Author: New Daily Prime

The Federal Government has expressed confidence that the transformative reforms initiated by President Bola Tinubu’s administration will begin to bear fruit in 2025, delivering tangible benefits for Nigerians. The Minister of Information and National Orientation, Mohammed Idris, made this assertion during the Ministerial Press Briefing held on Tuesday in Abuja. Since the administration took office in May 2023, Nigerians have faced significant economic challenges, attributed to policy shifts such as the removal of the fuel subsidy, the unification of the foreign exchange market, and the recent increases in the cost of data, calls, and electricity tariffs. These measures, although controversial,…

Ukraine’s battlefield resilience could collapse within six months without continued U.S. military aid, top military officials have warned, as President Donald Trump announced a pause on all U.S. military supplies to the war-torn nation. A senior U.S. Defence Department official confirmed that military aid packages not yet delivered—including weapons currently in transit or stockpiled in Poland—will be suspended pending further review. The decision has raised serious concerns about Ukraine’s ability to withstand Russian advances, particularly as Moscow ramps up attacks on strategic positions in Kherson, Odesa, and Sumy. ‘We Will Last Six Months Without U.S. Aid’ Speaking to Al Jazeera,…

The Federal Executive Council (FEC) has approved the procurement of a N2.5 billion satellite system aimed at curbing illegal mining activities across the country. The approval came during the third meeting of the year on Monday, as announced by the Minister of Solid Minerals Development, Mr Dele Alake. Speaking to State House Correspondents after the FEC meeting, Alake explained that the satellite technology was an integrated solution designed to monitor and combat unlicensed, unregulated, and underreported mining activities. He emphasised that the deployment of this advanced technology would help mitigate issues such as revenue leakages and illegal extraction of the…

Former presidential candidate Omoyele Sowore has called on the Federal High Court in Abuja to release his international passport, allowing him to travel to the United States to visit his family. Sowore, who is currently on bail, is facing a 16-count amended charge of cybercrime filed against him by the Inspector General of Police, Kayode Egbetokun. Sowore’s legal team presented the application on Monday, March 3, requesting the temporary release of his passport to enable him to travel for family purposes and a routine medical check-up. Sowore, who has been on bail since January 30, 2025, was granted the release…

The National Agency for Food and Drug Administration and Control (NAFDAC) has announced an immediate ban on the registration, renewal, and variation of Multi-Dose Artemether/Lumefantrine dry powder for oral suspension in Nigeria. In a statement issued on its website on Monday, March 3, NAFDAC cited concerns over the product’s instability after reconstitution, which compromises its effectiveness over time. The agency noted that this ban applies to both locally manufactured and imported versions of the drug. NAFDAC explained that stability studies had revealed that the reconstituted form of Artemether/Lumefantrine becomes unstable, leading to a gradual loss of its therapeutic efficacy. This…

The Nigerian Exchange (NGX) saw a significant boost on Monday, following the listing of additional shares by Fidelity Bank Plc, which increased the market capitalisation by N94 billion. This surge comes after the successful conclusion of the bank’s hybrid offer, which included both a rights issue and a public offer both of which were oversubscribed. A total of 18.2 billion ordinary shares, each valued at 50 kobo, were added to the NGX’s daily official list as part of this offering. The rights issue, which comprised 3.2 billion ordinary shares priced at N9.25 each, was fully subscribed. Meanwhile, the public offer,…

The Federal Airports Authority of Nigeria (FAAN) has called on industry unions to engage in dialogue with the Federal Government concerning the planned concession of key airports. This follows growing resistance from unions, including the Association of Nigeria Aviation Professionals (ANAP), the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), and the National Union of Air Transport Employees (NUATE), who have raised concerns about job security and transparency in the process. The unions have voiced their opposition after the release of concession documents, which they claim excluded their representatives—contrary to prior agreements. They have since issued a 14-day ultimatum…

Ondo State Governor, Mr Lucky Aiyedatiwa, has approved the recruitment of 2,000 teachers to fill vacancies in the state’s public schools. The approval includes 1,000 teachers for secondary schools and another 1,000 for primary schools. This decision follows the successful completion of the recruitment process by the Teaching Service Commission (TESCOM), which had screened thousands of applicants last year. READ ALSO: Tinubu congratulates Aiyedatiwa on fresh term as Ondo gov In a statement issued on Monday, March 3, by his Chief Press Secretary, Mr Ebenezer Adeniyan, the governor expressed his concern over the shortage of teaching staff, particularly in rural…

Trump has paused all current military aid to Ukraine until President Volodymyr Zelensky demonstrates a commitment to peace, according to a senior Defence Department official speaking to Bloomberg. The decision affects all U.S. military equipment not yet in Ukraine, including weapons currently in transit or waiting to be shipped from Poland. This marks a significant shift in U.S. policy, raising concerns about the impact on Ukraine’s war effort against Russia. Trump Warns Zelensky: ‘Won’t Be Around Very Long’ Trump’s decision comes after he issued a stern warning to Zelensky on Monday, stating that the Ukrainian leader “won’t be around very…

Traders had been expecting cartel to postpone its plan to boost output Opec+ said it will proceed with a plan to increase oil production from April, in an unexpected move by the cartel that sent crude prices tumbling. Saudi Arabia and seven other members of the Opec+ group had previously delayed a plan to unwind long-standing output cuts several times and traders had widely expected it to be postponed again. But Opec+ said on Monday it had agreed to proceed with the “gradual and flexible return” of 2.2mn barrels a day of oil production over the next 18 months.…