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US consumer spending rose only slightly in August, government data showed Tuesday, with consumers appearing to shift towards essentials in the face of high interest rates. Overall retail sales rose unexpectedly by 0.1 percent from July to August at $710.8 billion, defying analysts' anticipation of a 0.2 percent decline, according to Department of Commerce data.
The US Federal Reserve began a two-day interest rate discussion on Tuesday that is all-but-certain to end with its first cut since March 2020, as inflation continues to ease. A rate cut of any size would support US consumers, who are feeling the effect of interest rates at a 23-year high of between 5.25 and 5.50 percent, impacting the cost of borrowing on everything from mortgages to car loans.
Comedian Woli Arole and fashion content creator Powede Awujo have sent a message to 'woke' Nigerians amid the viral 'I am a Chosen' trend on social media.
The Lord's Chosen church is trending on the net and has triggered an "I am a Chosen" trend across social media platforms. Here are things to know about the church.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has decided to seal filling stations and also fine marketers after the Nigeria Customs report.
The Economic and Financial Crimes Commission (EFCC) has arrested five Chinese nationals in Akwa Ibom State for alleged illegal mining of ilmenite.
Capitalfield Investment Group Ltd in a demonstration of commitment to youth empowerment & educational excellence, has made an impact through its CSR initiative.
Nigerian passengers are deserting the airports and the airlines following the rise in airfares by local airlines forcing them to choose other alternatives.
Austin Jay-Jay Okocha has named his five-a-side team including Brazilian legend Gaucho Ronaldinho and three of his former Super Eagles teammates.
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