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Instablog9ja
1 h
12
Media personality, Noble Igwe has berated a fashion designer who charged him a sum of N4.2 million to acquire a suit.
According to him, the only thing that should be worth such a huge outlay should be a plate of pounded yam, while he also condemned the mindset of people who believe it is wrong to question the price tag of luxury items.
Instablog9ja
2 hrs
11
Big Brother Naija reality star, Victoria Iye, aka Vee, has said dating is no longer fun.
She attributed this to people being “strange.”
Taking to her X, Vee wrote, “Dating isn’t fun anymore. There’s just too many strange people.”
Instablog9ja
13 hrs
15
The Osun State Police Command has arrested a 50-year-old herbalist, identified as Kehinde Ganiyu, in connection with the m¥rder of his age-long Ghanaian friend.
The suspect k+lled his friend, Emmanuel Collins, on a sick bed by c¥tting out the throat region to make rit¥al soap for yahoo boys.
It was gathered that the incident occurred last Thursday in Oba-Oke, located in the Olorunda Local Government Area of Osun State.
Parading the suspect on Friday, July 26, at the Osun Police Command, the Police Public Relations Officer, Yemisi Opalola disclosed that he was arrested with four blood-stained knives, one chisel, two gourds, wooden traditional pot containing black soap, two sponges with black soap, traditional tray(Opon Ifa) and local charms.
Speaking in an interview with newsmen, Ganiyu said: “I am a herbalist and farmer. I used to perform rit¥als for individuals involved in internet fraud, but they are the ones who bring human parts.
I went to visit my friend, Emmanuel Collin, because he was ill. While he was in bed, I took a knife and c¥t his throat. I used the body part to make ritual money soap for Yahoo boys.
Following my friend’s passing, there was widespread panic in the Oba-Oke community within Olorunda Local Government Area of Osun State. He was laid to rest, and I attended the burial to offer my condolences and support to the others.”
The suspect added that while he was at the burial site, he felt a strong pang of guilt over the d£ath of his friend, which made him uneasy.
“People began to notice my behaviour and grew suspicious. This raised concerns, leading to a police investigation that ultimately pointed to me. I was arrested, and the police uncovered that I was responsible for his d£ath,” he added.
Instablog9ja
14 hrs
9
The Nigerian Army has reportedly dismissed six soldiers from its service for allegedly fleeing from the scene of a Boko Haram att@ck
SaharaReporters reports that the soldiers attached to the counterinsurgency operation in the North-East, known as Operation Lafiya Dole were said to have fled from the scene of a Boko Haram att@ck around Damboa, a community in Borno State during the month.
It was gathered that over 10 soldiers were k+lled during the att@ck.
A military source who spoke to SaharaReporters said the six soldiers were dismissed for withdrawing from the w@r front.
The source, however, described the puni$hment meted out on his colleagues as not right, arguing that they left the battlefield after running out of ammunition during the fi¥ht with the t£rrorists.
According to the source, sufficient arms and ammunition were not provided for them to fi¥ht Boko Haram t£rrorists; therefore, they soon ran out of ammunition.
He also blamed the death of those k+lled on poor firepower and inadequate equipment to combat the insurgents.
“Boko Haram successfully infiltrated into our location during the month and caused KIA and WIA. So some of our colleagues fled during the battle and were all charged and dismissed for not retaliating,” he added.
📷: @saharareporters
Instablog9ja
17 hrs
13
The Federal Government has again appealed to Nigerians to shelved the planned nationwide protest against hardship in the country slated for August 1 to August 10th.
The Vice President, Kashim Shettima, who made the latest appeal at the presidential villa in Abuja on Friday, July 26, said it is a time to solve problems and not protest.
According to him, “This is the time for us to solve our problems, not to protest. The right to protest is guaranteed in most democracies around the world, but when you can start the agitation, and you don’t know where it will end, it is a road to anarchy.
We appreciate what Nigerians are going through, and our heart goes out to them. The oil subsidy has been an albatross on our neck for 50 years. Once the harvests start coming, we believe it will have a positive effect on the common man.
I wish to call on you to advocate for diplomacy, engagement, and patience. The President is very much committed to the Nigerian project, but it’s like a percolation project. When a woman is giving birth, it’s a very painful process but once the child is delivered, it is a cause for celebration.”
Investopedia
22 hrs
13
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Consumers are feeling better about inflation, but low-income earners are concerned the economy is turning, a national survey on public perceptions of the economy showed.
The Michigan Consumer Sentiment Index continued to tick lower in July. It’s the lowest level since November 2023, and it reflects four consecutive months of decline for the widely-followed measurement.
Survey director Joanne Hsu notedthat consumer sentiment over the last three months has remained “virtually unchanged.”
“Sentiment has lifted 33% above the June 2022 historic low, but it remains guarded as high prices continue to drag down attitudes, particularly for those with lower incomes,” Hsu wrote. “Labor market expectations remain relatively stable, providing continued support to consumer spending.”
The report highlighted the differences between high- and low-income earners, wrote Oren Klachkin, a financial market economist at Nationwide.
“In short, high-income earners are generally enthusiastic while lower-income cohorts are feeling the heat,” Klachkin wrote. “Lower-income households will suffer the greatest pain during the upcoming economic slowdown since they haven’t benefited from the run-up in stock prices and housing values to help them weather the pending slowdown in income growth.”
The public continues to feel better about inflation, with year-ahead expectations for price increases coming in at 2.9%, dropping for the second straight month, while expectations on price growth for five years out remained at 3%, still above the pre-pandemic range. But while inflation expectations improved, high prices continued to weigh on perceptions about the economy.
“Despite slowing inflation, consumers appear to remain unhappy with the high level of prices generally, and food prices in particular,” wrote Scott Hoyt, analyst at Moody’s. “Interest rates remain painfully high and unlikely to return to pre-pandemic levels in the foreseeable future. Homes are unaffordable for many.”
The Federal Reserve closely follows consumer inflation expectations, factoring in public sentiment when making decisions on interest rate levels.
“Gradually diminishing inflation should minimize the risk of an unexpected pop in expectations and help set the stage for a September Fed rate cut,” Klachkin wrote.
While the survey has shown elevated consumer pessimism for several months, there are reasons to expect confidence to improve, said Hoyt.
Gas prices should remain near current levels, interest rates and price levels are trending lower and the labor market is slowing but still strong.
“Given the still-low level of this index, large gains seem likely at some point,” Hoyt wrote. “Though confidence should trend higher, the timing of gains is highly uncertain.”
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