Author: Alade Adisa

An economist, Mr. Johnson Chukwu, has urged the Central Bank of Nigeria (CBN) to leverage existing infrastructure and Bank Verification Numbers (BVN) to address delays in verifying bank transactions.Chukwu, the Chief Executive Officer of Cowry Asset Management Ltd., raised the concern at the annual workshop of the Capital Market Correspondents Association of Nigeria (CAMAN) in Lagos.The theme of the workshop is: “Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers in the Nigerian Capital Market”.He noted that leverage existing infrastructure and BVN was to ensure speedy conclusion of the verification process.According to him, the delay in the apex bank’s verification…

As teams investigate ‘hidden underground cells’ Thousands of people, including women and children, have been released from Syria’s infamous prisons – as civil defence teams work on freeing those who may still be detained in hidden underground cells.After insurgents swept across the country in little more than a week to topple the Assad family’s half-century rule, families wept as they reunited with inmates held on political charges.At Sednaya prison near Damascus – a facility dubbed the “human slaughterhouse” by Amnesty International – women screamed with their children as their cells were opened.”Don’t be afraid… Bashar Assad has fallen,” one of…

Rachel Fatuma, a young Congolese woman, could be mistaken for one among thousands of youths in the Democratic Republic of Congo trying to find their feet in an evolving and demanding world.But she isn’t just another face in the crowd.As someone nurturing an unbridled passion for science, this final-year engineering student at Ruwenzori University in Kinshasa is always challenging herself to achieve something that reflects her strength of character and ambition to make a difference.At 24, Rachel has developed a unique system that enables energy generation by stepping and dancing on tiles made from cheap and easily accessible materials.”The system…

At least 20 people were injured in clashes with police in Mozambique at the weekend as violent protests against the disputed presidential election of October 9 continued, with two state buildings in the capital Maputo set on fire by arsonists, a senior police official said.Presidential candid ate Venancio Mondlane has called for a week-long new phase of protests across the country, beginning on Wednesday.National police spokesperson Orlando Mudumane told the media that the demonstrators cut off part of Maputo by blocking any moving traffic with burning tyres, stones, and containers.He added that the protesters used homemade bombs to burn down…

Gunmen suspected to be bandits have unleashed an attack on Kakin Dawa village, a district in Gidan Goga, Maradun Local Government Area, Zamfara State. NEW DAILY PRIME gathered that the hoodlums abducted over 50 women and children in the attack.According to a community member, the gunmen stormed the village at about 1:30 am on Sunday with sophisticated weapons, moving from house to house. “Everyone started running because the armed bandits have been targeting our village; later we discovered that more than 50 of our women were abducted,” he said. He added that the kidnapped victims included young girls and married…

The Nigerian telecommunications sector recorded an 87% decline in foreign investments for the third quarter of 2024, marking a significant downtrend from the previous two quarters of the year. This is according to the latest capital importation data released by the National Bureau of Statistics (NBS). The NBS data shows that the sector attracted only $14.4 million in capital importation in Q3, a sharp decline from the $113.42 investments recorded in Q2. Year-on-year, the Q3 2024 capital importation for the telecom sector also represents a 77% decline when compared with the $64.05 million recorded in the same period last year.…

Major petroleum marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have started lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery. According to various reports, the development follows an agreement reached between IPMAN and the refinery last month. NEW DAILY PRIME has gathered that IPMAN members have so far lifted millions of litres of petrol from the Dangote refinery located in the Lekki free trade zone in Lagos. Confirming the development in a chat with journalists, the National Publicity Secretary of IPMAN, Chinedu Ukadike, said the lifting of petrol from the Dangote refinery started…

Vice President Kashim Shettima says the Federal Government is working to establish a national youth development bank and a youth data bank.He said this at the 60th anniversary celebration of the National Youth Council of Nigeria (NYCN) in Port Harcourt.Shettima, represented by his Technical Adviser on Women and Youth Engagement, Hauwa Liman, said that the youth development and data bank would ensure that young Nigerians had the resources, information and access they needed to succeed.He said that the celebration was a moment to reflect on the opportunities before the youths and affirm a commitment to a Nigeria where the youths…

JBS S.A. a Brazilian multinational company, one of the largest meat processing firm, will visit Kebbi on Dec. 9, to evaluate potential areas of collaboration and investment on livestock enterprise.The Kebbi Commissioner for Animal Health, Husbandry and Fisheries, Alhaji Kabiru Usman-Alaramma, made this known while briefing newsmen in Birnin Kebbi on Sunday.“Today, I am here to share exciting development, which is a result of a trip earlier this year to Brazil by a delegation from Kebbi, led by our Deputy Governor, Sen. Umar Abubakar-Tafida. During that trip, discussions centered on investment opportunities in livestock development.“We are now poised to bring…

Syria’s former President, Bashar al-Assad and his family have arrived in Russia and have been granted asylum by the Russian authorities, Russian news agencies reported on Sunday, citing a Kremlin source. The Interfax news agency quoted the unnamed source as saying: “President Assad of Syria has arrived in Moscow. Russia has granted them (him and his family) asylum on humanitarian grounds.”