Author: New Daily Prime

Indications have emerged today that MrsFolake Ani-Mumuney may have been directed to resign as First Bank’s global head of marketing and corporate communications by Femi Otedola, the chairman of the holding company.A reliable source in the bank told some journalists that Otedola was “seriously irked” when he learned that a huge sum was spent on a send-off party for Adesola Adeduntan, the former Manging Director of the bank, who was reportedly forced to resign over alleged negligence in a N60 billion electronic fraud.It is still unclear if Ani-Mumuney’s resignation is directly linked to the party or not.However, the source said…

Operatives of the Lagos State Fire and Rescue Service have rescued a 63-year-old plumber, Akin Kuboye, alive from deep well in the Igando area of the Lagos.The Director of the fire agency, Mrs. Margaret Adeseye, confirmed this in a statement yesterday.She said that the incident occurred on Sunday at 9:54 a.m. at 20, Muyibi Adebayo Street, off Agric Road, Egan – Igando, Lagos.Adeseye said that the rescue team responded to a life threatening distress call and saved the survivor.“On arrival at the scene of emergency, it was discovered that the man reportedly got trapped incidentally while working in a 120m…

A timely warning has come from the Director General of NAFDAC, Prof. Moji Adeyeye,as she warned Nigerians against the consumption of fake and adulterated drinks, especially during the Christmas and new year seasons. Adeyeye, who gave the warning when she featured at the News Agency of Nigeria (NAN) Forum in Abuja at the weekend .She said the proliferation of fake and adulterated drinks, food and drugs in the country had affected the health of many Nigerians. Adeyeye also urged Nigerians to stop patronising roadside drug stores, stressing that most of their storage facilities were poor and the medicines fake. “Do…

In recent research at Rice University, factors were reviewed to influence human memories, acknowledging that the three missing episodic memory “w’s” (What, Where, and When) could enhance memory retention. Emotional content, personal significance, repetition, and attention are said to be the factors that help shape and retain human memories, according to the two researchers, Fernanda Morales-Calva and Stephanie Leal. Unfamiliar environments demand greater focus, making them more effective at creating lasting memories than familiar, routine settings. Understanding the Factors That Shape Human Memories Memory plays a fundamental role in how individuals navigate and make sense of the world. While some…

The Federal Capital Territory Internal Revenue Service (FCT-IRS), has created a dedicated unit for taxation of more than 10,000 High-Net-worth Individuals (HNIs) in the FCT.The acting Executive Chairman of the Service, Mr Michael Ango, disclosed the development in a circular made available to reporters in Abuja on Sunday.The move, according to him, is to boost Internally Generated Revenue (IGR) in the FCT.Ango explained that the unit would focus on assessment and collection of income and other taxes as well as oversee compliance and enforcement of high net worth individuals’ tax obligations in the FCT.He stressed that the unit would also…

Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has said contrary to speculations, the tax reform effort of the President Bola Tinubuadministration seeks to stimulate economic activities and generate jobs for Nigerians.Speaking with journalists on the side-lines of the 2024 Annual Retreat of the Bankers’ Committee in Abuja over the weekend, Bagudu said Tinubu remained committed to entrenching the principle of equality in all parts of the country. He added that there was currently no legislation or action under Tinubu that was designed to be detrimental to any part of the country.The minister said tax legislation was a major…

By Ikechukwu Nwagboniwe With barely two weeks until Christmas and the subsequent new year celebrations, getting cash in Kaduna, Kano and Katsina States has now become an extremely herculean task.The results have bemoaned the obnoxious situation which was reminiscent of a similar ugly development during the 2022 yuletide season.The distrausted residents have therefore called for an urgent action by the concerned authorities in order not to hamper the forthcoming Christmas and end-of-year festivities.In Kaduna city, some Point of Sale (PoS) vendors have lamented the unbecoming and unnecessary cash shortage as banks were no longer dispensing cash more than N20,000.Some of…

Nigeria’s contributory pension assets have experienced a significant growth of N4.26 trillion between October 2023 and October 2024, representing a 24.14% increase. According to the latest data from the National Pension Commission (PenCom), the value of pension assets stood at N21.92 trillion by the end of October 2024, up from N17.66 trillion during the same period in 2023. PenCom’s monthly report highlights that while the overall value of pension assets rose sharply, the asset mix composition remained largely unchanged, with the majority of assets still concentrated in government securities. Notably, investments in Federal Government securities grew from N11.42 trillion in…

A crisis seems to be brewing within the Osun State chapter of the Peoples Democratic Party (PDP) as Oluwole Oke, a member of the House of Representatives for Ijesa North Federal Constituency, has accused Governor Ademola Adeleke of neglecting the people of Ijesa North since his election in 2022. Oke, a fifth-term lawmaker and Chairman of the House Committee on Foreign Affairs, took to Facebook on Sunday, December 8 evening to express his frustration. In a post titled “Ijesa North People Are Not Stupid,” Oke criticised the governor for what he described as a lack of meaningful development in the…

The federal government has firmly rejected claims that the proposed tax reform bills are designed to marginalise Nigeria’s northern region, stressing that the bills are intended to foster national growth and fiscal sustainability. Speaking on Politics on Sunday, December 8, a TVC programme, the Secretary to the Government of the Federation (SGF), Senator George Akume, described the reforms as “pro-poor” and “nationalistic.” He urged critics to assess the bills’ intent objectively instead of politicising them. “These bills are not targeted at any section of the country,” Akume said. “I am from the north, and I am 100% supportive of these…