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Instablog9ja
20 m
15
A 30-year-old man identified as Chinonso Ezekiel Nwaebonyi has been arrested for defiling his neighbor’s 7-year-old daughter.
It is reported that the incident happened in Awka, the capital of Anambra State. The mother of the victim reported the matter to the Ministry of Women’s Affairs after discovering it while bathing her daughter.
The mother (name withheld) said that while bathing her daughter one day, she noticed that her pr+vate area was swollen. When she inquired, her daughter accused Nwaebonyi. She said the defilement had been a regular occurrence and always happened when her daughter and her twin brothers went to play in the paedophile’s compound.
She added that she took her daughter to a pharmacy where she bought her dr¥gs and also complained to the guardian of Nwaebonyi before reporting to the ministry’s officials, who later arrested him.
The suspect, an indigene of Izzi in Ebonyi State, confessed to the crime but claimed he did it only once. He was quoted as saying, “I never f%rced the girl, but only asked her to raise her clothes and lie down on the ground.”
As of the time of filing this report, the suspect had been handed over to the police for prosecution.
Investopedia
20 m
15
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Nvidia (NVDA) reported better-than-expected revenue and earnings for the second quarter of fiscal 2025, though the pace of its growth slowed. Shares fell in extended trading Wednesday following the release.
The chipmaker reported second-quarter revenue of $30 billion, more than doubling from the year-ago period. Net income for the fiscal second quarter was $16.6 billion, also more than double its value the year prior. Both figures exceeded analysts' expectations compiled by Visible Alpha, though growth slowed from previous quarters.
Data center revenue for the fiscal second quarter was $26.3 billion, setting a new record high and more than doubling from the year prior.
"Hopper demand remains strong, and the anticipation for Blackwell is incredible," Nvidia CEO Jensen Huang said, adding that the chipmaker "achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with accelerated computing and generative AI."
After concerns about reported delays in Nvidia’s Blackwell AI chip sent Nvidia's stock price tumbling earlier this month, the chipmaker said Wednesday it began shipping some samples of its Blackwell chip in the second quarter, and expects to "ship several billion dollars in Blackwell revenue" during the fourth quarter as production ramps up.
The chipmaker gave a stronger-than-expected outlook for the third quarter of fiscal 2025, with revenue expected to be around $32.5 billion.
Nvidia's board also approved a new $50 billion share buyback plan. The company said it had $7.5 billion worth of previously authorized repurchases as of the end of the first half.
Despite Nvidia's earnings and revenue beat, the chipmaker's stock was down over 5% at $118.40 in extended trading Wednesday following the company's earnings release.
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Instablog9ja
1 h
12
Businesswoman Sophia Momodu throws shad£ at you-know-who as she shares throwback picture of her trip to Disneyland with her daughter, Imade
She said 1yr ago today she fulfilled a promise that was intentionally broken to a child because not Sophia’s daughter chile.
Instablog9ja
2 hrs
10
A man was d¥mbfounded after discovering that his girlfriend has over 68 million naira in her bank account.
He said he checked her phone and saw her account balance of over 68 million Naira. He said after he saw it no matter what they were doing his mind is always there and he knew the relationship can’t work because the next time checked her account, he saw 12 million Naira.
Investopedia
2 hrs
12
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People who trade actively are increasingly optimistic about the stock market this quarter, with that sentiment rising markedly since late last year.
According to a Schwab quarterly client survey released Wednesday, market confidence is at its highest level in two years. Fifty-nine percent of Schwab clients who trade actively in the financial markets said they feel now is a good time to invest, up from 41% in the fourth quarter of 2023.
This quarter, 60% said they were better off financially than they were a year ago, compared with 33% who reported feeling that way in late 2023. This survey was conducted between July 9-19, 2024.
“Coming into the third quarter, traders reported higher levels of optimism about the markets and economy—and continued confidence in their own decision-making,” James Kostulias, Charles Schwab's head of trading services, said.
As for which stocks the traders were most excited about, artificial intelligence (AI) topped the list. Traders reported having a bullish sentiment over the next three months for AI (62%), domestic stocks (59%), growth stocks (58%), and mega-capitalization tech stocks (57%). The majority of traders (57%) were bullish about equities in general.
Yet the traders were feeling less enthusiastic about alternative investments like cryptocurrency. Only 22% and 21% had a bullish feeling about the new spot bitcoin and spot ether exchange-traded funds (ETFs), respectively.
When looking more broadly at which sectors traders had favorable views of, many were bullish on information technology (61%), energy (57%), and health care (49%). In contrast, fewer traders were enthused about the consumer discretionary (23%) and real estate (21%) sectors.
Although inflation was the top concern for traders last quarter, it fell to third place as more Schwab client traders anticipated relief in the form of rate cuts soon: 33% of respondents expect rate cuts of 50 basis points or more through the end of the year.
Recently, Federal Reserve Chair Jerome Powell indicated that there would be a rate cut at the September Federal Open Market Committee (FOMC) meeting, but it's uncertain how large the cut will be.
In addition to economic worries, the most traders expressed concern about the political climate due to the impending presidential election. While 20% cited the political landscape in Washington, D.C., as their primary concern, 94% thought the November election would have at least some impact on the markets. The second top concern was a market correction.
Some traders are preparing their portfolios ahead of the election—44% said they were reducing risk in their portfolio and 25% are engaging in options hedging.
"A sizable portion are taking steps to manage risk, and even more are leaving the election out of their trading plans—a good indication that they are paying close attention but not being overly reactive," Kostulias said.
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Instablog9ja
3 hrs
11
A 56-year-old indigene of Ilorin in Kwara State identified as Yahaya Nafiu, whose wife gave birth to 11 babies in Benin Republic, has cr+3d out for help.
Nafiu appealed to spirited individuals to assist him with money so that he could care for the babies and their mothers.
Nafiu’s wife, Alake, 54, delivered 11 babies in Port Novo Ajasse, Cotonou, Benin Republic.
Nafiu confirmed that two of the babies d+ed, but the remaining nine are hale and hearty.
However, he lamented that his family is grappling with financial constraints due to the huge amount of money required to care for the babies and their mother.
“One other major challenge that we are now facing before we could bring the children home to Ilorin to show them to my parents is how to raise money for the marriage rites, as well as medical bills and police report”, Nafiu said.
It was gathered that a birth attendant took delivery of the babies on two different occasions.
“A few days after the delivery of the first set of children, the mother said she observed strange movement in her stomach and on getting to the hospital after a scan was carried out, the doctor revealed that she was carrying another set of children, which led them to contact the initial birth attendant where the next set of five babies was delivered”, Nafiu said.
He disclosed that he saw God’s miracle in the way the children were delivered, revealing that their pregnancy lasted over three years before delivery.
In his reaction to the development, the national president of the Ilorin Emirate Descendants Progressive Union (IEDPU), Alh Abdulmumini Abdulmalik, confirmed that the father of the children hails from Onikeke Compound, Popo Giwa area of Ilorin.
He expressed delight that an Ilorin indigene living in Cotonou, Benin Republic, has been blessed with decuplets.
“While welcoming the decuplets and congratulating the parents on this uncommon blessing, we rejoice with the Emir of Ilorin, Alh Ibrahim Sulu-Gambari, during whose reign this glorious history of an Ilorin indigene having decuplets is recorded,” he added.
