Author: New Daily Prime

Fresh blow risks impacting tens of thousands of staff and 14 million customers Santander is reportedly considering leaving Britain over excessive red tape, in a blow that risks impacting tens of thousands of staff and some 14 million customers. The Spanish banking giant is considering pulling out of the UK as part of a strategic review of its future, according to the Financial Times. If executives decide to leave, they would seek a buyer for the lender’s operations here. The extraordinary proposal is said to have been partly triggered by frustration over costly UK rules introduced in the wake of the financial…

By Daniel Johnson ‘Cabrini’ film lead and Gomorrah star Cristiana Dell’Anna travelled to Geneva on Friday to highlight the age-old dangers confronting migrants – and the astonishing Italian missionary who travelled to New York City’s slums at the turn of the last century, determined to protect them. “Being from southern Italy, the migration issue is very close to my heart. Southern Italians have always emigrated throughout history, especially during the Second World War and I have in my family people who have emigrated and I am an emigrant myself,” Ms. Dell’Anna said, ahead of a special screening of her film at…

Hopes are rising that, with the support of the United Nations, the architects of the brutal former regime of Bashar al Assad in Syria will eventually be held accountable for their crimes. For years, UN human rights bodies have been documenting, monitoring and publishing reports on abuses, and bringing Syria’s dire human rights record to the world’s attention. The fall of Bashar al Assad in December 2024 was largely greeted with euphoria by the Syrian people, but images of hundreds of people pouring into the notorious Sednaya Prison, desperately searching for friends or relatives, and testimony from former prisoners, recounting…

One millionaire left Britain every 45 minutes in the year Labour came to power, figures suggest. The UK lost 10,800 millionaires to overseas countries last year, more than double the number in 2023, according to new data. The wealth exodus equates to 30 millionaires leaving a day – approximately one every three quarters of an hour. It comes as Labour plans to abolish centuries-old tax laws that allow foreign investors to reside in Britain while sheltering offshore wealth from domestic taxes. Jason Hollands, managing director of financial advisers Evelyn Partners, said the crackdown made Britain appear “hostile to wealthy people”. “The…

Nigerian president’s economic shock therapy has gutted the middle class and the megacity’s festive party scene. “Detty December” is almost upon Lagos, but you would not know it from the atmosphere in bars and clubs throughout Nigeria’s largest city. Lagos’s world-famous nightlife reaches its raucous peak during the month, when festive abandon by locals coincides with an influx of foreign currency-carrying diasporans. “Detty” is a light-hearted alternative for “dirty” in Nigerian Pidgin. But the worst cost of living crisis in a generation, a product of radical economic reforms introduced by President Bola Tinubu, has gutted the west African country’s…

It is not yet clear that the Gaza ceasefire will even come into force. But, if the war is indeed ending, what has it meant for the world? For Israel, the impact seems double-edged. The country’s leader, Benjamin Netanyahu, can argue that he has turned a national tragedy into a strategic victory. Hamas has been devastated, if not entirely destroyed. Hizbollah, the Lebanese militant group that was the most heavily armed and threatening part of Iran’s “axis of resistance”, has also been debilitated. Iran and Israel have exchanged direct fire. But most of Iran’s missiles failed to get through…

One common thread running through the 2025 year ahead outlooks from banks and asset managers was a near-consensus view that the dollar would strengthen further in the coming 12 months. Like much else in the incoming Trump administration’s agenda, the talk around the value of the greenback has been at times contradictory. Donald Trump himself, together with many of his key trade policy advisers, has long argued that a strong dollar has made American exports pricey, encouraged imports and cost American manufacturing jobs. Others appointed to key jobs, though, such as Scott Bessent, nominated for the post of Treasury…

By Alade Adisa The Academic Staff Union of Universities (ASUU), Lagos Zone, has said there is a world of difference between the Tertiary Education Trust Fund (TETFund) and the Nigeria Education Loan Fund (NELFund), therefore, the administration of President Bola Tinubu should not kill the former for the latter. The Zonal Coordinator, Prof. Adelaja Odukoya, stated this while briefing the press in Lagos on the Tax Reform Bills before the National Assembly and how they affect the education sector. He added that lecturers would do everything possible to ensure that TETFund is not sacrificed on the altar of making NELFund…

By Michael Damilola Already-imprisoned former Pakistan Prime Minister Imran Khan has been sentenced to 14 years in jail by a Pakistani court after finding him guilty of corruption. The case centres on the misuse of authority and corruption involving Khan’s Al-Qadir University project trust. He had faced charges of bribery involving land in return for a £190 million money laundering favour to Malik Riaz, a real estate tycoon, marking the fourth major case the former PM has been convicted for. In January 2023, three previous convictions bothered on selling state gifts, leaking state secrets, and unlawful marriage, among other pending…

Chairman of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has announced that remittances from Nigerians living abroad have exceeded $90 billion in the past five years. During her budget defence before the National Assembly Joint Committee on Diaspora on Thursday, January 16, she revealed that in December 2024 alone, remittances amounted to at least N60 billion, highlighting the vital role of the diaspora in Nigeria’s development. Dabiri-Erewa praised the diaspora as a powerful resource and emphasized their growing significance as ambassadors of the country, stating that Nigerians abroad have the potential to change the global narrative about Nigeria. She…