Author: New Daily Prime

The rapid increase in internet access and smartphone adoption has opened up new avenues for startups in Nigeria. Mobile technology plays a crucial role, allowing businesses to connect with a broader audience, including those in remote areas. As a result, several regions in the country ranked in the top 1000 cities in the world for startups to thrive, with Lagos being 70th globally. NewDailyPrime has unveiled its list of the top 10 best Nigerian cities for startups in 2024, drawing insights from the Global Startup Ecosystem Index by Startup Blink. This ranking highlights Nigeria’s dynamic entrepreneurial landscape, showcasing the cities…

In Nigeria, purchasing property represents a substantial investment, making the process of transferring ownership a critical step for both buyers and sellers. To ensure a seamless transaction, it’s essential to gather and verify a set of key documents. These documents not only serve as proof of ownership but also protect the interests of all parties involved in the transaction. Key Documents Required for Property Transfer 1. Certificate of Occupancy (C of O) The Certificate of Occupancy is the most significant land document in Nigeria. It certifies the legal ownership status of a piece of land and is issued by either…

Today marks the 64th anniversary of Nigeria’s independence, a moment to reflect on the journey of this great nation. From the vibrant celebrations on October 1st, 1960, when the green-white-green flag was hoisted for the first time, to the dynamic, diverse, and resilient country we are today, Nigeria’s story is one of perseverance, unity, and hope. Despite the challenges faced along the way—economic struggles, political turbulence, and social upheavals—Nigeria has remained a symbol of strength and potential in Africa. With over 200 million citizens from hundreds of ethnic groups, cultures, and traditions, Nigeria embodies the richness of diversity, yet remains…

The world of cycling has been struck by tragedy with the passing of 18-year-old Swiss cyclist Muriel Furrer, following a devastating crash during the junior road race at the 2024 Road and Para-cycling World Championships in Zurich. Furrer, who had a promising future in the sport, suffered a severe head injury during Thursday’s race and was immediately airlifted to the hospital, where she tragically succumbed to her injuries. The Union Cycliste Internationale (UCI) released a statement expressing deep sorrow at the loss of the young rider, stating, “With the passing of Muriel Furrer, the international cycling community loses a rider…

Manchester United manager Erik ten Hag appears to be keeping his job despite a disappointing three-nil loss to Tottenham over the weekend. The defeat to Tottenham was United’s second straight three-nil loss at Old Trafford, putting the Dutchman under intense pressure. However, the club’s executives do not seem to be in a search for a new manager.United made a very poor showing against Tottenham, with Spurs taking an early lead through a Brennan Johnson goal. The Red Devils’ captain Bruno Fernandes was sent off just before halftime, putting the team in a worse situation. Dejan Kulusebski and Dominic Solanke compounded…

Former Cameroon and serving president of the Cameroon Football Federation (Fecafoot) Samuel Eto’o has been hit with a six-month ban by world football governing body FIFA. FIFA reached the decision after the former striker commited disciplinary violations during the under-20 Women’s World Cup round of 16 game between Cameroon and Brazil. Cameroon crashed out of the competition hosted by Columbia after losing 3-1 to Brazil after extra time on September 11.The ban will prevent Eto’o from attending any Cameroon game in all age groups and categories for a period of six months. This will limit his participation with the teams…

Seventeen state governors have raised committees to implement the N70,000 new minimum wage for workers nationwide. The states involved include Ogun, Ekiti, Sokoto, Kebbi, Osun, Enugu, Borno, Zamfara, Kogi, Kwara, Gombe, Kano, Taraba, Delta, Rivers, Jigawa, and Abia. This development coincides with the Federal Government’s recent initiation of payments for the new minimum wage to its 1.2 million employees, starting last Thursday. The Accountant General of the Federation, Oluwatoyin Madein, confirmed that civil servants will receive the new wage effective from September. Several states, including Edo, Lagos, and Adamawa, have already begun disbursing the new salary. Notably, Adamawa’s Governor Ahmadu…

The Central Bank of Nigeria (CBN) has announced a substantial increase in credit to the Federal Government, which surged by N11.33 trillion, or 57.11%, in August, bringing the total to N31.15 trillion from N19.83 trillion in July. This rise is detailed in the latest Money and Credit Statistics released by the CBN, highlighting a trend of fluctuating borrowing across the three tiers of government in recent months. In June, the credit extended to the government was recorded at N23.93 trillion, up from N19.98 trillion in April but lower than the peak of N28.38 trillion in May. The first quarter of…

The Bank of Industry (BoI) has underscored the urgent need for Nigeria to enhance its production capacity in order to achieve a one trillion-dollar economy by 2026. This assertion was made by Isa Omagu, Divisional Head of Services at BoI, during the 2024 annual conference of the Finance Correspondents Association of Nigeria, themed “Nigeria’s Journey Towards a $1 Trillion Economy: Impact of Banks’ Re-capitalisation, Opportunities for Fintechs and Real Sector.” Omagu emphasized that Nigeria’s economy currently relies heavily on fiscal and monetary policies, urging for a synergistic collaboration between both sectors. He warned that the country’s existing production levels are…

The Federal Government is accelerating its efforts to implement e-government systems aimed at enhancing productivity and providing more accessible services to citizens. This initiative was a focal point at the recent e-Government Summit held in Lagos, where officials from the Nigerian Communications Commission (NCC), the National Information Technology Development Agency (NITDA), and industry experts discussed the critical need for improved connectivity to bolster governance. The renewed commitment to e-government comes on the heels of the July unveiling of the 1Government Cloud Software by Galaxy Backbone, a cloud-based solution designed to integrate infrastructure and software services for secure data storage and…