Author: New Daily Prime

A closer look at today’s pound–naira exchange rate data points to sustained foreign exchange pressure, as the gap between Nigeria’s official market and the parallel segment remains firmly in place. According to figures published by the NGNToday platform, the official exchange rate for the British pound sterling is pegged at N1,893, while the black market rate is trading higher at N1,950 per pound on Monday, 19 January. Data Insight: Reading Between the Lines The N57 difference between both markets represents a spread of just over 3%, a level that signals continued demand for pounds outside formal FX channels. From a…

A fresh analysis of today’s dollar–naira exchange rate reveals a persistent gap between Nigeria’s official foreign exchange window and the parallel market, underscoring ongoing pressures within the FX ecosystem. Data from the NGNToday platform shows that the official exchange rate for the US dollar stands at M1,422, while the black market (parallel market) rate is trading significantly higher at N1,470 per dollar on Monday, 19 January. What the Numbers Say From a data perspective, the N48 spread between the official and black market rates reflects a divergence of roughly 3.4%. This gap is a key indicator of excess demand for…

By Clement Abayomi and Sakariyah, Ridwanullah How will the new tax laws affect me? This is a question that Nigerians seem to be asking now that the tax reform laws are being implemented. Anxiety and fear seem to have taken over, perhaps because Nigerians have often learnt that government policies can sound sweet on paper but feel bitter in reality. So when the Federal Government (FG) unveiled a set of tax reform laws in 2025, the people began to question the significance of these reforms. This article articulates reactions from various angles. Since the tax reform laws came into the…

By Clement Abayomi The political temperature in Rivers State has got intense as impeachment proceedings against Governor Siminalayi Fubara and his Deputy, Prof Ngozi Odu, revealed some conflicts between the government and lawmakers. The tension has resulted in a full constitutional process, such that lawmakers insist on allegations of gross misconduct against Fubara and his deputy. In this article, the facts and reasons behind the impeachment proceedings against Fubara in Rivers State are examined. Starting with, the Rivers State House of Assembly commenced the impeachment proceedings against both the governor and his deputy through a formal invocation of Section 188…

By Sakariyah Ridwanullah Today, Nigeria feels like a nation walking through fire with its eyes fixed on a distant promise of light. Markets are noisier, wallets are thinner, and every journey by bus or commercial transport feels like a negotiation between necessity and affordability. Conversations in homes, offices, and campuses now orbit the same themes: the rising cost of living, structural reforms, and the leadership of President Bola Ahmed Tinubu. In interviews conducted by New Daily Prime across Lagos, Ogun, Oyo, Kwara, and Sokoto states, ordinary Nigerians spoke with unusual candour about pain, patience, hope, and distrust. The administration’s diagnosis…

The All Progressives Congress (APC) in Ikwerre Local Government Area of Rivers State has passed a resounding vote of confidence in President Bola Tinubu, hailing his leadership as a beacon for Nigeria’s future. The endorsement, made at a party meeting on Monday, comes amid the state’s ongoing impeachment crisis, underscoring loyalty to the national leader despite local tensions. Party members commended Tinubu’s “Renewed Hope” agenda, crediting it with economic reforms, infrastructure boosts, and security gains. “He’s delivering for Rivers and Nigeria,” a local chairman said, urging unity behind the president for 2027. Read related news from New Daily Prime: APC…

Weekly Love Story Column  by  Olayinka Owolabi-Ajayi Attraction is instant. It is the spark that catches your attention, the chemistry that makes conversation flow easily, and the excitement that reminds you what is possible. It feels natural, effortless, and powerful. While it can begin a love story, it rarely sustains it. Attraction happens in the moment.Alignment is built over time. You can be deeply drawn to someone’s looks, energy, or personality, yet still discover that your values, goals, and vision for the future do not match. Attraction is what you feel , alignment is what you build together through understanding,…

By Jeremiah Aminu Self-censorship has, in recent years, become one of the topical issues dominating critical discourses revolving around press freedom within the Nigerian journalistic space. While some have foregrounded the merits that accompany its utilisation, many have also underscored its dismerits, most especially the risks that it poses to the journalistic integrity and credibility of the Nigerian press. However, before proceeding onward, it is essential to, first of all, understand the meaning of the term, self-censorship, before discussing its operations within Nigerian journalism. Self-censorship, as defined by Merriam-Webster Dictionary, refers to “the act or action of refraining from expressing…

By Jeremiah Aminu Nigerian roads have, in recent years, become breeding grounds upon which accident casualties thrive. Recent statistical reports from the National Bureau of Statistics (NBS) and the Federal Road Safety Corps (FRSC) serve as testaments to this gruesome fact, as they reveal the alarming rate in which accident casualties (both ghastly and fatal) occur on Nigerian roads. On the one hand, the NBS, in a 2023 Social Statistics report, recorded over 18,386 cases of road accidents in a span of three years, with 5472 incidents in 2020, 6336 in 2021, and 6578 in 2022. Much more recently in…

By Jeremiah Aminu A raging wave of nationwide outrage has descended upon the shores of the Nigerian social media space regarding PayPal’s return into the Nigerian fintech terrain. This is tied to the promotion of the corporation’s initiative, PayPal World, whose function is etched around aiding cross-border payments in Nigeria without the need of opening a traditional PayPal account for transactional purposes. While this announcement appears as an answered prayer to years of clamours by some Nigerians, to many Nigerians, it is a reminder of years of lost opportunities, heartaches, economic segregation, and heavy financial losses. Many Nigerians, most especially…