Author: New Daily Prime

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to maintain the country’s benchmark interest rate at 27.50% following its 299th meeting in Abuja. CBN Governor, Olayemi Cardoso, made the announcement on Thursday, highlighting that the committee unanimously agreed to keep key monetary parameters unchanged as it evaluated the economic outlook for 2025. The CBN also kept the asymmetric corridor around the MPR at +500/-100 basis points, the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks, and the Liquidity Ratio at 30%. This decision marks a pause after…

Football lovers, the excitement is building as Manchester City faces off against Liverpool in one of the most anticipated Premier League clashes of the season! Scheduled for 23rd February 2025 at 17:30 GMT, this showdown promises high stakes, tactical brilliance, and heart-pounding drama. And here’s your chance to be part of the action! With the New Daily Prime Match Prediction Challenge, you can win ₦10,000 by predicting the outcome of this thrilling encounter. Manchester City vs Liverpool: A Rivalry Reborn The rivalry between Manchester City and Liverpool is legendary, but this time, the stage is set for a new twist.…

The Inspector-General of Police, Kayode Egbetokun, revealed on Tuesday, February 18, that his administration inherited a staggering 13-year backlog of unresolved insurance claims for the families of deceased police officers. Egbetokun made the disclosure during the unveiling of the Police Insurance Claims Management Portal and the presentation of cheques to beneficiaries and next-of-kin of fallen officers in Abuja. In his address, Egbetokun stated that the backlog, which spanned from 2010 to 2023, had left many families in financial hardship. He described the situation as “unacceptable” and underscored the commitment of his administration to address it. “At the outset of this…

The Chief of Staff to the Alaafin-designate, Rotimi Osuntola, has firmly declared that there are no hindrances to the planned coronation of Engr. Akeem Abimbola Owoade as the 46th Alaafin of Oyo. The event is set to take place on April 5, 2025, at the Olivet Baptist High School in Oyo. In a statement issued on Tuesday, Osuntola assured the public that all necessary arrangements for the coronation are in full compliance with historical traditions and that recent reports suggesting delays due to the absence of the Apetunmodu of Ipetumodu are unfounded. The controversy arose after news emerged that Oba…

The Ogun State Police Command has rejected claims by controversial musician Habeeb Okikiola, popularly known as Portable, that he is receiving psychiatric treatment at the Federal Neuropsychiatric Hospital, Aro, Abeokuta. Portable made the statement in a video on Tuesday, February 18, appealing to Nigerians and the Ogun State Government after being declared a wanted man by the police. In the video, Portable described himself as a “madman” and claimed he was undergoing treatment for his mental health at Aro Psychiatric Hospital, further asserting that he feared government authorities. He appealed to the public to understand his condition, insisting that he…

The apex Ijaw socio-cultural organisation, the Ijaw National Congress (INC) has declared three days of mourning to honour late Chief Edwin Kiagbodo Clark. President of the INC, Prof Benjamin Okaba, who disclosed this in a statement Tuesday night in Yenagoa also called on Ijaw people at home in the diaspora to fly the Ijaw national flag at half mast during the mourning period. He described the demise of Pa Clark as a huge loss to Nigeria, the Ijaw nation and the Niger Delta. The statement read: “It is with profound sadness that we announce the passing of our beloved leader…

The Russian president thinks he is a better poker player Judged by the din of Russian propaganda, Vladimir Putin has never been closer to winning his war on Ukraine. Yet three years after his invasion, it is not clear what “win” means. His goals are elusive. His “special military operation” was planned in secret. His government was kept in the dark, as were the Russian people. Mr Putin talks of defending Russian sovereignty, but what happens next depends in part on factors outside his control: politics in Ukraine, Europe’s re-armament effort, and above all Donald Trump. Negotiations with the Trump administration began formally…

The Neuropsychiatric Hospital Aro, Abeokuta, Ogun State, have said it would be meeting tomorrow over the claim of Nigerian singer Habeeb Okikiola (Portable), stating he is a patient of the hospital. The claim of Portable comes after police in Ogun State declared him wanted. The “Zazu” singer in a video on Tuesday, February 18, 2025, said he is a patient at the Neuropsychiatric Hospital Aro and is currently receiving reatment for his mental health. Earlier, the singer was involved in an altercation with three officials from the Ogun State Ministry of Physical Planning and Urban Development, Ota Zonal Office. The…

By Alade Adisa Former President Chief Olusegun Obasanjo, High Chief Government Ekpemupolo (Tompolo), and the Ijaw Diaspora Council (IDC) were among the individuals and groups who mourned the passing of former Federal Minister of Information, Chief Edwin Kiagbodo Clark. Obasanjo, in his statement, lamented the depletion of Nigeria’s ranks of patriotic leaders, particularly at such a crucial time when their wise counsel and rich experience are greatly needed. In his condolence message on the passing of Chief Clark, barely four days after the demise of Chief Ayo Adebanjo, Obasanjo described the late elder statesman as a great brother and friend,…

Damilola Olufemi The demise of one of Nigeria’s elder statesmen, Chief E. K. Clark, on Monday, February 17, 2025, came as a rude shock to many. His passing sent ripples through the nation, particularly among the Ijaw ethnic nationality and Nigeria at large. Pa E. K. Clark was not just a political colossus, an accomplished lawyer, and a nationalist; he was also a powerful and unwavering voice against injustice, oppression, and marginalization. His resolute commitment to righting the historical wrongs inflicted on the oil-rich yet impoverished Niger Delta earned him the title of the undisputed Ijaw and Niger Delta National…