Author: New Daily Prime

US stock markets fall as Trump threatens 200% tariff on French wine

By Fatimah Idera US stock markets fell today on Wall Street as Donald Trump threatened to impose 200% tariffs on French wine, cognac, and alcoholic drinks imported from Europe. The S&P 500 lost 1.4%, while the tech-heavy Nasdaq Composite closed down 2% after resuming its decline from the heavy losses suffered earlier this week. The Dow Jones Industrial Average closed down 1.3% as concerns grew that the US tariff war could lead to an economic downturn. Mike Dickson, head of research at Horizon Investments, said, “There are new tariff headlines every day, and that’s weighing on things as sentiment remains…

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Former President Olusegun Obasanjo has delivered a harsh critique of his successor, Muhammadu Buhari’s administration, calling it the worst in Nigeria’s democratic history. He has also expressed concern that the current government under President Bola Tinubu is following a similar path of misgovernance and corruption, potentially surpassing Buhari’s record. Obasanjo’s comments were made in the first chapter of his newly released book, “Nigeria: Past and Future.” The book, which Obasanjo unveiled last week to mark his 88th birthday, provides an in-depth analysis of Nigeria’s leadership history, offering sharp criticisms of past and present administrations. In the book, Obasanjo specifically condemned…

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Nyesom Wike addressing political stakeholders in Ahoada, Rivers State.

The Ijaw National Congress (INC) has called on President Bola Tinubu to admonish the Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, following comments attributed to him regarding the Ijaw people. The INC issued the appeal after Wike allegedly described the Ijaw as “a minority of minorities” in Rivers and other South-South states, except Bayelsa. In a statement released in Abuja on Friday, the INC’s National Publicity Secretary, Chief Ezonebi Oyakemeagbegha, expressed concern over the remarks. He said, “We will maintain peace and stability, but we urge President Tinubu to caution the minister and refocus him on his…

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United Nations (UN) logo

Measles cases in Europe have surged by 100% over the past year, with 127,350 reported in 2024, marking the highest number since 1997, according to a joint statement by the World Health Organisation (WHO) and UNICEF on Thursday, MArch 13. Dr Hans Kluge, WHO Regional Director for Europe, described the rise as “a wake-up call.” He highlighted the serious consequences of measles, which can lead to complications such as pneumonia, encephalitis, blindness, and long-term damage to the immune system. The surge in cases follows a sharp decline in immunisation rates, partly due to the COVID-19 pandemic. In 2023, 500,000 children…

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Senator Jimoh Ibrahim, Chairman of the Senate Interparliamentary Committee, has strongly criticised the suspended Senator representing Kogi Central, Natasha Akpoti-Uduaghan, dismissing her petition to the Inter-Parliamentary Union (IPU) as “dead on arrival.” In a statement issued in Abuja on Thursday, March 13, Ibrahim responded to Akpoti-Uduaghan’s escalation of her dispute with Senate President Godswill Akpabio, which she had taken to the international stage at a UN forum hosted by the IPU. Akpoti-Uduaghan had accused Akpabio of political victimisation, following her suspension on March 6 after a public altercation over a seating arrangement in the Senate, which she claimed was intended…

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President Bola Tinubu has approved the disbursement of over N700 billion to Nigeria’s tertiary institutions through the Tertiary Education Trust Fund (TETFund) in 2025, with universities set to receive N2.8 billion each. The approval was announced by the Executive Secretary of TETFund, Sonny Echono, during the 2025 Strategic Planning Meeting with heads of tertiary institutions in Abuja on Thursday, March 13. Echono detailed the allocation structure, confirming that 91.08% of the funds would be distributed directly to institutions. Of this, 48.90% is earmarked for annual direct disbursements, while 42.18% is designated for special direct disbursements. Additionally, 8.72% is set aside…

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Diphtheria outbreak: LASUTH to distribute PPE to staff

By Alade Adisa Following the outbreak of diphtheria in parts of Lagos State, the management of the Lagos State University Teaching Hospital (LASUTH), Ikeja, is set to distribute Personal Protective Equipment (PPE) to its staff. This decision comes as several cases of the disease have been referred to the hospital for treatment. Additionally, the hospital has announced plans to enforce the mandatory wearing of face masks for both staff and visitors to help curb the spread of the infection. New Daily Prime gathered that six confirmed cases of diphtheria are currently being treated at LASUTH, while one critical case has…

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How My NYSC Khaki Became a Price Tag in Asaba

By Toheeb Babalola After hearing inspiring stories from predecessors who had undergone the National Youth Service Corps (NYSC) in the late 1990s and early 2000s, the joy of wearing a lemon-coloured khaki and white shirt became a dream for me. Some of these stories, particularly Mr. Moriyanu’s (not his real name), remain stuck in my head. In 2002, Moriyanu was deployed from his hometown in the Southwest to a state in the Southern geopolitical zone. Despite studying Mechanical Engineering, he was assigned to a community primary school as his Place of Primary Assignment (PPA). The most fascinating part of his…

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Earthquake

By Fatimah Idera A magnitude 4.4 earthquake struck a volcanic area near the southern Italian city of Naples early Thursday, damaging buildings and sending residents fleeing into the streets. According to Italy’s National Institute of Geophysics and Volcanology (INGV), the earthquake occurred at 1:25 a.m. (0025 GMT), with its epicentre near the coastal town of Pozzuoli, located west of Naples. The quake, which was followed by several smaller tremors, was the strongest to hit the Campi Flegrei (Phlegraean Fields) area in 10 months. It had a depth of 2.5 kilometers. This tremor was similar in magnitude to one that struck…

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Tanzania to raise spending by 13% starting in July

By Fatimah Idera Tanzania plans to increase overall spending by 13.4% in the upcoming fiscal year starting in July, according to a draft budget that prioritizes debt repayment, the cost of the upcoming general election, and the impact of U.S. President Donald Trump’s pause on overseas aid. According to the budget paper, the East African country plans to spend 57.04 trillion shillings ($22 billion) in the 12 months beginning in July, up from 50.29 trillion shillings in the current fiscal year. Finance Minister Mwigulu Nchemba presented a paper titled “Budget Framework and Expenditure Ceiling for 2025/26” to the parliamentary committee.…

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