Author: New Daily Prime

The Economic Community of West African States (ECOWAS) has finalised the framework for a $75 million Renewable Energy and Energy Efficiency Facility, aimed at driving clean energy solutions across the region. Dr. Omar Touray, President of ECOWAS, made the announcement on Thursday during the 93rd Ordinary Session of the ECOWAS Council of Ministers in Abuja. He explained that the facility will provide grants, loans, and guarantees through competitive calls for proposals, focusing on advancing renewable energy initiatives throughout West Africa. “The Framework Document for the Establishment of an ECOWAS Renewable Energy and Energy Efficiency Facility has been finalised by the…

Nigeria’s Communications Satellite Limited (NIGCOMSAT), the country’s satellite operator, is seeking enhanced collaboration with France to advance its space technology capabilities, Managing Director Jane Egerton-Idehen announced on Thursday, December 12. In a statement posted on Facebook, Egerton-Idehen highlighted the recent visit of French Ambassador to Nigeria, Marc Fonbaustier, as a pivotal step in fostering deeper bilateral cooperation in satellite technology. Though the visit was described as a formal courtesy, it was viewed as a significant symbol of the growing opportunities for collaboration between the two nations in the field of space exploration and technology. “Although this visit was primarily a…

The Chairman of the 11th Kwara Trade Fair Organising Committee, Mr Abu Salami, yesterday in Ilorin urged more focus on production and industrialisation via agriculture and livestock development. Salami told journalists that the sector had the potential to create jobs and wealth for youths and women while contributing to the state’s economic growth and prosperity. “We are thrilled to be marking a significant milestone in the history of our Trade Fair which began on Friday at the Kwara State Sports Stadium Complex and will end on Monday. “As we move forward, I urge us all to focus on production and…

Apple has started integrating OpenAI’s ChatGPT into its devices in the latest update to the iOS, according to a statement by the iPhone maker on Wednesday, December 11. The move aims to enhance user experience and increase the sales of Apple’s latest iPhones during the peak holiday shopping season. The update introduces Artificial Intelligence-powered tools to Apple’s operating systems for iPhones, iPads, and Mac computers. The ChatGPT integration is available on the latest iPhone 16 models, as well as the Pro and Pro Max versions of the iPhone 15 series. It is also compatible with iPads equipped with A17 Pro or M1 chips…

CAPE Economic Research & Consulting has projected that Nigeria’s headline inflation rate will reach 34.03 per cent in November 2024, ahead of the official release of November’s inflation data by the National Bureau of Statistics (NBS). It said headline inflation will rise to 34.03 per cent, food inflation will reach 40.13 per cent, and core inflation will hit 28.12 per cent in the month. In its latest publication, the firm said its forecast is predicated on the persistent increase in food prices, fluctuations in the exchange rate, housing, and utility costs, which contributed 4.70 per cent, 0.38 per cent, and…

Africa’s largest refinery, Dangote Refinery, shipped its first Premium Motor Spirit (PMS) to Cameroon in partnership with Neptune Oil. In a statement released on Wednesday, December 11, Dangote expressed that the achievement was made possible by the strategic alliance between the two companies, reinforcing their dedication to boosting Nigeria-Cameroon economic relations and addressing the growing energy demand in the region. Dangote delighted with PMS export to Cameroon The President of Dangote Group, Aliko Dangote said “This first export of PMS to Cameroon is a tangible demonstration of our vision for a united and energy-independent Africa. “With this development, we are laying the foundation for…

In yet another landmark achievement ,Polaris Bank has emerged as the Sectoral Winner in the Banking and Other Financial Institutions Sector category at the 2024 NECA Annual Employers’ Excellence Awards. The bank received the sectoral recognition for its innovative HR practice at the NECA’s Excellence Awards, (the 4th edition) which held recently at the Balmoral Convention Centre, Ikeja. The recognition is particularly vital as it marks the first award the bank has received for its efforts in Human Resources Management, reaffirming Polaris Bank’s commitment to creating a people-oriented workplace culture. The NECA Annual Employers’ Excellence Awards celebrate organisations that excel…

Amid the raging crisis over alleged land grabbing by the Federal Capital Territory(FCT) Adminstration, Mr Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the FCT’s Minister, Mr Nyesom Wike, has refuted the claimOlayinka explained that some individuals in a video being circulated on social media have claimed that the FCTA has grabbed land belonging to a construction company. He said that the said land is located in Life Camp, Plot 2241, Gwarinpa District, Cadastral Zone C02, Abuja. In a statement in Abuja on Wednesday, Olayinka challenged those circulating the falsehood about their lands being seized by…

The Director General of the National Agency for Food and Drugs Administration and Control (NAFDAC), Professor Mojisola Adeyeye, revealed on Thursday that Kingsley Ekeanyanwu, the Managing Director of Divine Kings Pharmaceutical Limited, is currently in police custody in connection with the suspected substandard Deekins Amoxycillin 500mg capsules. Speaking at a press briefing in Abuja, Adeyeye confirmed that NAFDAC is actively investigating the suspected substandard batch of Deekins Amoxycillin, which was manufactured by Ecomed Pharma Ltd. The investigation follows numerous reports of serious adverse drug reactions experienced by patients who took the medication across the country. “If we see bad actors,…

An assurance has come from the Nigerian Navy that it will begin extensive rehabilitation of abandoned accommodation facilities across its formations nationwide in 2025. The Chief of Naval Staff, Vice Adm. Emmanuel Ogalla, disclosed this yesterday during the inauguration of newly refurbished accommodation buildings at the Headquarters of the Naval Training Command (HQ NAVTRAC)in Ebube-Eleme, Rivers State. The completed projects include two blocks of 94-room apartments built for Ratings at HQ NAVTRAC, as well as a block of 56 one-bedroom flats for Junior Ratings at the Nigerian Navy Barracks in Borikiri. Others are the HQ NAVTRAC Command Officer’s Mess and…