Author: Damilola Olufemi

The inflation rate of Nigeria eased to 23.71% in April 2025 against 24.23% recorded in March, according to the National Bureau of Statistics (NBS) on Thursday. The new figure indicated a slight decline of 0.52 percentage points, showing a touch of hope amid continued economic and rising cost-of-living challenges in the country. New Daily Prime reported earlier that Nigeria’s headline inflation rate edged up to 24.23 per cent in March 2025, while stating the increase in its consumer price index (CPI) for March. The rate indicated an increased move from the 23.18 per cent reported in February. It also signals…

The Minister of Innovation, Science and Technology, Chief Uche Nnaji, on Wednesday said the Federal Executive Council has approved the launch of four satellites to aid Earth observation and the fight against insecurity in the country.

The Lagos State Government is set to roll out monthly and quarterly rent payment plans to ease the strain of annual rent obligations, particularly for low-income earners. This was disclosed by the Commissioner for Housing, Moruf Akinderu-Fatai, during the 2025 Ministerial Press Briefing held to mark the second anniversary of Governor Babajide Sanwo-Olu’s second term. Akinderu-Fatai explained that the initiative aligns with the state’s broader strategy to make housing more affordable and accessible. Building on the earlier rent-to-own scheme, which allowed beneficiaries to pay just five per cent upfront and spread the rest over a decade, the government is now…

The sale of electric vehicles (EVs) across the globe is expected to exceed 20 million this year. This represents over  25 per cent of all vehicles sold, the International Energy Agency (IEA) said on Wednesday in a report. The global EVS outlook report says that sales continue to grow despite uncertainties in the global economy and pressures on the automotive sector. While global sales exceeded 17 million in 2024, the market share of these vehicles exceeded 20 per cent for the first time. China maintained its leadership in the market, accounting for more than half of last year’s sales. The…

In addition to the rotational presidency proposal, six other constitution alteration bills listed on the Order Paper were also rejected.

The World Health Organisation (WHO) have said 57 children have died from the effects of malnutrition during the ongoing blockade of the Gaza Strip A representative of WHO in the Palestinian Territories, Rik Peeperkorn, said in a video call that the UN organisation has not yet verified these figures. However, he noted that the WHO has observed an increase in malnourished children. In connection with this, he reported many young patients with pneumonia and gastrointestinal diseases. “You normally don’t die from starvation, you die from diseases associated with it,” he said. From the WHO’s headquarters in Geneva, it was stated…

Freed U.S.-Israeli hostage Edan Alexander will not travel to Qatar to meet U.S. President Donald Trump, the Hostages and Missing Families Forum said on Tuesday. “The Alexander family confirms that as of now, Edan will not fly to Qatar,” the forum said in a statement. The family remains in regular contact with the Trump administration, according to the statement. New Daily Prime reported Edan Alexander’s release. Several Israeli media outlets had reported before Alexander’s release on Monday that he might travel to Qatar to meet President Trump, who is currently on a multi-day visit to the Middle East—his first foreign…

The Federal High Court in Abuja has postponed until Tuesday, May 13, the hearing of a contempt application filed by Senate President Godswill Akpabio against suspended Natasha Akpoti-Uduaghan, Senator representing Kogi Central. Justice Binta Nyako fixed the new date after hearing from counsel to the second and third defendants, who said they had filed a fresh application highlighting alleged contemptuous behaviour by the plaintiff. The conflict stems from a February 20 Senate plenary session where a disagreement over seating arrangements escalated. Shortly afterwards, Akpoti-Uduaghan appeared on a television programme, accusing Akpabio of sexual harassment, a claim that added fuel to…

The Indigenous People of Biafra (IPOB) has declared a 12-hour lockdown from 6 am to 6 pm in South East and South South states of the country on May 30, 2025. However, only essential workers such as doctors, nurses, journalists, ambulance drivers, police, firefighters, and fuel workers are allowed to go out during the lockdown. The sit-out-home, according to IPOB spokesperson Emma Powerful, is aimed at honouring Biafran men and women who died during the Biafran War. The war was fought between Nigeria and the breakaway Republic of Biafra from July 1967 to January 1970. The war resulted from the…

United States President Donald Trump said he would sign an executive order to lower the prices of prescription drugs and pharmaceutical products. “Prescription Drug and Pharmaceutical prices will be reduced, almost immediately, by 30 per cent to 80 per cent,” Trump said in a social media post. They will rise throughout the World to equalise and, for the first time in many years, bring fairness to America The US president said he would sign the executive order, which he said would be one of the most consequential in U.S. history, at 9 am (1300 GMT) on Monday. Earlier in the…