Author: New Daily Prime

Aliko Dangote questions viability of Nigeria’s state-owned refineries after \$18bn spent.

By Damilola Olufemi The Dangote Petroleum Refinery has reduced the loading price of Premium Motor Spirit (PMS), also known as petrol from N950 to N890. The refinery’s spokesperson, Anthony Chiejina, made this known in a statement on Saturday, adding that the reduction takes effective from Saturday, 1st February 2025. He noted that the strategic adjustment is a direct response to the positive outlook within the global energy and gas markets, as well as the recent reduction in international crude oil prices. Chiejina explained that the price reduction demonstrates the refinery’s unwavering commitment to transparency and fairness. Read also: Marketers may…

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Obasa’s impeachment deepens APC crisis as opposition parties woo him. He seeks Tinubu’s help, while supporters push for reinstatement amid rising tensions. The removal of former Speaker of the Lagos State House of Assembly, Mudashiru Obasa, continues to create divisions within the All Progressives Congress (APC) in Lagos State. The impeachment, which took place on January 13, 2025, was carried out by a majority of lawmakers who accused Obasa of misconduct and financial misappropriation. Since then, tensions have escalated within the party’s ranks, with conflicting reactions from key political stakeholders. Members of the Governance Advisory Council (GAC), the highest decision-making…

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afrobeats

By Damilola Olufemi Over the past decade, Nigerian music has experienced a remarkable surge in popularity, with Afrobeats emerging as a major attraction on the global music scene. This genre, characterized by its unique blend of traditional Yoruba music, jazz, fuji, and funk, has captivated audiences worldwide, catapulting Nigerian artists to international stardom. Afrobeats’ global rise can be traced back way to the 1960s and 1970s, when legendary musicians like Fela Kuti and King Sunny Adé pioneered the genre. Their innovative fusion of traditional Nigerian music with Western influence laid the groundwork for future generations of artists. In the 2010s,…

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The Department of State Services (DSS) interrogated several members of the Lagos State House of Assembly on Thursday, January 30, in connection with a petition filed by the former Speaker, Mudashiru Obasa, regarding his removal from office earlier this month. According to sources close to the investigation, more than half of the Assembly’s lawmakers were questioned for several hours before being released in the evening. The DSS inquiry followed Obasa’s claims that his removal on January 13 over allegations of misconduct, abuse of office, and financial mismanagement, was unlawful. A source within the DSS, speaking on condition of anonymity, told…

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The Director-General of the National Youth Service Corps (NYSC), Brigadier General Yushau Ahmed, has announced a significant increase in the monthly allowance for corps members, confirming that starting in February 2025, they will receive N77,000 instead of the current N33,000. Ahmed made the announcement on Thursday, January 30, during an address to the 2024 Batch ‘C’ Stream II corps members in Katsina State. He explained that the allowance increment is part of the 2025 Federal Government budget and would take effect once the budget is passed. “Although this month (January) has already ended, once the budget is passed, by next…

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The Africa Centres for Disease Control and Prevention (Africa CDC) has called on African leaders to implement innovative financing mechanisms and ramp up domestic investment in public health, warning that failure to act could undo years of progress and lead to catastrophic health and economic consequences for the continent. In a statement released on Friday, January 31, the Africa CDC highlighted an alarming increase in health emergencies across the continent. The number of outbreaks surged from 153 in 2022-2023 to 242 in 2024, raising concerns about the potential for another pandemic to emerge from Africa. These challenges are compounded by…

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Twelve governors under the platform of the Peoples Democratic Party (PDP) are currently in a closed-door meeting in Asaba, Delta State. Sources reveal the emergency meeting is not related to the party’s internal crisis, though details remain scarce. The governors, who arrived at the Government House in Asaba late last night, have been in discussions since then. Journalists are awaiting further updates on the outcome of the meeting. Details to emerge later……

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Former presidential candidate and economist, Kingsley Moghalu, has called for African countries to focus on funding healthcare from their own resources instead of relying on foreign aid. In a statement shared on Friday via X, Moghalu criticised the continent’s dependence on external assistance for healthcare interventions, calling it an unsustainable strategy. His remarks follow the U.S. withdrawal from the World Health Organisation under former President Donald Trump, which Moghalu described as a “wake-up call” for African nations to take greater responsibility for their healthcare systems. “African countries must make funding for healthcare from their own resources a priority,” Moghalu said.…

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The European Union (EU) has announced a €300,000 grant over three years to strengthen the European Chamber of Commerce (Eurocham) Nigeria’s secretariat, enhance its advocacy efforts, and boost engagement with key stakeholders. EU Ambassador to Nigeria and the Economic Community of West African States, Gautier Mignot, unveiled the grant during Eurocham’s 25th Annual Stakeholders Conference in Lagos. He described the financial support as a significant step in fostering stronger EU-Nigeria trade relations. “This financial support will allow the Chamber to strengthen its Secretariat’s administrative capacity and expand its external activities and advocacy work on behalf of its members,” Mignot said.…

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The Department of State Services (DSS) on Thursday questioned multiple lawmakers from the Lagos State House of Assembly over the recent impeachment of Rt. Hon. Mudashiru Obasa, the former Speaker of the House. Obasa was removed from office on January 13 following allegations of misconduct, abuse of office, and financial mismanagement. According to The New Daily Prime, Obasa insists that his removal was unlawful and has petitioned the DSS, requesting a thorough investigation into the impeachment process. Sources confirmed that more than half of the lawmakers who participated in the impeachment were summoned and questioned for hours on Thursday before…

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