Author: New Daily Prime

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has issued a stern warning to financial institutions, stressing that any violations of the newly launched Nigeria Foreign Exchange (FX) Code will lead to severe sanctions. During the launch of the FX Code at the CBN headquarters in Abuja on Tuesday, January 28,, Cardoso emphasised the critical role the framework will play in restoring trust and transparency in Nigeria’s foreign exchange market. He described the FX Code as a comprehensive and enforceable set of guidelines designed to address past abuses and unethical practices that have undermined the integrity of…

President Bola Tinubu has announced that Nigeria is leveraging over $3.25 billion in foreign investment to ensure a steady and reliable power supply for 23.7 million people across the country.This investment, which includes contributions from the African Development Bank (AfDB) and the World Bank, is central to Nigeria’s ongoing efforts to electrify its most remote and hard-to-reach communities, with a focus on achieving energy equity.Tinubu made the announcement at the Mission 300 Africa Energy Summit, which recently concluded in Dar es Salaam, Tanzania.The summit focused on improving energy access across the African continent, and Tinubu took the opportunity to reaffirm…

Former presidential candidate and activist, Omoyele Sowore, is set to appear before Justice Abdullah Liman of the Federal High Court in Abuja on Wednesday, 29 January 2025, after being arrested and detained by the police on Monday, January 27. Sowore’s lawyer, Marshall Abubakar, confirmed to reporters that the police had secured charges to arraign the rights activist for multiple offences related to cyberstalking, obstructing public officers, and disobedience to lawful orders. The charges, outlined in the case marked FHC/ABJ/CR/23/2025, relate to allegations that Sowore used his verified X account to publish false statements about the Inspector General of Police, Kayode…

The Speaker of the House of Representatives, Tajudeen Abbas, has expressed concerns over the delay in conducting Nigeria’s national population census, which he believes would have provided a more accurate assessment of the country’s population. Abbas commended President Bola Tinubu for directing the National Population Commission (NPC) to conduct a biometric census, underscoring that a national headcount is long overdue. A statement issued on Tuesday, January 28, by Abbas’s Special Adviser on Media and Publicity, Musa Krishi, revealed that the Speaker intends to meet with President Tinubu after consulting with Senate President Godswill Akpabio regarding the matter. While receiving the…

WASHINGTON, Jan 28 (Reuters) – A U.S. judge on Tuesday temporarily blocked part of President Donald Trump’s sweeping directive to pause federal grants, loans and other financial aid, giving a win to advocacy groups that said it would disrupt programs that serve tens of millions of Americans. U.S. District Judge Loren AliKhan ordered the Trump administration not to block funding for ongoing programs until Feb. 3 at a hearing in Washington court. Groups representing nonprofits, public health officials and small businesses brought the lawsuit, saying Trump’s policy would be devastating. Trump’s sweeping directive was the latest step in his dramatic effort to overhaul the federal…

An Air Busan passenger plane bound for Hong Kong caught fire at Gimhae International Airport in Busan, South Korea, on Tuesday, January 28, 2025, prompting the swift evacuation of all passengers and crew members onboard. The fire reportedly broke out around 10:30 PM local time (1330 GMT) at the tail section of the aircraft, according to Yonhap News Agency. A total of 169 passengers and seven flight attendants were onboard when the incident occurred. All passengers and crew were evacuated using emergency inflatable slides. Authorities confirmed that one person sustained injuries, but no additional details about the extent of the…

The Ministry of Interior has reported a significant revenue boost for 2024, generating ₦6 billion, a 50% increase compared to the previous year. The announcement was made by the Minister of Interior, Olubunmi Tunji-Ojo, during a media briefing in Abuja on Tuesday. The impressive revenue was generated from various activities, including ₦3.2 billion from expatriate quota applications, ₦2.4 billion from marriage registrations, ₦392 million from citizenship applications, and ₦12 million from places of worship. Tunji-Ojo clarified that the funds collected from expatriate quotas stem from application fees, not approvals, addressing concerns over the possible influx of foreign nationals into the…

North planning what some PDP govs did in 2015 to Jonathan By Alade Adisa While it is two years away, preparation for the presidential election in 2027 is already in top gear among political leaders as to who to vote for in the poll.Checks by New Daily Prime showed that the recent attacks and counter attacks between the Bauchi State governor, Bala Mohammed and top shots in the All Progressives Congress, APC, as well as in the Bola Tinubu administration are connected to jostling for political relevance and giving indications of what to expect.For instance, recently the governor took a…

Vice-President Kashim Shettima, while addressing the national conference on strengthening democracy in Nigeria, emphasized the current administration’s dedication to addressing key challenges in the nation. He assured Nigerians that President Bola Tinubu’s administration would continue to uphold democratic values, including addressing economic weaknesses, securing communities, tackling corruption, and reinforcing the independence of the judiciary. The conference, themed “Strengthening Nigeria’s Democracy: Pathways to Good Governance and Political Integrity,” was organized by the African Centre for Leadership, Strategy and Development, and was aimed at discussing how to improve the democratic process in Nigeria. Shettima, represented by his Special Adviser on Political Issues,…

The Nigeria Customs Service, Oyo/Osun Area Command, held a special decoration ceremony on Monday, January 27, to celebrate 95 officers and men who were promoted to the next rank in the recent promotion exercise. The event, which took place at the Command’s Operational Headquarters in Ibadan, Oyo State, was an occasion to honour the dedicated officers for their hard work and contributions to the Command’s success. Dr. Ben Oramalugo, the Controller of the Oyo/Osun Area Command, congratulated the newly promoted officers, recognising their professionalism, integrity, and consistent performance in their various roles. He emphasised that the promotions were a reflection…