Author: Press Room

June PPI came in at -0.3% month over month against a consensus of 0.0%, and 5.5% year over year versus an expected 6.2%. The downside surprise followed softer-than-expected CPI data, prompting investors to reassess expectations for the Federal Reserve’s rate cut policy.The full June PPI breakdown from XTB shows PPI Core MoM at +0.2% versus +0.3% expected, and PPI Core YoY at 4.7% versus 5.1% expected. Every measure printed below the consensus. U.S. PPI DATA IS OUTHEADLINE PPI (YoY): 5.5 %Forecast: 6.2% | Previous: 6.5%CORE PPI (YoY): 4.7%Forecast: 5.2% | Previous: 4.9%Both headline and Core PPI comes in lower than…

Troops of the Joint Task Force (North West) Operation FANSAN YAMMA have rescued 13 kidnap victims during separate operations in Anka and Kaura Namoda Local Government Areas of Zamfara State. The operation, carried out by troops of Sector 2, also disrupted planned terrorist activities, forcing the suspects to flee and abandon their captives. According to a statement issued on Wednesday by the Media Information Officer of the Joint Task Force, Lieutenant Colonel Aliyu Danja, the first operation was conducted in Bagega, Anka LGA, following credible intelligence on armed terrorists travelling on motorcycles towards Tungan Kudaduku. “Guided by real-time surveillance, the…

Nigeria’s Flying Eagles have discovered the teams standing between them and a place at the 2027 Africa U20 Cup of Nations after Wednesday’s draw for the 2026 WAFU B U20 Championship, Soccernet.ng reports. The regional competition, which serves as the qualifying tournament for the 2027 TotalEnergies U20 Africa Cup of Nations, has handed Nigeria another difficult route, with the Flying Eagles placed in Group B alongside fierce rivals Ghana, Burkina Faso and Togo.The draw, conducted on Wednesday afternoon, split the seven participating countries into two groups. Hosts and reigning champions Côte d’Ivoire were seeded into Group A, where they will…

Rotimi Agbana The Lagos State Government has forecast rainfall across several parts of the state on Monday, advising residents to remain vigilant and ensure drainage channels are kept free of refuse to minimise the risk of flooding. The weather outlook, shared on Monday by the Commissioner for the Environment and Water Resources, Tokunbo Wahab, indicates that cloudy conditions, accompanied by light southwesterly winds and intermittent rainfall, will prevail across the state at different periods of the day. According to the forecast, residents in Ikorodu, Epe and adjoining communities should expect rainfall during the early hours of the day, while other…

The Police Service Commission has released the names of successful applicants recruited into the Nigeria Police Force as Police Constables, following the conclusion of the nationwide recruitment exercise for 50,000 personnel. The commission announced this in a statement issued on Wednesday by its Head of Protocol and Public Relations, Torty Kalu. According to the PSC, the recruitment exercise was conducted in collaboration with the Nigeria Police Force, the Federal Character Commission, the Ministry of Police Affairs, state career and counselling departments, and the Police Community Relations Committee. The commission described the exercise as “comprehensive, inclusive, equitable and transparent.” It directed…

Nigerian striker Etiosa Ighodaro has been backed to enjoy a breakthrough campaign at Kaizer Chiefs after an injury-hit debut season with the 13-time South African Champions, Soccernet.ng reports. The 25-year-old joined the Glamour Boys amid huge expectations last year but endured a frustrating first season at Naturena, with recurring injury problems restricting him to just seven appearances across all competitions. Ighodaro did not feature at all during the 2026 calendar year, leading many supporters to forget about the Nigerian forward’s presence in the squad. However, the former Chippa United and AmaZulu striker has started pre-season strongly under new manager Fernando…

Ethereum price is heating up as it pounces higher above $1,850, gaining more than 5% over the past day. The $2,000 level is finally back in view, although that ceiling has humbled plenty of eager bulls before. The setup looks encouraging, but resistance is still looming.The Ethereum Foundation has spun out a new entity called EthSystems. Its mission is to build technology and consulting services that help institutions operate on Ethereum while keeping transactions confidential. That targets one of the biggest hurdles for traditional finance, where privacy expectations often clash with public blockchain transparency. Today we're launching EthSystems.We build confidential…

Former Super Eagles and Chelsea midfielder John Obi Mikel has opined that England have very little chance of defeating Argentina in the second semi-final of the 2026 FIFA World Cup, Soccernet.ng reports. The 39-year-old faced Lionel Messi’s Argentina twice at the Copa Mundial, one in 2014 and again in 2018, but came out on the losing end both times as the eight-time Ballon d’Or winner found the back of the net. Messi is currently joint top-scorer for the 2026 World Cup alongside French striker Kylian Mbappe, who was part of the team that lost to Spain last night at the…

A Nigerian akara vendor, Ayobami Ogunmoroti, popularly known as Ayo Alakara, has confirmed receiving financial support from First Lady Oluremi Tinubu, saying the intervention helped him expand his business from operating under a tree to owning a food kiosk. Ogunmoroti made the disclosure in a video posted on his TikTok page on Tuesday, days after the First Lady cited his story while defending her remarks encouraging Nigerians to embrace small-scale businesses. The video also comes after President Bola Tinubu jokingly referred to the First Lady as “Iya Alakara” during the Presidential Press Corps Dinner at the State House, Abuja, following…

Stephen Angbulu President Bola Tinubu on Tuesday promised that water projects would fully cover the Abuja area councils of Kuje, Kwali, Gwagwalada and Abaji before the end of his tenure. This was as he inaugurated a 198-kilometre water pipeline network in Bwari, FCT, declaring that clean water was a fundamental right and not a luxury. Represented at the ceremony by the First Lady, Oluremi Tinubu, the President said the project ended years of dependence on untreated boreholes and streams by communities in Bwari, Ushafa and surrounding areas, linking them directly to the treated water source at the Lower Usuma Dam.…