Author: New Daily Prime

The Lagos State Government has revealed that it generated more than $71.6 million in revenue from tourism, hospitality, and entertainment during the 2024 ‘Detty December’ festivities. This impressive sum highlights the growing economic impact of the state’s vibrant cultural scene, with substantial contributions from hotels and short-let apartments. According to the government, hotels alone generated over $44 million, while short-let apartments added a further $13 million to the overall revenue. These figures were shared by the Special Adviser to the Governor of Lagos State on Tourism, Arts, and Culture, Idris Aregbe, during a weekend review of the Lagos State ‘Detty…

Donald Trump and wife Melania have arrived at St John’s Episcopal Church for a prayer service ahead of his inauguration ceremony at midday (5pm GMT). The president-elect’s motorcade departed Blair House, a guest house of the sitting US president located in Washington DC, a short while ago. Mr Trump’s family took their places inside the church before the arrival of the soon-to-be president. After the service, Mr Trump and his wife Melania will be greeted at the executive mansion by Joe Biden and the first lady for the customary tea, before making their way to the Capitol together. After being…

The 47th US president poised to lead backlash against Hague-based court’s ruling on Israeli PM Donald Trump could sanction the International Criminal Court (ICC) this week over its arrest warrant issued for Benjamin Netanyahu, Foreign Office insiders believe. Karim Khan KC, the British lawyer who is the ICC’s chief prosecutor, may be personally targeted in the action, given the fierce criticism of Mr Trump’s allies over his decision. The move could become one of the first points of tension between the US administration under Mr Trump, as he is inaugurated as the US president on Monday, and Sir Keir Starmer. Mr Trump’s…

Fresh blow risks impacting tens of thousands of staff and 14 million customers Santander is reportedly considering leaving Britain over excessive red tape, in a blow that risks impacting tens of thousands of staff and some 14 million customers. The Spanish banking giant is considering pulling out of the UK as part of a strategic review of its future, according to the Financial Times. If executives decide to leave, they would seek a buyer for the lender’s operations here. The extraordinary proposal is said to have been partly triggered by frustration over costly UK rules introduced in the wake of the financial…

By Daniel Johnson ‘Cabrini’ film lead and Gomorrah star Cristiana Dell’Anna travelled to Geneva on Friday to highlight the age-old dangers confronting migrants – and the astonishing Italian missionary who travelled to New York City’s slums at the turn of the last century, determined to protect them. “Being from southern Italy, the migration issue is very close to my heart. Southern Italians have always emigrated throughout history, especially during the Second World War and I have in my family people who have emigrated and I am an emigrant myself,” Ms. Dell’Anna said, ahead of a special screening of her film at…

Hopes are rising that, with the support of the United Nations, the architects of the brutal former regime of Bashar al Assad in Syria will eventually be held accountable for their crimes. For years, UN human rights bodies have been documenting, monitoring and publishing reports on abuses, and bringing Syria’s dire human rights record to the world’s attention. The fall of Bashar al Assad in December 2024 was largely greeted with euphoria by the Syrian people, but images of hundreds of people pouring into the notorious Sednaya Prison, desperately searching for friends or relatives, and testimony from former prisoners, recounting…

One millionaire left Britain every 45 minutes in the year Labour came to power, figures suggest. The UK lost 10,800 millionaires to overseas countries last year, more than double the number in 2023, according to new data. The wealth exodus equates to 30 millionaires leaving a day – approximately one every three quarters of an hour. It comes as Labour plans to abolish centuries-old tax laws that allow foreign investors to reside in Britain while sheltering offshore wealth from domestic taxes. Jason Hollands, managing director of financial advisers Evelyn Partners, said the crackdown made Britain appear “hostile to wealthy people”. “The…

Nigerian president’s economic shock therapy has gutted the middle class and the megacity’s festive party scene. “Detty December” is almost upon Lagos, but you would not know it from the atmosphere in bars and clubs throughout Nigeria’s largest city. Lagos’s world-famous nightlife reaches its raucous peak during the month, when festive abandon by locals coincides with an influx of foreign currency-carrying diasporans. “Detty” is a light-hearted alternative for “dirty” in Nigerian Pidgin. But the worst cost of living crisis in a generation, a product of radical economic reforms introduced by President Bola Tinubu, has gutted the west African country’s…

It is not yet clear that the Gaza ceasefire will even come into force. But, if the war is indeed ending, what has it meant for the world? For Israel, the impact seems double-edged. The country’s leader, Benjamin Netanyahu, can argue that he has turned a national tragedy into a strategic victory. Hamas has been devastated, if not entirely destroyed. Hizbollah, the Lebanese militant group that was the most heavily armed and threatening part of Iran’s “axis of resistance”, has also been debilitated. Iran and Israel have exchanged direct fire. But most of Iran’s missiles failed to get through…

One common thread running through the 2025 year ahead outlooks from banks and asset managers was a near-consensus view that the dollar would strengthen further in the coming 12 months. Like much else in the incoming Trump administration’s agenda, the talk around the value of the greenback has been at times contradictory. Donald Trump himself, together with many of his key trade policy advisers, has long argued that a strong dollar has made American exports pricey, encouraged imports and cost American manufacturing jobs. Others appointed to key jobs, though, such as Scott Bessent, nominated for the post of Treasury…