Author: New Daily Prime

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…

The Lagos State Government yesterday reaffirmed its commitment to creating an eco-friendly state with fewer cars on the roads in the future. Mr Oluwaseun Osiyemi, Lagos State Commissioner for Transportation, said this during a presentation at the closing of the fifth Lagos Real Estate Marketplace Conference and Exhibitions in Lagos. Osiyemi said that the commitment was in line with the T.H.E.M.E.S Agenda of Governor Babajide Sanwo-Olu- led administration. He expressed worries that traffic congestion costs the state trillions of naira in deficits yearly. According to him, the current reliance on road transportation, which accounts for 90 per cent of travel…

Respite came yesterday for victims of bandits’ attack, flood disaster and Internally Displaced Persons (IDPs) in Zamfara State as the National Emergency Management Agency (NEMA) donated relief materials to them. The Director-General of the agency, Hajiya Zubaida Umar, disclosed this while handing over the materials to the state government in Gusau.Umar who was represented by the Head of Sokoto Operations Office of the agency, Mr Aliyu Kafindangi,added;“On behalf of the Federal Government, I am handing over to Zamfara Government the relief assistance for onward distribution to flood victims and the victims of banditry activities in the state.“I wish to bring…

By Nwagboniwe Emmanuel Ahead of the Yudetide season,the Beer Sectoral Group of the Manufacturers Association of Nigeria, the Federal Road Safety Corps(FRSC) and the National Union of Road Transport Workers (NURTW) have cautioned against drunk driving in the country. The call was made yesterday in Lagos during the Beer Sectoral Group (BSG)of the Manufacturers Association of Nigeria For the Don’t Drink and Drive Campaign.Speaking during the campaign, Hans Essaadi, Managing Director, Nigerian Breweries Plc & Chairman, BSG ,said :”It is both an honour and a privilege to address you today as we unite for a cause that transcends industries and…

The Peoples Democratic Party (PDP) and the Labour Party (LP) have sharply criticised the Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, following his recent comments on the conduct of Ghana’s presidential election. Yakubu had praised the peaceful and transparent nature of the Ghanaian election, advising Nigerian politicians to learn from it. In the Ghanaian election, former President John Mahama, the opposition candidate, defeated the ruling party’s candidate, Vice President Mahamudu Bawumia. Yakubu, in a video message, commended Ghana’s electoral process, emphasising its smooth and rancor-free nature, and suggested that Nigeria could draw valuable lessons from it.…