Author: New Daily Prime

By Clement Abayomi “The only place success comes before work is in the dictionary,” Vidal Sassoon once said. This responds to the reality that success in life does not come quickly or automatically. Riches and wealth can be attained only when effort, time, and hard work are properly put in place. When you invest early, work hard, and spend your time wisely, the reward will be huge. This simple fact mixes with public interest in Seyi Tinubu who has invested in business(es), built connections and commanded influence. As the son of Nigeria’s President Bola Tinubu, experts are evaluating Seyi Tinubu’s…

By Clement Abayomi Nigeria, once labelled by Asari Dokubo as “an artificial entity that should be disbanded”, remains vulnerable to criticism both locally and internationally. In fact, Trump loyalist Elias Gerasoulis, for instance, has recently amplified Dokubo’s sentiment when he declared that Nigeria is “not a true nation, but an artificial neo-colonial construct of the British”. Although many Nigerians see the foregoing as one of the harshest truths that cannot be argued, Nigeria as a nation is far more than an entity joined together in an “unholy marriage” of 1914, far more than a mere dot on the map of…

By Clement Abayomi Abimbola Akeem Owoade became the (46th) Alaafin of Oyo in April 2025, and since then, people have been showing interest in the narrative of his rise to the throne. Many Nigerians are talking about his wealth, looking forward to know: how rich or wealthy is the new Alaafin? Curiosities and impressions have begun to set in, especially since the new Alaafin is modern and well-known globally. This article sets out to look into the question of his net worth. Oba Owoade’s wealth is not just a function of his royal heritage but also a product of a…

The United States dollar displayed a mixed performance against the Nigerian naira on 6 January, maintaining stability at the official market while easing in the parallel segment of the foreign exchange market. Data sourced from the NGNToday platform indicate that the dollar continued to trade at N1,430 at the official window, unchanged from the previous day, while the black market rate declined to N1,460, reflecting a depreciation from levels recorded on 5 January. The contrasting movement highlights the differing forces at play across Nigeria’s foreign exchange landscape. While official rates remain closely managed through administrative controls and selective allocations, prices…

The British pound presented a contrasting picture against the Nigerian naira on Monday, 6 January, as movements at the official and parallel segments of the foreign exchange market diverged sharply.  Following the exchange rate market data obtained from the NGNToday platform reveal that the pound weakened at the official window, exchanging at N1,936, while gaining significant strength in the black market, where it rose to N2,150, compared with rates recorded on 5 January. The opposing trends reflect the complex dynamics currently shaping Nigeria’s foreign exchange environment, where regulated pricing mechanisms coexist with demand-driven informal trading.  Analysts say the pound’s depreciation…

The euro maintained a stable footing against the Nigerian naira on Sunday, January 5, extending the calm seen in the foreign exchange market a day earlier. Figures from the NGNToday platform indicate that the euro maintained its position, exchanging at N1,678 through official channels and N1,705 on the parallel market, with no change from the levels seen on January 4. The unchanged figures reflect a brief pause in market activity, as traders, businesses and investors appear to have adjusted to prevailing price levels. Currency dealers say the steady exchange rate suggests a temporary balance between euro demand and available supply,…

On 4 January, the Nigerian naira experienced continued pressure against the British pound, with significant gaps persisting between official and parallel market rates. Data obtained from the NGNToday platform show that the pound exchanged at N1,925 at the official market, while in the black market it traded at N1,995, reflecting a N70 differential that underscores ongoing foreign exchange pressures in the country. Analysts attribute the widening gap to a combination of strong demand in the informal market and limited supply through official channels. Businesses and individuals who rely on foreign currency for imports, tuition payments, medical travel, and other offshore…

The Nigerian naira came under renewed pressure on 4 January, as the euro continued to strengthen in the country’s parallel foreign exchange market. According to the NGNToday platform, the euro exchanged at N1,705 in the black market, highlighting the ongoing tension between demand and supply for foreign currency. The persistent gap between demand and availability has kept the parallel market active, with traders and importers turning to unofficial channels to meet euro needs.  The pound’s rise reflects continued reliance on foreign currency for overseas education, medical expenses, travel, and import payments, all of which remain major drains on the local…

The Nigerian naira recorded mixed movements against the United States dollar on Saturday, 4 January, as the foreign exchange market continued to reflect underlying pressures from demand-supply imbalances, policy adjustments and market sentiment. Data obtained from the NGNToday platform show that the US dollar exchanged at N1,430 at the official window, while the greenback traded significantly higher at N1,490 in the parallel, commonly referred to as the black market. The N60 differential between the official and parallel market rates underscores the persistent segmentation within Nigeria’s foreign exchange system, despite ongoing reforms by the Central Bank of Nigeria (CBN) aimed at…

Mobolaji Olanike Akinrelere has been nominated for the New Daily Prime 2025 Cultural Promotion Excellence Award in recognition of her distinguished service in promoting Yoruba culture, particularly Ekiti heritage, across the world. Her content is highly educational and impactful. New Daily Prime is a UK-based newspaper with a strong focus on Nigeria and global affairs, and a growing readership across Europe and the United States. The publication celebrates leadership that promotes unity, cultural preservation, peace, and societal stability within Nigeria and across the diaspora. The nomination places her alongside senior political figures and public personalities whose influence has been built not through…