Author: New Daily Prime

The Chairman of Transcorp Group, Mr Tony Elumelu, has said that Nigeria’s ambition to grow a $1 trillion economy cannot be realised without urgent and sustained intervention in the country’s electricity sector. Speaking at the company’s Annual General Meeting held in Abuja on Wednesday, Mr Elumelu stated that access to reliable electricity remains the most critical factor in transforming Nigeria’s economy, particularly in bolstering contributions from the non-oil sector. “I want to use this opportunity to reiterate that access to electricity remains the single most critical factor in fixing the Nigerian economy, especially as we seek to have the non-oil…

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has stated that young people in Nigeria and across 51 other African nations do not require handouts in the name of empowerment programmes, but rather access to capital to transform their ideas into sustainable wealth. Speaking during an exclusive interview aired on Sunrise Daily, a morning programme on Channels Television, on Thursday, April 10, Dr Adesina described the ongoing emigration trend among Nigerian youth — commonly referred to as the “japa” syndrome — as a significant loss to the country. “Young people don’t need freebies; they don’t need people…

Nigerian billionaire businessman, Femi Otedola, has extended warm birthday wishes to fellow industrialist, Aliko Dangote, describing him as “the greatest entrepreneur to have come out of Africa.” Otedola shared the tribute via his social media platform on Thursday, commemorating Dangote’s birthday with a message filled with admiration and respect for the renowned business magnate. “Happy Birthday to my dear brother, the greatest entrepreneur to have come out of Africa …” Otedola wrote, celebrating Dangote’s impact on the continent’s economic and industrial growth. The post quickly attracted attention across social media, with numerous followers and admirers also sending birthday wishes and…

Controversial media personality, Kemi Olunloyo, has publicly renounced her family name and distanced herself from the family of her late father, Dr Victor Omololu Olunloyo, former Governor of Oyo State. Dr Olunloyo, a respected mathematician and politician, passed away on Sunday, 6 April, at the age of 89. In a series of posts and videos shared on her Facebook and TikTok accounts, Ms Olunloyo stated that she no longer considers herself part of the Olunloyo family and would not be accepting condolences over her father’s death. “I am uploading video statements on my father’s death on TikTok. I am not…

As part of efforts to develop solutions to protect customers’ rights, the Nigerian Communications Commission (NCC) has proposed a 12-month window for subscribers to reclaim unused airtime on deactivated lines. The NCC announced the proposal, titled ‘Draft Guidance on Unutilised and Unclaimed Recharges,’ during a virtual stakeholder engagement forum in Abuja on Tuesday, April 8. The NCC’s Executive Vice Chairman/Chief Executive Officer (EVC/CEO), Dr Aminu Maida, said the initiative is part of efforts to ensure a balance between consumer rights and operational realities in the telecommunications sector. Maida, represented by the Executive Commissioner for Stakeholder Management, Rimini Makama, noted that…

Nollywood actress Iyabo Ojo and her daughter, Priscilla have paid a visit to the Ooni of Ife, Oba Adeyeye Ogunwusi, to personally invite him to Priscilla’s upcoming wedding to her fiancé, Juma Jux.  The visit, which was shared on Iyabo Ojo’s Instagram page, shows Priscilla respectfully kneeling as she presents the monarch with an invitation. The Ooni’s endorsement of the wedding is seen as a significant blessing for the couple, with Iyabo Ojo expressing her gratitude and excitement. She wrote, “When the Revered Ooni of Ile Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja 11, @ooniadimulaife the Royal father of the day, lends his…

The Central Bank of Nigeria (CBN) has announced a significant increase in personal remittance inflows, which rose to $20.93 billion in 2024, reflecting an 8.9 per cent year-on-year growth. This is part of the country’s broader financial performance, as the CBN also reported a balance of payments surplus of $6.83 billion for the 2024 financial year. In a statement released on Wednesday, April 9, the CBN attributed the improvement to a combination of macroeconomic reforms, stronger trade performance, and renewed investor confidence. The statement, signed by Mrs. Hakama Sidi-Ali, the CBN’s Acting Director of Corporate Communications, highlighted the resilience of…

Peter Obi, the presidential candidate for the Labour Party during the 2023 general election, has expressed deep concern over the worsening economic situation in Nigeria, warning that the country is on the brink of collapse. Obi made these comments during his address to party members at the ongoing National Executive Council (NEC) meeting in Abuja on Wednesday. In his speech, Obi underscored the severity of the nation’s challenges, pointing to alarming economic indicators that reflect a steady decline in the living standards of ordinary Nigerians. “Do not fear anybody. Those who were afraid yesterday didn’t do any better,” Obi said,…

Senior Advocate of Nigeria (SAN), Femi Falana, has begun efforts to ensure that Nigerians detained in police stations across the country receive prompt legal assistance and that their families are quickly informed of their whereabouts. Speaking at a recent event in Kano, Falana revealed that he has initiated discussions with the Attorney General of the Federation to establish legal aid desks in all police stations across the country. The announcement was made during the Capacity Building and Workshop on Training of Prosecutors on the Effective Administration of Criminal Justice, which was organised by Kurwa Hussaini in collaboration with the State…

By Alade Adisa The suspended Senator representing Kogi Central, Natasha Akpoti-Uduaghan, has instituted a N5 billion defamation case against her colleague, Onyekachi Nwaebonyi for alleging that she had six children for different men. In the process she filed through her team of lawyers led by a Senior Advocate of Nigeria, SAN, Mr. M. J. Numa, Senator Akpoti-Uduaghan described Nwaebonyi’s claim as false, saying it was a deliberate attempt to tarnish her reputation. She told the High Court of the Federal Capital Territory, FCT, that Nwaebonyi who represents Ebonyi North Central Senatorial District, had severely injured her reputation, causing her considerable…