Select a category
Instablog9ja
37 s
14
A wanted ex-beauty queen identified as Ms. Aderinoye Queen Christmas also known as Ms. Queen Oluwadamilola Aderinoye has surrendered to the Lagos Command of the Agency after about eight months in hiding.
This was revealed in a signed statement by the agency’s Director, Media & Advocacy, Femi Babafemi on Sunday, September 1, 2024.
Aderinoye was declared wanted by the Agency in January 2024, after she escaped from her Lekki, Lagos residence when NDLEA operatives raided her apartment at Oral estate, Lekki on Wednesday 24th January following credible intelligence she deals in ill#cit substances.
The suspect was Miss Commonwealth Nigeria Culture 2015/2016 and founder of Queen Christmas Foundation. Recovered from her home during the search witnessed by the estate officials include 606 grams of Canadian Lo¥d, a synthetic strain of cannabis, an electronic weighing scale, large quantities of drugs packing plastics, a black RAV 4 SUV marked Lagos KSF 872 GQ, and her picture frame among others.
The suspect who claimed she has been hiding in Akure Ondo state since January when she escaped arrest in Lekki Lagos however surrendered to the Agency on Wednesday 28th August, 2024.
Instablog9ja
2 hrs
10
Media personality Enioluwa has reacted as his bestie, Priscilla Ojo, celebrattes her man on his birthday.
He said he has never seen her in love, like how she always talk about this man. Even when she said she was going to pick him up at the airport and the next thing he saw her dancing on Instagram dancing at The airport. He pray their love blossoms and continues to flourish. Happy birthday to your babe.
Instablog9ja
4 hrs
12
TG Omori has told Portable and others sh@ding Nigerian celebrities for not donating money to him that the Industry and friends have been solidly behind him months before it all came public.
He said all he needed was your prayers, moral support and love and this he is grateful to have gotten in abundance.
The industry and friends have been solidly behind me months before it all came public. Please ignore the clout d£sperate d@gs.
Click to watch
Investopedia
6 hrs
9
:max_bytes(150000):strip_icc()/GettyImages-1480647977-9bdd09e600a449f0817a40c7642683d2.jpg)
After the Supreme Court's most recent decision, not much has changed for Saving for a Valuable Education (SAVE) plan borrowers.
On Wednesday, the Supreme Court denied the Department of Education's appeal to lift the block on their income-driven repayment plan. The block will remain in place until a case about the program's legality is decided.
The Supreme Court's decision doesn't help borrowers who have been in limbo since the program was first challenged in July—they are still in forbearance and will not be required to make payments until the cases are resolved.
"We are disappointed in this decision, particularly because lifting the injunction would have allowed for lower payments and other benefits for borrowers across the country," said a spokesperson from the Department of Education Friday. "The Department will work to minimize further harm and disruption to borrowers as we await a final decision."
Student loan borrower advocates called the tumultuous court case unfair.
"This is ludicrous. Millions of people were repaying their student loans. Now they are in limbo," said Mike Pierce, executive director of the Student Borrower Protection Center, in a statement.
The SAVE plan was rolled out in July 2023 and was designed to replace the REPAYE plan.
Like its predecessor, SAVE is an income-driven repayment plan in which borrowers would pay 10% of their discretionary income each month and receive forgiveness for any remaining loan balance after 20 years (25 years for graduate school loans).
Where the plans differ is that discretionary income was calculated differently, creating lower payments for borrowers. Under SAVE, borrowers' loan balances would also not increase because of interest.
However, the plan has been contested in lawsuits since early July.
Because discretionary income was calculated differently, nearly 4.5 million borrowers were making progress toward forgiveness without paying anything each month.
In mid-July, the Eight Circuit Appeals Court ruled in favor of a coalition of Republican-led states that sued the government to stop the plan. The lawsuit argued the Department of Education was not legally authorized to implement that plan without congressional approval because that forgiveness would come at such a high cost to the federal government.
Much of the fighting in court thus far has focused on whether or not the plan can continue while the two sides argue the case. Because the back-and-forth was creating chaos for borrowers, the Department of Education put all borrowers enrolled in the plan into forbearance.
Earlier this month, the Biden Administration filed an emergency appeal to the Supreme Court requesting the judges to lift the temporary ban on the plan while the case was being decided. The court did not approve the appeal and the case will move forward in the appeals court while the block is maintained.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
Lululemon Has A 'Newness' Problem It Says It Will Fix
Shoppers Visited Lululemon's (LULU)...
Investopedia
8 hrs
9
:max_bytes(150000):strip_icc()/GettyImages-2168086494-404f853921914bfeb78db7a9b4d1e3d5.jpg)
Shoppers visited Lululemon's (LULU) stores and website in the second quarter. When they got there, though, they didn’t see enough new stuff to buy.
That’s according to executives at the apparel company, which on Thursday reported second-quarter financial results that included a 3% drop in U.S. comparable-store sales and 1% growth in U.S. revenue.
Executives call the phenomenon “newness,” and it particularly affected women who hoped for more seasonal updates to “color, print, patterns and silhouettes” in some product categories, CEO Calvin McDonald said on a conference call with analysts, a transcript of which was provided by AlphaSense.
“It's become clear to us that this reduced newness, which is below our historical level, and stems from earlier product decisions, has impacted conversion rates, given the fewer new options available to our female guests,” McDonald said. “The newness that we had performed well. We simply did not have enough to inspire her to purchase.”
McDonald said the company is working to refresh its lineup “as quickly as possible,” citing as examples leggings, shorts and tracksuits. The missed opportunity, he said, came as shoppers continued to visit Lululemon channels but didn’t find what they wanted. “They were there with intent to spend,” he said.
“We are optimistic that we will begin to see the benefits of these strategies over the upcoming quarters and return to our historical levels of newness no later than spring 2025,” he said.
Shares of Lululemon were down about 1% in early afternoon trading after rising as much as 4% in the opening minutes of Friday's session.
The stock has had a rough year, losing nearly half its value.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
Instablog9ja
11 hrs
9
Influencer Daniel Regha has reacted to Chidimma Adetshina’s Miss Universe Nigeria 2024 victory.
He said honestly speaking, it just feels too predictable and so wrong that Chidimma who became a contestant last minute is being crowned the winner of Miss Universe Nigeria 2024. Other contestants didn’t really stand a chance the moment she entered the competition and that’s the truth.
Click to watch
