Author: New Daily Prime

By Aanu Adeoye in Lagos Buyer of ExxonMobil’s assets in the west African country wants to double production within six months The Nigerian company that took over the local operation of ExxonMobil wants to double production within six months, after moving in to take advantage of the retreat of foreign majors from the county’s onshore oil sector. London-listed Seplat completed its purchase of a range of oil and gas assets the US energy giant owned in December after Nigerian regulators delayed signing off on the deal for more than two years. Seplat senior management said the plan was to more…

Economists are sometimes accused of spending too much time studying recondite subjects and constructing elaborate theoretical modls of little interest to anyone outside the profession’s high clergy, but here’s an NBER paper on some real-life drama. FT Alphaville’s emphasis below: In this study, we investigate whether reproductive rights affect migration. We do so using a synthetic difference-in-differences design that leverages variation from the 2022 Dobbs decision, which allowed states to ban abortion, and population flows based on change-of-address data from the United States Postal Service. The results indicate that abortion bans cause significant increases in net migration outflows,…

Housing costs, career focus and access to IVF has driven people to delay parenthood in the capital Mothers in London are more likely to have children later on in life than elsewhere in England and Wales, as more people delay parenthood to establish careers while navigating high housing costs, say analysts. Like many advanced and developed economies, Britain is experiencing a fast decline in birth rates as the average age of mothers rises. But the trend is particularly stark in London, where the birth rate for women aged between 40 and 44 beats all the other regions by some…

Two emerge best graduating student with perfect 5.0 CGPA score By Alade Adesina A total of 16,409 students are graduating during the 55th convocation ceremony of the University of Lagos, UNILAG, the Vice Chancellor, Prof. Folasade Ogunsola, has disclosed.She stated this on Wednesday while briefing the press on activities lined up for the ceremony.Among the graduating students, 561 are in the first class category, while 3,910 are in the second class upper class and 3,763 in the second class lower category, while 1,143 are in the third class category.This is just as two students emerged the overall best graduating students…

By Alade Adisa A private primary school teacher who was shown in a viral video assaulting a pupil in the Ikorodu area of Lagos was on Wednesday arrested by the police. The female teacher, name unknown, was seen in the video hitting the male pupil on the head due to the boy’s apparent non-compliance with her instructions. The incident which occurred at the Christ-Mitots School, Isawo Road, OlaInukan Bus-Stop, Isawo, Agric, Lagos; has since gone viral. Ata at press time, no official statement has been issued on the matter by the Lagos State Ministry of Education.

Former Minister of Youth and Sports, Solomon Dalung, has claimed that the cabal surrounding President Bola Tinubu is more powerful and dangerous than the one that operated during former President Muhammadu Buhari’s administration. Speaking on Channels Television’s Politics Today on Tuesday, January 7, Dalung described Tinubu’s cabal as highly educated, ambitious, and refined, with a deep understanding of power dynamics, making them adept at manipulating governance and isolating the president. Dalung compared this to Buhari’s cabal, which he described as less sophisticated and made up of individuals with limited political experience. He argued that while Buhari’s cabal had narrow, self-serving…

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has marked his 60th birthday with a heartfelt reflection on his remarkable journey from humble beginnings to heading Africa’s largest energy company. In a post shared on X (formerly Twitter) on Wednesday, January 8, Kyari, born January 8, 1965, expressed gratitude for the opportunities that led him from an Almajiri (Tsangaya) school pupil to leading one of Nigeria’s most important state-owned enterprises. He also pledged to continue serving the nation with greater dedication and commitment. Kyari, who was appointed CEO of NNPCL by former President…

President Bola Tinubu on Tuesday extended his congratulations to Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), as he marks his 60th birthday on January 8. In a statement signed by Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, the President praised Kyari as a “shining example of the ideals of the Renewed Hope Agenda.” Tinubu commended Kyari’s contributions to Nigeria’s energy sector, emphasising his commitment to creating new opportunities and ensuring the sector’s growth and sustainability. “Kyari is a shining example and embodiment of the ideals of the Renewed Hope…

By Alade Adisa A total of 16,343 students will graduate during the 55th convocation ceremony of the University of Lagos (UNILAG), as disclosed by the Vice-Chancellor, Prof. Folasade Ogunsola. She made this announcement on Wednesday during a press briefing on activities planned for the event. Among the graduating students, 561 will graduate with first-class honors, 3,910 with second-class upper honors, and 3,723 with second-class lower honors. In addition, the Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala; the co-founder of Guaranty Trust Bank, Mr. Fola Adeola; and the Managing Director of Sahara Power Group, Mr. Kola Adesina, will…

As the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, celebrates his 60th birthday today (Wednesday), attention has shifted to the expiration of his tenure and the possibility of an extension. Legal professionals and industry insiders have raised concerns about the adherence to the rule of law and transparency surrounding the matter. Kyari, who was appointed by former President Muhammadu Buhari in July 2019, is a veteran in the oil industry with over 32 years of experience at the NNPC. His tenure has been marked by significant industry reforms and high-profile decisions, making…