Author: New Daily Prime

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…

The Federal Government has reaffirmed its dedication to supporting micro, small, and medium enterprises (MSMEs) through a series of tax incentives designed to foster growth and sustainability within the sector. This commitment was articulated by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), at the inaugural MSME Finance Awards organized by The Economic Forum Series in collaboration with Nairametrics and DigiComm Enterprise. Represented by his special adviser, Collins Omokaro, Adedeji outlined the government’s focus on creating a conducive environment for MSMEs. “The Federal Government, through FIRS, has introduced reforms to ease the financial burden on small businesses,”…

Lionel Messi scored a brilliant equalizer as Inter Miami battled to a 1-1 draw against Charlotte FC in a tightly contested match on Saturday. The result marked Miami’s third consecutive draw, but they maintained their position at the top of the Eastern Conference as the playoff race heats up. Charlotte took the lead in the 57th minute with a deflected goal that caught Miami’s defense off guard. However, Messi quickly responded, finding the net with a precise left-footed strike, bringing his season tally to 15 goals. His timely equalizer energized the team and the traveling fans, who have come to…

Beirut, Lebanon- Prime Minister Najib Mikati has raised alarms over the escalating humanitarian crisis in Lebanon, revealing that recent Israeli attacks may have displaced up to one million people. This alarming figure represents roughly one-sixth of Lebanon’s total population and marks the country’s worst displacement crisis in decades. The situation has intensified following the death of Hezbollah leader Hassan Nasrallah, which has exacerbated fears of further regional instability. In his address to the nation, Mikati emphasized the urgent need for international support, stating, “We are witnessing a humanitarian catastrophe that we have not seen before. Our people are suffering, and…

Rights activist Deji Adeyanju has issued a stark warning ahead of the planned October 1 protests, suggesting that the government may resort to forceful measures to suppress dissent. Drawing parallels to previous violent crackdowns, Adeyanju urged Nigerians to remain resolute in their demonstrations against the prevailing economic hardships and rampant corruption plaguing the nation. In a statement released on social media, Adeyanju emphasized the critical need for citizens to assert their rights, despite the looming threat of arrest and violence. “The issues we face high fuel prices, crippling economic conditions, and pervasive corruption demand our urgent attention,” he stated. “We…

There is cause for concern at Manchester City as the Cityzens were held to a draw by Newcastle this weekend. Pep Guardiola’s men visited St James’ Park coming from a two-all draw against Arsenal during which star midfielder Rodri picked a season-ending injury. The Spaniard’s absence was very obvious this weekend as City could only manage a draw against the Magpies.Mateo Kovacic and Rico Lewis started in midfield for City, but the physicality and presence Rodri brings was missing despite the duo’s impressive showing. City struggled to break down Newcastle’s defence as Eddie Howe’s men sat deep. Coupled with Nick…

Chelsea and England forward Cole Palmer is the rave of the moment in the Premier League, after scoring all his side’s four goals in Saturday’s win over Brighton. Palmer moved to Chelsea from Manchester City for £40 million in 2023.The 22-year-old bagged 22 goals in 33 appearances for Chelsea last season and was rewarded with a new deal meant to keep him at the London club till 2033. He has maintained his impressive form for the club this season after representing England in the Euros last summer.With four goals against Brighton, Palmer brought his Premier League goals tally this season…

Arsenal manager Mikel Arteta has dismissed suggestions that his relationship with Man City’s Pep Guardiola will be soured by their ongoing rivalry. The two coaches settled for a draw when their teams went head-to-head last Sunday. Manchester City players were not altogether pleased with the way Arsenal sat deep in the game after Leandro Trossard was sent off.Several players from both sides also had heated exchanges after the game. Arsenal have trailed behind City in second place for two consecutive seasons, heightening the rivalry between the teams. Arteta was Guardiola’s assistant at City before his appointment by Arsenal in 2019.Responding…

European football governing body UEFA has handed a €10,000 fine to Spanish club FC Barcelona. In addition, it banned the club’s supporters from attending their next Champions League away game. These measures were meted out in response to the club’s fans’ racist behaviour during their last Champions League game against AS Monaco.The incident involved the display of Nazi gestures at the away end during Barca’s 2-1 defeat to Monaco at the Stade Louis II. Consequently, the Blaugrana will not be cheered by their fans when they face Crvena Zvezda in Belgrade on November 6. Furthermore, Barcelona will also be prevented…