Select a category

An influencer has revealed another form of affection that might not be acceptable to Nigerians.

He said, it’s another form of affection deciding to get another woman pregnant instead of your woman, cos you don’t want her to experience the pain of childbirth.

Continue reading on Instablog

Palo Alto Networks (PANW) is set to report results for its fiscal fourth quarter after markets close on August 19, close with investors likely watching for a strong 2025 outlook and updates on its "platformization" strategy.

Analysts project revenue to grow to $2.16 billion from $1.95 billion a year ago, according to estimates compiled by Visible Alpha. Net income is expected to come in at $232.9 million, or 66 cents per share, a slight increase from the year-ago period but also a sequential drop.

Spending fatigue among Palo Alto Networks' customers has been a major theme of the company's results in recent quarters, signaling headwinds in the cybersecurity industry. Palo Alto Networks' guidance has been used as an indicator for the sector.

The company is expected to provide guidance for the full fiscal 2025 with analysts expecting revenue of $9.09 billion. Last year, Palo Alto offered outlooks for billings, revenue, net income per share and free cash flow margins.

Palo Alto Networks has been leaning into its platformization efforts, where it consolidates its cybersecurity services on its platform and bundles offers, a bid to become a one-stop shop and offset spending fatigue.

While Palo Alto Networks has indicated that platformization has been positively received by customers, the recent global outage caused by a faulty CrowdStrike (CRWD) update could raise questions about the outlook for the market.

The company could also comment on whether the incident might lead to customers leaving CrowdStrike in search of alternative cybersecurity providers. Analysts have said Palo Alto Networks could gain customers.

Palo Alto shares were little changed Monday. The stock is up more than 12% in 2024, though off highs seen in February.

Read more on Investopedia

A 14-year-old girl has reportedly been r3ped by the son of her landlord in Alakuko area of Lagos.

An X user with the handle Rhwaley, shared videos of the victim and revealed that the incident happened on Monday, August 12, 2024.

Rhwaley added that when the family confronted the landlord about the incident, he dismissed their concerns, saying “Nothing will happen”. The user captioned the video saying, “A 14yrs old girl was r3ped yesterday by her landlord’s son in Alakuko Lagos. The parents and family of the girl are helpless. The landlord said nothing will happen!!

In the trending video, the victim can be seen visibly in p+in as eyewitnesses deliberate on how to rush her to the nearest hospital for medical treatment.

Click to watch

Continue reading on Instablog

President Bola Tinubu has signed the Judicial Office Holders Salaries and Allowances Bill into law.

Senator Basheer Lado, the Special Adviser to the President on Senate Matters, disclosed this in a statement in Abuja on Tuesday.

Recall that in March, Present Tinubu sent a bill titled: ‘A Bill for an Act to prescribe the salaries, allowances and fringe benefits of judicial office holders in Nigeria and for related matters’ seeking to amend the salaries of judicial officers to the House of Representatives for consideration.

It was that in June, the National Assembly approved a bill that grants a 300 per cent salary increase for judicial officers at the federal and state levels. According to Lado, “This extraordinary move underscores Mr President’s absolute prioritization of the welfare of Nigerian workers above all else just like he did when he recently put on hold an ongoing Federal Executive Council meeting to assent to the new National Minimum Wage Bill of N70,000.

The new Act “prescribes salaries, allowances, etc., for Judicial Officers to reflect the changing realities and consequentially amend the provisions of the Certain Political, Public and Judicial Office Holders (Salaries and Allowances, etc.), Act, No.6, 2002 (as amended) to delete the provisions relating to Judicial Office Holders. The prescription of salaries, allowances, and other benefits for Judicial Officers.

The amendment of Certain Political, Public, and Judicial Office Holders (Salaries and Allowances, etc.) Act, No.6, 2002 (as amended) which provides for the deletion of provisions relating to Judicial Office Holders from the aforementioned act.”

Continue reading on Instablog

Economists are wondering if a moderate inflation decline in July will be enough to convince skeptical Federal Reserve officials to begin lowering interest rates.

The Consumer Price Index (CPI), due to be released Wednesday, is expected to show prices increased at annual rate of 3.0%, the same as it was in June, according to economists surveyed by and . For the closely-watched “core” CPI inflation, which strips out volatile food and energy costs, economists expect an annual rate of 3.2%, just a tick down from 3.3% in June.

All told, inflation is still roughly in the same spot it was in June 2023, and stubbornly above the Federal Reserve’s target of 2%. 

“The July CPI report is likely to further the case that inflation is quieting down even if it has not yet returned to the Fed's target,” Wells Fargo economists said.

Federal Reserve officials will be closely looking at the inflation data, and at least one central banker said this weekend she still isn't confident that inflation is moving lower.

“I continue to view inflation as somewhat elevated. And with some upside risks to inflation, I still see the need to pay close attention to the price-stability side of our mandate while watching for risks of a material weakening in the labor market,” Federal Reserve Gov. Michelle Bowman told the Kansas Bankers Association on Saturday.

Bowman’s comments showed that an interest rate cut from the Federal Reserve's Open Market Committee (FOMC), which next meets in mid-September, is still not a sure thing, even amid signs that the labor market is weakening. (The Fed has a dual mandate to promote price stability and maintain maximum employment.)

“So one of the most hawkish FOMC voices sounding not yet convinced on the immediacy of rate cuts,”  Deutsche Bank Research wrote of Bowman’s comments. “The upcoming inflation data will be important for whether the Fed gains confidence to signal more clearly a cut at the September meeting.”

After the Fed opted two weeks ago to leave the influential fed funds rate unchanged at its current 23-year high, Chair Jerome Powell said there was a possibility of a September rate cut, but he reiterated that there would be a need for more data showing that the economy was moving in the right direction.

“It will likely take similar well-behaved inflation data in August (or a higher jobless rate) to assure a majority of voting members on the FOMC that inflation is moving convincingly to the 2.0% target,” wrote Priscilla Thiagamoorthy, senior economist at BMO Capital Markets. 

Read more on Investopedia

Influencer Brian has revealed what she’ll do if she works as a maid in your house and you pay her N30,000 per month as salary in this economy.

She said if she is paid such a money as a maid, she will sl£ep with the man of the house.

Continue reading on Instablog