Author: New Daily Prime

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…

By Alade Adisa The Academic Staff Union of Universities (ASUU), Lagos Zone, has said there is a world of difference between the Tertiary Education Trust Fund (TETFund) and the Nigeria Education Loan Fund (NELFund), therefore, the administration of President Bola Tinubu should not kill the former for the latter. The Zonal Coordinator, Prof. Adelaja Odukoya, stated this while briefing the press in Lagos on the Tax Reform Bills before the National Assembly and how they affect the education sector. He added that lecturers would do everything possible to ensure that TETFund is not sacrificed on the altar of making NELFund…

By Michael Damilola Already-imprisoned former Pakistan Prime Minister Imran Khan has been sentenced to 14 years in jail by a Pakistani court after finding him guilty of corruption. The case centres on the misuse of authority and corruption involving Khan’s Al-Qadir University project trust. He had faced charges of bribery involving land in return for a £190 million money laundering favour to Malik Riaz, a real estate tycoon, marking the fourth major case the former PM has been convicted for. In January 2023, three previous convictions bothered on selling state gifts, leaking state secrets, and unlawful marriage, among other pending…

Chairman of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has announced that remittances from Nigerians living abroad have exceeded $90 billion in the past five years. During her budget defence before the National Assembly Joint Committee on Diaspora on Thursday, January 16, she revealed that in December 2024 alone, remittances amounted to at least N60 billion, highlighting the vital role of the diaspora in Nigeria’s development. Dabiri-Erewa praised the diaspora as a powerful resource and emphasized their growing significance as ambassadors of the country, stating that Nigerians abroad have the potential to change the global narrative about Nigeria. She…

The Nigerian Security and Civil Defence Corps (NSCDC) Federal Capital Territory (FCT) Command has arrested 36 scavengers in Abuja for their alleged involvement in various criminal activities, including vandalism and theft of public infrastructure. The arrests were made as part of an ongoing crackdown on scavengers, locally referred to as Baba Nbola, in different parts of the city and its suburbs. Addressing the press on Friday, FCT Commandant Olusola Odumosu revealed that the arrests followed a directive from the FCT Minister, Nyesom Wike, to ban scavenging activities in the territory and suspend commercial operations in Pantaker Markets for two weeks.…

The crisis within the People’s Democratic Party (PDP) intensified as acting National Chairman, Umar Damagum, clarified that the National Working Committee (NWC) had not yet convened to address the court ruling concerning the Rivers State Executives. This statement came in response to claims made by the party’s National Publicity Secretary, Debo Ologunagba, which were refuted by the Deputy National Publicity Secretary, Ibrahim Abdullahi, at a press conference in Abuja on Friday. Abdullahi expressed concern over Ologunagba’s recent actions, accusing him of acting out of personal interest. The ongoing conflict between Rivers State Governor Siminalayi Fubara and his predecessor, Nyesom Wike,…

Coca-Cola has launched its Coke Studio ‘Beat the Drop’ campaign, offering exciting prizes worth N70 million, including all-expenses-paid trips to South Africa. The campaign, which began in December 2024, has already seen four lucky winners secure trips to South Africa, while 20 participants have each won N1 million, according to a recent statement from the brand. Yusuf Murtala, Senior Director of Frontline Marketing at Coca-Cola Nigeria, expressed excitement about the impact of the initiative, saying, “Congratulations to those that have participated and won so far. We are excited to see lives changing through Coke Studio. We want to encourage Nigerians…

The ongoing crisis within the Rivers State chapter of the Peoples Democratic Party (PDP) escalated on Thursday when the police took control of the party’s secretariat on Aba Road in Port Harcourt. This move came after both factions of the party – one led by Aaron Chukwuemeka, loyal to the Minister of the Federal Capital Territory, Nyesom Wike, and the other led by Robinson Ewor, aligned with Governor Siminalayi Fubara – made competing claims to resume control of the office. The dispute was fuelled by a recent court ruling. On January 13, 2024, Justice Stephen Jumbo of the state High…

President Bola Tinubu has expressed deep sorrow at the passing of Adewunmi Onanuga, the Deputy Chief Whip of the House of Representatives and representative for the Ikenne/Sagamu/Remo North Federal Constituency in Ogun State. Onanuga died on Wednesday following a brief illness, according to reports. In a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, on Friday, President Tinubu paid tribute to the late lawmaker, describing her as a devoted public servant and a trailblazer for women in politics. Also, Peter Obi, the 2023 Presidential Candidate of the Labour Party, has expressed his deep sadness following…

The federal government is set to install solar power panels in public higher institutions in the country to help reduce the burden of high power bills the institutions are paying monthly.President Bola Tinubu said this on Thursday during the 55th graduation ceremony of the University of Lagos, UNILAG. He was represented by the Minister of Education, Dr Tunji Alausa.  “My administration recognizes that education is the cornerstone of national development. It is the bedrock upon which a prosperous society is built. This understanding is reflected in our policies and investments in the education sector.”In the proposed 2025 Budget, we have…