Nigeria Secures $747 Million Loan for Controversial Road Project
The funding, led by Deutsche Bank AG, will finance construction of the first phase of the Lagos-Calabar highway, a 700-kilometer (435-mile) project initiated by President Bola Tinubu, the finance ministry said in a statement on Thursday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Virturo's Senior Investment Specialist Alex Melnyk Integrates AI Tools to Navigate Crypto Market Risk
London, United Kingdom, July 17th, 2025, FinanceWireAlex Melnyk, 42, is a seasoned Senior Investment Specialist at Virturo, based in London's Knightsbridge. With a global finance background and advanced credentials (Chartered Financial Analyst, Chartered Alternative Investment Analyst, and Financial Risk Manager), Alex brings over 15 years of market experience to high-net-worth clients. Alex grew up in Luhansk (Eastern Ukraine) and earned his degree at the Financial University under the Russian Government (2003–2008). In 2009, Alex moved to the US, where he traded for major banks until 2017, then managed his own portfolio through 2020. In 2021, Alex joined Virturo, blending his institutional trading expertise with cutting-edge fintech. He lives in London with his wife Allison and their two young sons, embodying the balance of family values and professional insight. Credentials: CFA, CAIA, FRM certifications demonstrate Alex's rigorous financial knowledge and risk-management expertise. Career Highlights: Over a decade on Wall Street trading desks, followed by entrepreneurial crypto trading before joining Virturo in 2021. Client Focus: Known for clear communication, Alex guides sophisticated investors through digital markets with personalized strategies. Expertise and Virturo's Approach At Virturo, Alex leverages AI-driven tools alongside his own market insights. Alex explains that Virturo's platform combines 'advanced AI-driven analysis and human supervision' to identify trading opportunities and build robust strategies Under his leadership, the firm has expanded real-time data and risk-management capabilities. Alex points out that these AI tools 'provide personalized trading strategies to ensure crypto investments align with long-term financial goals". In practice, this means customized stop-loss/take-profit settings and predictive analytics to protect client portfolios in volatile crypto markets. Alex's professional judgement, backed by quantitative models, helps clients capitalize on crypto's growth while managing downside risk. According to Alex, today's macro trends make crypto an essential part of diversified portfolios. Alex notes that as the 'digital economy expands, assets like Bitcoin and Ethereum are becoming crucial in long-term portfolio strategies". In other words, digital currencies now serve as both diversification and an inflation hedge – often called 'digital gold' – for savvy investors. Current market data support his view: Bitcoin recently surged to a fresh record above $118,000, its all-time high. Analysts forecast even higher levels soon, citing strong institutional inflows and regulatory tailwinds. A 2025 survey found that 89% of high-net-worth crypto investors plan to increase their digital-asset exposure this year, reflecting widespread confidence in this asset class. These developments, Alex says, validate his focus on disciplined crypto exposure for wealth growth. Investment Philosophy and Vision Alex's investment philosophy centers on patience, education and alignment with client goals. He often reminds clients to 'trust the process' – meaning to follow a well-researched strategy even during market swings. 'Trusting the investment process is essential,' Melnyk says. 'By remaining patient and disciplined, investors give their strategies time to succeed.' This perspective comes from years of navigating bull and bear markets. He encourages clients to stay focused on fundamentals (like network security and adoption trends) rather than short-term noise. Another core belief is making capital work proactively. 'Our goal is to make your money work for you,' he adds. 'We align every decision with your financial goals to build lasting wealth.' In practice, Alex customizes each portfolio strategy to reflect individual risk tolerance and horizons. He believes education is key: clients who understand how crypto markets function will invest with confidence. That aligns with broader trends – investors today want advisors who are both risk managers and educators. Alex positions himself as a strategic partner who builds trust through knowledge and transparent communication, exactly what many affluent clients demand. By combining world-class credentials with a client-first approach, Alex Melnyk has earned the admiration and trust of Virturo's clients. His balanced view – optimistic about crypto's upside yet rigorous about risk control – inspires confidence. As one client notes, Alex makes complex markets accessible and 'offers a clear roadmap even in volatile times.' For high-net-worth investors seeking to grow their wealth through digital assets, Alex's guidance at Virturo represents both expertise and reassurance. Under his stewardship, clients feel empowered to seize crypto's potential, knowing their strategies are grounded in experience and supported by cutting-edge technology. About Virturo Virturo, a leading broker in CFD trading and financial technology, is redefining investment strategies with its AI-driven automated trading and advanced risk management solutions. Official Website: LinkedIn: YouTube channel: Facebook: Media TeamVirturo Media TeamVirturosupport@ | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 minutes ago
- Yahoo
The average rate on a 30-year mortgage rises to 6.75% this week, Freddie Mac says, the second straight increase
MCCLEAN, Va. (AP) — The average rate on a 30-year mortgage rises to 6.75% this week, Freddie Mac says, the second straight increase.
Yahoo
42 minutes ago
- Yahoo
Why Is Intuitive Machines Stock Still Going Up?
Key Points Bank of America cut its price target on Intuitive Machines stock yesterday -- and the stock rose anyway. Intuitive is gaining again today, but BofA's warnings yesterday still merit attention. Free cash flow at the space company will be lumpy, and could remain so for years. 10 stocks we like better than Intuitive Machines › Something curious is happening with Intuitive Machines (NASDAQ: LUNR) stock, the tiny lunar exploration company that last year landed a U.S. spacecraft on the moon for the first time in over 50 years. Yesterday, Bank of America analyst Ronald Epstein lowered his price target on Intuitive stock from $16 to $10.50, below where the stock was trading, triggering an "underperform" rating. And yet, Intuitive Machines stock went up, not down, on the news (rising 1.2%). And today, it's going up even more. What BofA says about Intuitive Machines stock Intuitive Machines stock gained a healthy 5.1% through 10:40 a.m. ET. But while investors are surely happy to see Intuitive continue to defy gravity, maybe they shouldn't get used to it. As Epstein explains, in a note covered by The Fly, Intuitive stock has done well this year after surprising investors with a report of positive free cash flow achieved in Q1 -- $13.3 million generated in the quarter. At the same time, however, management warned that cash receipt lumpiness could return in Q2. And I suspect "cash receipt lumpiness" translates as "negative free cash flow." Is Intuitive Machines stock a buy? This shouldn't be a surprise. Analysts have long forecast it would take Intuitive until at least 2027 to reach sustained profitability as calculated according to generally accepted accounting principles (GAAP), and 2028 to begin generating consistently positive FCF. Q2 2025 was almost certainly an aberration, albeit a happy one, and investors will still need patience with this stock. That said, I believe patience will be rewarded. Between the company's series of NASA contracts to land spacecraft on the moon, its Near Space Network communications contract, and now a new business building Earth reentry vehicles for semiconductor and space pharmaceutical customers, Intuitive's future could be out of this world. Should you invest $1,000 in Intuitive Machines right now? Before you buy stock in Intuitive Machines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Intuitive Machines wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,059% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Bank of America is an advertising partner of Motley Fool Money. Rich Smith has positions in Intuitive Machines. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Is Intuitive Machines Stock Still Going Up? was originally published by The Motley Fool
