share of assets outside of its home market by 2027 and speed up its entry into new markets like Morocco, Egypt, and the US. Access Bank is to raise $1.5 billion through the rights sale to help comply with regulatory standards after the central bank mandated that big commercial lenders increase their capital by ten times, to 500 billion naira, by March 2026. Following an ambitious expansion into new markets, the lender now operates in 23 nations. After more than doubling in 2023, Access Bank's shares have increased 6.7% this year. In order to support the Nigerian lender's expansion in South Africa , the bank agreed earlier this month to pay roughly 2.8 billion rand ($159 million) to acquire Bidvest Bank Holdings Ltd. Access Holdings releases performance breakdown in 9 months Read also Ecobank sends warning to customers as fraudsters steal money from Nigerian banks Legit.ng reported that Access Holdings Plc, the parent company of Access Bank , has reported a gross revenue of N3.4 trillion in 2024. This represents a 114.5% increase from the N1.6 trillion in nine months of 2023. Access Holdings' unaudited results for the third quarter (Q3) showed strong growth with gains across its banking and non-banking subsidiaries, including Access ARM Pensions, Hydrogen Payments, and Access Insurance Brokers. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ngMatein Khalid I wrote a column on Vornado (VNO) as a buy at 18 in Sep’22 as it was slammed by the pandemic, its debt load and the Fed’s draconian rate hikes. So VNO’s price ascribed a $450 a square foot value to its prime Manhattan office/Fifth Ave retail portfolio even though its occupancy rate was 91% as the pandemic raged. To help my Dubai friends grasp that deep value discount in VNO, I wrote a post titled buying Manhattan at Karama prices at $18. After initially rising to $26 by February 2023, VNO was slammed by the depositor run and Fed bailout in Silicon Valley Bank and First Republic on investor angst on their bond portfolio after Powell raised the Fed funds rate from 0.5%-5.5%. A regional banking crisis could have escalated into systemic contagion, a no-no for Uncle Sam since regional banks owned 70% of all US CRE loans. So a Fed bailout of SVB and First Republic was inevitable while Powell’s tight money pivot led to a plunge in both inflation and interest rates by summer 2024. VNO rose from a cycle low of 14 to almost 44 now. Moral of the story, making big money in real estate means getting both the brick and mortar and interest rate cycle right. My friends who bought VNO at 18 have made an almost 150% profit on their capital in 2 years with near zero transaction cost. Sure beats flipping houses and praying for the greater fool theory to work in your favour in a notoriously illiquid speculative asset class. The REIT Index has underperformed the S&P 500 goosed by Mag-7. However, despite the goldilocks economy, there is valuation froth in the SPX at 23X. While higher transaction volumes, lower inflation and US Treasury bond yields tell me that it is now the time to rotate into real estate on the NYSE. Mr. Market is whispering to me that the pandemic/banking/tight money/remote work/telecommuting blues for CRE is now over and it is time to go deal hunting for discounted brick and mortar property on Wall Street. I love fundamentalists property analysts though not the beirdo-weirdos who operated from caves in Afghanistan. 67 I believe owning the right REITs will be a money making strategy in the coming US real estate cycles, even if my VNO trade idea was a roller coaster in the first half of 2023. I have made no secret about my fascination with industrial and data center REITs, segments that have rewarded patient investors with 10-20X multiples of their capital in the past two decades. In 2024, the first Baby Boomer turned 79 and the biggest/richest generation in American history with 74 million members are now prime candidates for senior housing demand. Yet there is a supply squeeze in this segment due to Uncle Jay’s tight money and Uncle Joe’s long permit/construction lead times. Data center REITs are priced to perfection and Prologis is the only industrial I like at the right price. New York office is still a winner but I will not touch San Fran with a barge pole, go COLD turkey! Also published on Medium .
Mumbai: Indian cinema has always loved its villains. From iconic characters like Gabbar Singh to modern-day antagonists, villains play a big role in making stories unforgettable. Today, these roles are not just about being bad—they are complex, important, and sometimes even overshadow the heroes. Kannada superstar Yash, famous for his KGF films, is set to play Ravan in the upcoming film Ramayan. His fee for the role is a staggering Rs. 200 crore, making him India’s highest-paid villain ever. This amount includes his acting fee and a share of the film’s distribution earnings, as Yash is also co-producing the movie. What makes this achievement even more impressive is that Yash’s pay is more than the film’s lead actor, Ranbir Kapoor. It also surpasses what many top stars like Shah Rukh Khan, Salman Khan, and Prabhas usually earn. Directed by Nitesh Tiwari, Ramayan is one of India’s most ambitious films. With a budget of Rs. 835 crore, it will be released in two parts. The movie stars Ranbir Kapoor as Ram, Sai Pallavi as Sita, and Yash as the mighty Ravan. The first part is expected to release next year. Yash’s Rs. 200 crore paycheck shows how important villains have become in Indian cinema. Once considered supporting characters, they now have roles that are as big, if not bigger, than the heroes. Yash’s portrayal of Ravan is highly anticipated and is set to change how audiences view villains.
Diabetic Peripheral Neuropathy Market size in the 7MM was approximately USD 2,740 million in 2022, estimated DelveInsightNone
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December 26, 2024 marks the 20th anniversary of the 2004 Indian Ocean Tsunami, triggered by the 9.1 magnitude Sumatra-Andaman earthquake that killed 2,28,000 people, including over 10,000 in India and 14 other countries, making it one of the deadliest natural disasters in recent history. The tragedy served as a wake-up call, driving the United Nations Educational, Scientific and Cultural Organization (UNESCO) to unite its Member States, scientists and communities around the world to better protect at-risk populations. Over the past two decades, UNESCO has coordinated global action to enhance tsunami preparedness, develop advanced early warning systems, and fortify coastal community resilience. In a document titled “20 years after the 2004 Tsunami: What progress has been made?” the UN agency highlights these efforts. For instance, a Global Tsunami Warning System (GTWS) has been set up spanning the Pacific, Indian Ocean, Mediterranean, Caribbean, and North-East Atlantic. This system integrates rapid detection technologies, seismic and sea-level monitoring and real-time data sharing to ensure alerts reach coastal communities as swiftly as possible. Through the GTWS, UNESCO aims to provide tsunami confirmation within 10 minutes or less of origin for the most a- risk coastlines by 2031. UNESCO has also invested in ‘cutting-edge’ research, including seabed mapping, deep-ocean and buoy technologies, as well as hazard assessments that enhance our understanding of tsunami risks. UNESCO’s work has emphasised extensive community preparedness through its Tsunami Ready initiative, which already involves 32 countries and aims to certify 100 per cent of at-risk communities by 2030. This program includes public education, hazard mapping, evacuation planning, and annual simulation drills to strengthen awareness and readiness in vulnerable coastal areas. Nearly 70 crore people live in areas vulnerable to ocean hazards — low lying coastal areas and islands — around the world. This number will be 100 crore by 2050. According to UNESCO, there is a near 100 per cent chance of a tsunami hitting the Mediterranean in the next 30 years. The UN agency said that 69 per cent of total tsunami occur in the Pacific Ocean, and nearly 90 per cent of fatalities are caused by local or regional tsunamis that hit within a few hours. Locally damaging tsunamis strike some part of the Pacific every one to two years on average. The 20th anniversary of the 2004 tsunami is an opportunity to call on States to continue efforts in supporting and funding for tsunami preparedness and education. UNESCO remains committed to safeguarding lives by ensuring that every vulnerable coastline is equipped with the knowledge, tools, and systems needed to face future tsunamis, the UN agency said. CommentsJAMESTOWN — The Jamestown Adult Learning Center (ALC) celebrated its GED Graduation Ceremony on Dec. 18 at the James Valley Career and Technology Center. Seven students successfully completed their GED examinations so far this academic year, with three students in attendance for the ceremony: Kat Dobson, Josh Redfearn and Melissa Schlecht Bryan Miller, ABE coordinator for the Jamestown ALC, served as the master of ceremonies for the event. Heidi Eckart, JVCTC assistant director, welcomed the attendees and addressed the graduates. Katie Hemmer delivered the commencement address. The dais was open to all attendees, where one supporter highlighted a graduate's role as an inspiration and expressed enthusiasm about the graduate's future endeavors. ADVERTISEMENT Generous contributions from local businesses helped make the event a success, Miller said. RTS Shearing, Sherbenske’s, and Cavendish Farms provided pizza, drinks and decorations. Walmart donated a graduation cake, while Whisk ‘N Crumb contributed cupcakes. Vocational Rehab provided balloons. The Jamestown ALC encourages individuals interested in earning their GED to reach out to Miller through the Jamestown ALC Facebook Group or by contacting the James Valley Career and Technology Center. The Jamestown ALC also offers English Language Learning (ELL) classes to assist individuals looking to improve their English skills. Businesses or individuals who would like to assist in funding GED test fees may contact Miller for more information. For further details, contact the Jamestown Adult Learning Center.
Election 2024: Donohoe defends McEntee's record amid Dublin safety concerns
Trump selects longtime adviser Keith Kellogg as special envoy for Ukraine and RussiaAP News Summary at 4:22 p.m. EST
