Author: New Daily Prime

Bitcoin reached an all-time high of $90,670 on Wednesday, marking a significant milestone for the world’s largest cryptocurrency. The surge in value comes amid growing optimism surrounding President-elect Donald Trump’s support for digital assets and his pledge to ease regulations on the crypto industry. Bitcoin briefly spiked to $91,000 before settling just below that mark, as the volatile asset continued its remarkable rally following Trump’s recent victory in the U.S. presidential election. The cryptocurrency’s meteoric rise has been fueled by speculation that Trump’s administration will take a more favorable stance on crypto regulation, which has long been a contentious issue…

The National Inland Waterways Authority (NIWA) has launched a major initiative to clear water hyacinths and other debris from Lagos’ busy water channels. The clearance project, which began this week, is part of efforts to ensure smooth and safe navigation for boat operators and passengers as holiday travel ramps up. According to a statement released on Wednesday, November 13, the Lagos Area Manager of NIWA, Sarat Braimah, explained that the ongoing project will focus on key waterways in Lagos with heavy boat traffic, starting with the Omu Creeks and Ikorodu Water Channels. The Omu Creeks have already been cleared, while…

The Federal Government, state governors, and local government chairpersons have taken a significant step towards the full implementation of local government autonomy with the signing of a technical agreement aimed at empowering local governments across Nigeria. This agreement, finalised during a meeting of the Committee on Local Government Autonomy, is expected to be submitted to President Bola Tinubu for approval later this month. The news was confirmed on Tuesday, November 12, by Hakeem Ambali, the National President of the National Union of Local Government Employees (NULGE), in an exclusive interview with our correspondent. Ambali revealed that the document outlining the…

United States President-elect Donald Trump has announced that tech billionaire Elon Musk will serve in the Department of Government Efficiency. Musk will be joined by American patriot Vivek Ramaswamy, and together they will lead the department. This was disclosed in a statement issued by Trump on Tuesday, 12th November 2024, which was shared via Musk’s X handle early on Wednesday. The Republican noted that their appointments will help his administration “dismantle government bureaucracy, slash excessive regulations, cut wasteful expenditures, and restructure federal agencies.” 1.2M 347 So This Happened (EP 256) Reviews SERAP Demands For Answers Over Missing N100bn Dirty Notes,…

The National Youth Service Corps (NYSC) program may soon see a significant boost in funding, thanks to a new bill currently under debate in the Nigerian House of Representatives. The proposed NYSC Trust Fund (Establishment) Bill 2024 aims to create a sustainable financial structure to improve the training, empowerment, and overall operations of the NYSC, with a focus on addressing youth unemployment and skills development in the country. The bill, introduced by the lawmaker representing Nasarawa/Toro Federal Constituency of Nasarawa State, was first read in the House two weeks ago and is set for further debate in the coming weeks. …

Corruption within Nigeria’s power sector is at the heart of the country’s ongoing electricity grid collapses and chronic power supply issues, according to the Economic and Financial Crimes Commission (EFCC). On November 12, EFCC Chairman Ola Olukoyede shared disturbing insights during a visit by the House Committee on Anti-Corruption and Financial Crimes to the commission’s headquarters in Abuja. Olukoyede revealed that contractors awarded power supply contracts often engage in corrupt practices by using substandard materials, ultimately leading to widespread equipment failures and the recurrent collapse of the national electricity grid. He cited specific instances where contractors replaced high-quality materials, such…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached a landmark agreement with the Dangote Petroleum Refinery, signaling a potential shift in the country’s fuel distribution and pricing structure. With more than 30,000 members set to buy petrol directly from Dangote’s refinery in Lekki, Lagos, this deal is poised to transform Nigeria’s fuel landscape, offering consumers relief from soaring prices and supply chain inefficiencies. Under the new arrangement, IPMAN members will have the option to purchase Premium Motor Spirit (PMS) at a rate of N940 per litre if transported via vessels, or N990 per litre when using trucks to…

Cristiano Ronaldo was honored earlier this week with the Quina de Platino award from the Portuguese Football Federation for his 200 international caps. During his acceptance speech, he spoke about his journey with the national team, his goals for the future, and the value of playing for one’s country. Ronaldo spoke about how his goals for the national team have evolved over time. He started with the dream of making his debut, then aimed for 25 caps, then 50. He eventually set his sights on 100, then 150, and finally 200. He said,”I’m very proud, very fulfilled; it’s been a…

French Footballer Wissam Ben Yedder was given a two-year suspended prison sentence for sexual assault. The sentence was handed down on Tuesday following his trial last month in Nice, France. Ben Yedder’s lawyers confirmed the sentence to the Associated Press and stated that he plans to appeal the ruling. The prosecution had requested a two-and-a-half year sentence, with 18 months suspended. In addition to the suspended sentence, Ben Yedder was ordered to pay €5,000 ($5,300) in compensation to the victim and must undergo treatment. The victim had requested €25,000 in damages and was said to be in shock following the…

Former President Olusegun Obasanjo has called on African youths to embrace the rapidly evolving field of Artificial Intelligence (AI) as a means to advance their careers and prepare for the future. The advice came during a Q&A session at the 5th Edition of the Presidential Youth Mentoring Retreat, which took place at the Youth Development Centre, Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, Ogun State. “If I were your age, between 20 and 35, I would focus on AI,” Obasanjo told the attendees, emphasising AI’s transformative potential for the future workforce. He predicted that by 2040, the world would see…