Author: Gbenga Oluranti Olaleye

President Joe Biden stated on Tuesday, October 1, that the United States is “fully supportive” of Israel in light of recent ballistic missile attacks from Iran, which he described as “defeated and ineffective.” Biden indicated that he would be discussing potential responses to Iran with Israeli Prime Minister Benjamin Netanyahu, though he noted that the specifics of that response are still under consideration. “The attack appears to have been neutralized and ineffective, demonstrating the strength of both Israeli and U.S. military capabilities,” Biden told reporters at the White House. “Make no mistake, the United States is fully, fully, fully supportive…

Considering a move to Nigeria? Explore the most developed cities in Nigeria in 2024, each boasting robust economies, advanced infrastructure, and abundant opportunities. Introduction Nigeria, Africa’s most populous nation, is undergoing significant transformation, particularly in its major urban centers. Determining the most developed cities involves evaluating several factors, including infrastructure, economic prospects, and the overall standard of living. This comprehensive guide highlights the top 10 developed cities in Nigeria for 2024, providing you with valuable insights to aid in your relocation or investment decisions. Top 10 Developed Cities in Nigeria 1. Lagos Often referred to as Nigeria’s commercial capital, Lagos…

The rapid increase in internet access and smartphone adoption has opened up new avenues for startups in Nigeria. Mobile technology plays a crucial role, allowing businesses to connect with a broader audience, including those in remote areas. As a result, several regions in the country ranked in the top 1000 cities in the world for startups to thrive, with Lagos being 70th globally. NewDailyPrime has unveiled its list of the top 10 best Nigerian cities for startups in 2024, drawing insights from the Global Startup Ecosystem Index by Startup Blink. This ranking highlights Nigeria’s dynamic entrepreneurial landscape, showcasing the cities…

In Nigeria, purchasing property represents a substantial investment, making the process of transferring ownership a critical step for both buyers and sellers. To ensure a seamless transaction, it’s essential to gather and verify a set of key documents. These documents not only serve as proof of ownership but also protect the interests of all parties involved in the transaction. Key Documents Required for Property Transfer 1. Certificate of Occupancy (C of O) The Certificate of Occupancy is the most significant land document in Nigeria. It certifies the legal ownership status of a piece of land and is issued by either…

Seventeen state governors have raised committees to implement the N70,000 new minimum wage for workers nationwide. The states involved include Ogun, Ekiti, Sokoto, Kebbi, Osun, Enugu, Borno, Zamfara, Kogi, Kwara, Gombe, Kano, Taraba, Delta, Rivers, Jigawa, and Abia. This development coincides with the Federal Government’s recent initiation of payments for the new minimum wage to its 1.2 million employees, starting last Thursday. The Accountant General of the Federation, Oluwatoyin Madein, confirmed that civil servants will receive the new wage effective from September. Several states, including Edo, Lagos, and Adamawa, have already begun disbursing the new salary. Notably, Adamawa’s Governor Ahmadu…

The Central Bank of Nigeria (CBN) has announced a substantial increase in credit to the Federal Government, which surged by N11.33 trillion, or 57.11%, in August, bringing the total to N31.15 trillion from N19.83 trillion in July. This rise is detailed in the latest Money and Credit Statistics released by the CBN, highlighting a trend of fluctuating borrowing across the three tiers of government in recent months. In June, the credit extended to the government was recorded at N23.93 trillion, up from N19.98 trillion in April but lower than the peak of N28.38 trillion in May. The first quarter of…

The Bank of Industry (BoI) has underscored the urgent need for Nigeria to enhance its production capacity in order to achieve a one trillion-dollar economy by 2026. This assertion was made by Isa Omagu, Divisional Head of Services at BoI, during the 2024 annual conference of the Finance Correspondents Association of Nigeria, themed “Nigeria’s Journey Towards a $1 Trillion Economy: Impact of Banks’ Re-capitalisation, Opportunities for Fintechs and Real Sector.” Omagu emphasized that Nigeria’s economy currently relies heavily on fiscal and monetary policies, urging for a synergistic collaboration between both sectors. He warned that the country’s existing production levels are…

The Federal Government is accelerating its efforts to implement e-government systems aimed at enhancing productivity and providing more accessible services to citizens. This initiative was a focal point at the recent e-Government Summit held in Lagos, where officials from the Nigerian Communications Commission (NCC), the National Information Technology Development Agency (NITDA), and industry experts discussed the critical need for improved connectivity to bolster governance. The renewed commitment to e-government comes on the heels of the July unveiling of the 1Government Cloud Software by Galaxy Backbone, a cloud-based solution designed to integrate infrastructure and software services for secure data storage and…

The Federal Government has reaffirmed its dedication to supporting micro, small, and medium enterprises (MSMEs) through a series of tax incentives designed to foster growth and sustainability within the sector. This commitment was articulated by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), at the inaugural MSME Finance Awards organized by The Economic Forum Series in collaboration with Nairametrics and DigiComm Enterprise. Represented by his special adviser, Collins Omokaro, Adedeji outlined the government’s focus on creating a conducive environment for MSMEs. “The Federal Government, through FIRS, has introduced reforms to ease the financial burden on small businesses,”…

Lionel Messi scored a brilliant equalizer as Inter Miami battled to a 1-1 draw against Charlotte FC in a tightly contested match on Saturday. The result marked Miami’s third consecutive draw, but they maintained their position at the top of the Eastern Conference as the playoff race heats up. Charlotte took the lead in the 57th minute with a deflected goal that caught Miami’s defense off guard. However, Messi quickly responded, finding the net with a precise left-footed strike, bringing his season tally to 15 goals. His timely equalizer energized the team and the traveling fans, who have come to…