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Man Arrested For K+lling His Brother Over N270k Unpaid Debt In Kano
~1.3 mins read

 

A 35-year-old man who att@cked and k+lled his brother over N270,000 unpaid debt has been arrested by the police in Kano State after nearly six years on the run.

Magaji Yellow, who hails from Kunya village in Minibar LGA of Kano state had conspired with two others to k+ll his brother on August 10, 2018, to cover up the debt of N270,000 he owed him.

The Kano Police Command image-maker, SP Abdullahi Haruna Kiyawa in a statement said: “On 10 August, 2018, a report was received from a resident of Kunya Village in Minjibir Local Government Area of Kano state that one Magaji Yellow (38) of the same address and some others, att@cked his brother Gausu Umar Sadam (35) with d@ngerous we@pons and c¥t his leg vein including other parts of his body and ran away.

On receipt of the report, the victim was rushed to the hospital, where he was certified d£ad by a medical doctor.

On preliminary investigation, two of the culprits were arrested namely: Rabiu Sarki Lots and Nasiru Adamu Namade, all of the same address, and were charged to court for offences of criminal conspiracy and culpable homicide.

After review of cases under investigation by the State Commissioner of Police, CP Salman Dogo Garba, he raised a combined team of detectives and directed that the principal suspect be trailed and arrested.

On 15 July, 2024, sustained follow-up coupled with intelligence-led technical operations led to the arrest of the principal suspect, Magaji Yallo, after five years, eleven months and four days, that is 2160 days after the incident.

On discreet Investigation, the suspect confessed that they lured the victim to Wailari Quarters in Minjibir Local Government Area, Kano State under the pretext that he was going to pay him his money, the sum of N270,000 he owed him, and thereafter k+lled him.”

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Instablog9ja
Nationwide Protest: No Need To Protest, Nigeria Is Not The Only Country Facing Hardship — Minister Of Youth Development
~0.4 mins read

Minister of Youth Development, Dr Jamila Ibrahim, has appealed to youths to shun the proposed nationwide protest against hardship in the country.

Speaking in Abuja, Ibrahim said that the country needed peace and stability to achieve its mandate, adding that the current hardship is not peculiar to Nigeria.

Ibrahim advised the young people not to engage in any activity that would not be law-abiding.

According to her, “Government is already addressing these issues. The economic hardships that we are facing today is not limited to Nigeria.

Since COVID-19 struck, the global economy has not quite recovered.”

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Instablog9ja
I’ll Not Get Married Until I Get An Approval From God — 50-yr-old Ghanaian Gospel Singer, Diana Asamoah
~0.5 mins read

50-year-old Ghanaian gospel singer, Diana Asamoah has vowed to stay single until she receives an approval from God.

Speaking during a cooking show by Empress Gifty, the evangelist who has never been married and has no child, revealed that despite being approached for marriage by several men, including pastors, she remains resolute in her decision to await heavenly approval before tying the knot.

“I have met a lot of men, including men of God. While some of them came with genuine intentions, others were fake. Until I get an approval from God, I will never marry any of them.

I will get married and have children at God’s appointed time,” she said.

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Investopedia
What You Need To Know Ahead Of McDonald's Earnings
~1.9 mins read

McDonald's reports earnings before markets open Monday amid reports that the fast food giant is planning to extend the $5 value meal promotion it launched last month into August.

Analysts expect McDonald's revenue to rise slightly to $6.63 billion from $6.5 billion in the second quarter of 2023, according to estimates compiled by Visible Alpha, while net income is projected to fall to $2.24 billion from $2.31 billion last year.

UBS analysts, who maintained a "buy" rating while lowering their price target for McDonald's to $305 from $335, said that second-quarter earnings could be pressured by inflation. However, the analysts said McDonald's performance could improve in the second half of the year as the chain's emphasis on value brings customers back into stores.

Comparable-store sales have slowed in recent quarters for McDonald's from double-digit increases last year. Executives have noted the impact inflation has had on many customers. In the second quarter of 2023, McDonald's reported 11.7% comparable sales growth globally, and just over 10% in the U.S.

Baird analysts said that they are "gaining confidence" that the company's emphasis on value in its newest advertising efforts could improve the chain's perception of value among consumers, bringing them back into McDonald's locations.

"History would suggest McDonald's can gain significant share when emphasizing value-oriented price points with its sizable advertising budget," the analysts said.

After spending much of the first half of 2024 acknowledging the impact inflation was having on sales as customers pulled back on discretionary spending, McDonald's and several other restaurants have rolled out lower-cost value meals with the hopes of winning back price-conscious customers,

Early indications appear to be positive, as and reported earlier this week that nearly all McDonald's locations have agreed to extend the promotion beyond the initial schedule of four weeks from its late-June start.

The promotion appears likely to extend into August as company leadership is reportedly enthusiastic about the rate at which customers are returning to McDonald's locations. Investors could be looking for confirmation on the promotion's future on Monday.

McDonald's shares have fallen about 15% since the start of the year, at $251.46 as of Thursday's close.

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Investopedia
How OpenAI’s New ‘SearchGPT’ Could Compete With Google
~0.9 mins read

Microsoft-backed (MSFT) OpenAI unveiled a new artificial intelligence (AI) search engine called SearchGPT on Thursday that could rival Alphabet's (GOOGL) Google Search.

The ChatGPT maker said it's testing a temporary prototype of the tool with a small group of users to start.

"We’re testing SearchGPT, a prototype of new search features designed to combine the strength of our AI models with information from the web to give you fast and timely answers with clear and relevant sources," OpenAI said in a release.

The company highlighted that SearchGPT is designed to provide clear sourcing of the information it gives, which could help ease concerns about the accuracy of results and driving traffic away from original content.

The long-awaited OpenAI search tool could also potentially draw users away from Google Search, negatively affecting Alphabet.

Shares of Alphabet were 1.4% lower at $170.20 in intraday trading Thursday following the news.

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Investopedia
Cryptocurrency Price Movements Today: Bitcoin Dips Below $64K, Ether Drags On ETF Outflows
~1.5 mins read

Bitcoin (BTC) dipped below $64,000 early Thursday before recovering to trade slightly above $65,000. Ether (ETH) prices fell more than 7% as investors continued to pull money of of Grayscale's Ethereum Trust (ETHE).

After a strong Day 1 with $106.6 million of net inflows overall, spot ether ETFs on Wednesday experienced their first day of net outflows thanks to the $326.9 million that left the preexisting Grayscale product. This brings cumulative two-day outflows for Grayscale's ETHE to $811 million.

These outflows from the Grayscale fund are expected to continue over the near term, as investors switch to cheaper ETF offerings or simply leave the market.

In total, outflows for spot ether ETFs were $133.3 million on Wednesday, according to Farside Investors. The Fidelity Ethereum Fund (FETH) had the strongest day among the spot ether ETFs, with $74.5 million of inflows.

On the bitcoin side of the spot crypto ETF market, there were $44.5 million in inflows Wednesday, according to Farside Investors.

Crypto asset manager Hashdex took another step toward the eventual launch of its proposed Hashdex Nasdaq Crypto Index US ETF with the filing of its S-1 registration form with the U.S. Securities and Exchange Commission (SEC). The proposed ETF would start with combined holdings of spot bitcoin and ether, in addition to potentially adding other crypto assets as they gain regulatory approval over time.

Shares of bitcoin miner Marathon Digital Holdings (MARA) rose Thursday after it announced a $100 million bitcoin purchase. The company not only added to the stash of bitcoin on its books, it also committed to revert to its previous policy of "full HODL," a crypto term for "hold on for dear life," with all the bitcoin it mines going forward.

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