Author: New Daily Prime

The Federation Account Allocation Committee (FAAC) has distributed a total of N1.678 trillion among the Federal Government, states, and local governments for the month of February. This was revealed in a communiqué issued on Saturday, MArch 22, by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa. The total revenue of N1.678 trillion consists of several components, including statutory revenue of N827.633 billion, Value Added Tax (VAT) revenue of N609.430 billion, and Electronic Money Transfer Levy (EMTL) revenue of N35.171 billion. Other sources include Solid Minerals revenue of N28.218 billion and…

The Chairperson of Epe Local Government, Hon. Surah Olayemi Animashaun, has spearheaded several transformative initiatives that are making a significant impact on the lives of women in the area. In a bid to shun critics, the chairperson highlighted her achievements, noted that critics were only pushing agenda to sabotage her works for the good people of Epe. With a deep commitment to improving the lives of widows, elderly women, and other marginalized groups, Hon. Animashaun has worked alongside Hon. Bola Lawal, the Supervisory Councilor for Women Affairs and Poverty Alleviation, to prioritise both immediate relief and long-term empowerment strategies for…

By Adeniyi Yusuf The Northern Elders Forum (NEF) has called on President Bola Tinubu to reverse the emergency rule declared in Rivers State. Meanwhile, the Sole Administrator of Rivers State, Vice-Admiral Ibok-Ete Ibas (retd.), has announced the release of withheld local government allocations. Recall that President Tinubu declared a state of emergency in Rivers State, suspending Governor Siminalayi Fubara, his deputy, Ngozi Odu, and members of the State House of Assembly for a period of six months. Also, the President appointed Vice Admiral Ibok-ete Ibas (retd) as the Sole Administrator for the state. Reacting to the situation that unfolded over…

The Federal High Court, located in Lokoja, Kogi State, has given a verdict stopping the Independent National Electoral Commission (INEC) from accepting or acting on petitions to recall Senator Natasha Akpoti-Uduaghan. The senator representing Kogi Central was suspended from the senate on March 6 for “gross misconduct” after a seating arrangement saga with Senate President Godswill Akpabio. Natasha had also accused Akpabio of sexual harassment. The court approved the interim injunction on Thursday after an ex-parte application for an interim injunction, supported by an “affidavit of extreme urgency”. Videos showing constituents signing documents as part of the recall process surfaced…

The Federal Government of Nigeria has reaffirmed its commitment to maintaining an open stance towards cryptocurrency companies, despite filing a lawsuit worth $80 billion against Binance, the world’s largest crypto exchange. The legal action, initiated last month, accuses Binance of causing significant economic losses due to its operations in the country. The lawsuit follows an earlier incident in which Nigerian authorities detained Tigran Gambaryan, a US-based staff member of Binance, as part of an investigation into alleged money laundering activities. Gambaryan was held for eight months before being released, with the charges later dropped. Binance, which ceased all transactions in…

A former councillor from Ifon Orolu in Osun State, identified only as Azeez, has reportedly been killed as violent clashes between the Ifon and Ilobu communities flared up once again over ongoing boundary disputes. The exact circumstances of Azeez’s death remain unclear, but it has been confirmed that he was pronounced dead at the Osun State University Teaching Hospital, Osogbo, early on Friday, March 21. According to a resident of Ifon, who spoke under the condition of anonymity for fear of reprisal, the violence has escalated in recent days, with several houses being destroyed amid the clashes. In a statement,…

The Federal Government has released over 4,000 inmates from correctional facilities as part of efforts to decongest the system, saving the government N1 billion in feeding costs. This was disclosed by the Minister of Interior Dr. Olubunmi Tunji-Ojo on Thursday, March 20 while speaking at the 5th Ministerial Press Briefing in Abuja. He said, “We decongested our correctional centres by five per cent last year,” Tunji-Ojo explained. “Last year, just over 4,000 inmates were released in one day. All we did was conduct a detailed analysis and found that many inmates were there due to petty fines. This project allowed us…

The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a public alert regarding counterfeit Oxycontin 80mg (oxycodone hydrochloride) detected in an unregulated market in Switzerland. The alert, numbered No. 07/2025, was posted on NAFDAC’s website on Thursday, March 20. READ ALSO: IPOB slams NAFDAC for midnight raid on Onitsha drug market The issue of the falsified product was reported to the World Health Organisation (WHO) by the legitimate manufacturer, MUNDIPHARMA, in February. Laboratory tests reveal counterfeit tablets contain synthetic opioid, not oxycodone NAFDAC explained that the counterfeit product resembled the genuine Oxycontin 80mg authorised for sale…

Idea of displacing Palestinian population has been widely opposed, including by countries being approached The US and Israel have approached countries in east Africa about taking in Palestinians from Gaza, as part of President Donald Trump’s plan to evict residents from the war-torn enclave and build a “Riviera of the Middle East”, said three people familiar with the matter. Israeli officials led by strategic affairs minister Ron Dermer have sounded out the governments of Somalia and Sudan, countries wracked by civil war, while US diplomats have been in contact with the breakaway province of Somaliland, the people said. One…

Africa’s most populous country among former crisis-hit economies attracting foreign inflows Foreign investors have flocked to Nigeria’s markets in recent months, as the threat of a US trade war with larger developing economies has sent portfolio managers looking for cover in former crisis-hit frontier markets now on the rebound. The Nigerian naira is among the world’s top-performing currencies since November’s US election with a rise of more than 7 per cent against the dollar, as a turnaround in the continent’s most populous nation — and the lure of yields of 20 per cent to 25 per cent — trigger…