Author: New Daily Prime

In a surprise shift that signals the potential for renewed transatlantic dialogue, the European Union has announced a 90-day delay in implementing retaliatory tariffs against the United States, following President Donald Trump’s sudden decision to pause new levies on European imports. The move, confirmed by E.U. officials on Thursday, came just one day after the White House unexpectedly hit pause on its “reciprocal” tariff strategy, which had included plans to impose a 20% blanket tariff on E.U. goods. Instead, that figure has been reduced to 10% for the duration of the negotiation window. President Trump’s reversal came hours after European…

A legal challenge seeking the removal of Vice Admiral Ibokette Ibas (Rtd) as the Sole Administrator of Rivers State, currently being heard at the Federal High Court in Abuja, appears to have been abandoned by President Bola Tinubu, the Attorney General of the Federation (AGF), Prince Lateef Fagbemi, SAN, and other key respondents. At the resumption of proceedings, neither the President nor the AGF was represented in court. However, attorneys representing the states of Lagos, Bayelsa, Taraba, and Edo were present. Counsel to the plaintiff, Mr. Chimezie Enuka, informed the court that all defendants, except the Attorneys General of Zamfara…

By Alade Adisa Acting Vice Chancellors, Rectors, and Provosts of federal universities, polytechnics, and colleges of education can no longer aspire to become substantive heads of such institutions, the Federal Government has said. The government’s position is contained in a statement issued on Thursday by the Federal Ministry of Education in Abuja. The move, aimed at strengthening integrity in the selection of Vice Chancellors, Rectors, and Provosts, became necessary, according to the government, “following a pattern of undue advantage observed over the years, where officers serving in acting capacities often leveraged their positions to influence appointment outcomes, thereby compromising the…

The Dangote Refinery has notified marketers and its customers of a downward revision in its ex-gantry petrol loading price, reducing the rate to ₦865 per litre. This represents a ₦15 reduction from the ₦880 per litre at which the facility was selling as of Wednesday. The refinery communicated the revised price in a customer notice issued on Thursday, April 10, morning. A Pro forma invoice sighted by our correspondent, along with confirmation from petroleumprice.ng, verified the adjustment. Earlier in the week, marketers had indicated that a price cut from the 650,000-barrel-per-day refinery was expected by the weekend, a move anticipated…

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…