Author: New Daily Prime

The Nigerian government has indicated that it may review its 2025 budget of N54.99 trillion in response to recent tariff actions by the President of the United States, Donald Trump, which have caused turmoil in global trade. Wale Edun, Nigeria’s Minister of Finance, made the announcement during a press conference at the inaugural Corporate Governance Forum in Abuja, organised by the Ministry of Finance Incorporated. According to Edun, the country’s economic management team, which includes key stakeholders from both the public and private sectors, will assess the evolving situation and propose strategies to mitigate the risks and adapt to the…

The Julius Abure-led National Executive Council (NEC) of the Labour Party (LP) has accused Governor Alex Otti of Abia State of engaging in anti-party activities, alleging that he is attempting to destabilise the party ahead of the 2027 governorship elections. The party claims that Otti plans to weaken the LP before defecting to another party to contest the upcoming elections. These allegations were raised during a NEC meeting held on Monday at the party’s Secretariat in Abuja. A statement issued after the meeting, signed by Abure and the National Secretary, Umar Farouk Ibrahim, accused Governor Otti of violating the party’s…

President Bola Tinubu’s Special Adviser on Economic Affairs, Tope Fasua, has stated that the current levels of poverty in Nigeria are deeply rooted in the country’s history, dating back to the pre-Independence era. Fasua made these comments on Tuesday, April 8, during an appearance on Arise TV’s Morning Show, where he also acknowledged the ongoing surge in hunger across the nation. Fasua pointed out that poverty in Nigeria is not a new phenomenon, but rather an inherited issue that has persisted for generations. He noted that while poverty is a global issue, Nigeria’s unique historical context has made it particularly…

Omoyele Sowore, the convener of the Take-It-Back movement, has firmly rejected any plans to join a proposed coalition of former presidential candidates, Atiku Abubakar and Peter Obi, ahead of the 2027 general election. Sowore made his position clear in an interview with Arise TV’s Politics Today, stating that he would not align with the Social Democratic Party (SDP) or participate in the coalition being discussed by opposition figures. Sowore expressed his discontent with such coalitions, arguing that they are essentially repeating the same mistakes that led to the formation of the All Progressives Congress (APC) coalition in 2013 and 2015. …

Oil stocks have taken a significant hit as US President Donald Trump’s new tariffs, combined with increased production from OPEC+, led to a sharp decline in global oil prices, marking some of the lowest levels in years. Analysts have also revised their oil price forecasts for 2025 downward, predicting weak demand due to the ongoing trade war and the additional supply from OPEC+. BusinessDay’s analysis reveals that the Dow Jones US Oil & Gas Index dropped nearly 9% on Friday, with a 15.8% loss over the past two days. Similarly, the S&P Oil & Gas Exploration & Production Select Industry…

As President Donald Trump promises “Liberation Day” for the American economy on April 2nd, many U.S. businesses say the reality feels more like a hostage situation. That’s the date Trump has vowed to introduce a sweeping new round of global tariffs, which he claims will free American industry from unfair foreign competition. But for most business owners, manufacturers, and trade experts, the uncertainty surrounding the administration’s plans is stifling investment, clouding forecasts, and increasing the risk of economic slowdown. “Liberation” is proving expensive. Tariff Confusion Creates Corporate Paralysis Initially billed as “reciprocal tariffs” aimed at countries that overcharge U.S. exporters,…

Washington, April 7 — In a closely watched decision, the U.S. Supreme Court on Monday ruled in favor of former President Donald Trump’s administration, allowing it to utilize a centuries-old wartime law — the Alien Enemies Act of 1798 — to deport alleged Venezuelan gang members. However, the court imposed key legal safeguards to ensure due process. In a narrow 5-4 ruling, the court granted the administration’s request to lift a lower court order by U.S. District Judge James Boasberg, which had temporarily halted deportations under the 1798 law. The justices made clear that while the executive branch may proceed…

By Hannah Furness The couple will celebrate their 20th wedding anniversary at a state banquet The King and Queen are spending their 20th wedding anniversary in Rome, posing for a photograph to mark the milestone. The new photographs of King Charles III and Queen Camilla were taken at Villa Wolkonsky, the British Ambassador’s residence. They were photographed hours after landing on Monday evening, in the Villa’s grounds, next to the Neronian spur of the Aqua Claudia. The Queen wore a white and beige coat dress by Anna Valentine and a Lily of the Valley brooch that once belonged to the…

By John Bolton It’s not about America, and there’s no connection to the real world What does Trump really intend? What is bluff, braggadocio, and bargaining and what is not? Because he does not have a philosophy or a national-security strategy, and often doesn’t seek pre-conceived objectives, observers from left to right are often confounded. Trump is the very epitome of “transactional,” his one immutable focus being himself. Accordingly, assessing such aberrational behaviour, what’s really happening inside his head, can be nearly impossible. Media, politicians and businesspeople alike frequently persuade themselves he is simply posturing, but are continually surprised by what he…

Lagos, Monday — The Lagos State Police Command has announced the arrest of seven individuals linked to separate murder cases across the state within the past two weeks. Speaking at a press briefing at the Command Headquarters, the spokesperson, Chief Superintendent of Police Benjamin Hundeyin, disclosed a series of tragic incidents that have prompted swift law enforcement responses. Fatal Altercation in Ikotun According to CSP Hundeyin, police officers attached to the Ikotun Division responded to a distress report on March 30, involving a fatal stabbing at Abaranje. A 46-year-old man was allegedly stabbed in the chest with a broken bottle…