The Nigerian telecommunications sector recorded an 87% decline in foreign investments for the third quarter of 2024, marking a significant downtrend from the previous two quarters of the year. This is according to the latest capital importation data released by the National Bureau of Statistics (NBS). The NBS data shows that the sector attracted only $14.4 million in capital importation in Q3, a sharp decline from the $113.42 investments recorded…

Major petroleum marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have started lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery. According to various reports, the development follows an agreement reached between IPMAN and the refinery last month. NEW DAILY PRIME has gathered that IPMAN members have so far lifted millions of litres of petrol from the Dangote refinery located in the Lekki free…

President Joe Biden of the United States has said his administration would engage with “all Syrian groups” over the political transition. Biden’s stand comes after the fall of President Bashar al-Assad’s government, which was toppled by Islamic rebels in the country over the weekend. The rebels entered Damascus and seized control of the nation’s capital on Sunday, ending Assad’s family’s iron-fisted rule that has lasted for over 13 years of…

Nigeria’s contributory pension assets have experienced a significant growth of N4.26 trillion between October 2023 and October 2024, representing a 24.14% increase. According to the latest data from the National Pension Commission (PenCom), the value of pension assets stood at N21.92 trillion by the end of October 2024, up from N17.66 trillion during the same period in 2023. PenCom’s monthly report highlights that while the overall value of pension assets…

The federal government has firmly rejected claims that the proposed tax reform bills are designed to marginalise Nigeria’s northern region, stressing that the bills are intended to foster national growth and fiscal sustainability. Speaking on Politics on Sunday, December 8, a TVC programme, the Secretary to the Government of the Federation (SGF), Senator George Akume, described the reforms as “pro-poor” and “nationalistic.” He urged critics to assess the bills’ intent…

The Secretary to the Government of the Federation (SGF), Senator George Akume, has called on Northern politicians with presidential ambitions in 2027 to wait until 2031, when President Bola Tinubu is expected to complete his second term. Akume made the remarks during an appearance on Television Continental’s Politics on Sunday, December 8 programme, hosted by Femi Akande. The SGF emphasised that those eyeing the presidency in the upcoming election should…

Vice President Kashim Shettima says the Federal Government is working to establish a national youth development bank and a youth data bank.He said this at the 60th anniversary celebration of the National Youth Council of Nigeria (NYCN) in Port Harcourt.Shettima, represented by his Technical Adviser on Women and Youth Engagement, Hauwa Liman, said that the youth development and data bank would ensure that young Nigerians had the resources, information and…

JBS S.A. a Brazilian multinational company, one of the largest meat processing firm, will visit Kebbi on Dec. 9, to evaluate potential areas of collaboration and investment on livestock enterprise.The Kebbi Commissioner for Animal Health, Husbandry and Fisheries, Alhaji Kabiru Usman-Alaramma, made this known while briefing newsmen in Birnin Kebbi on Sunday.“Today, I am here to share exciting development, which is a result of a trip earlier this year to…

Ghanaian actor, businessman and politician, John Dumelo has won parliamentarian seat in West Wuogon, Ghana. John is the first NDC candidate to win a seat in that part of Ghana after 24 years. Mr. Dumelo is one of the biggest producers of coco yam in Ghana and this is his second time to contest for a seat.

The Nigerian government has restated the need for citizens to patronize and promote goods made in Nigeria for the sustainable economic development of the country. The Permanent Secretary, Special Services Office and the Supervising Permanent Secretary, Political and Economic Affairs Office in the Office of the Secretary to the Government of the Federation, Mohammed Sanusi Danjuma made the call Saturday at the Regional and State Coordinators Conference of Made-in-Nigeria in…

More facts have emerged on the reasons behind the sealing-off of the entrance gate leading to the palace of the Emir of Kano, Muhammad Sanusi II, on Friday. Though the Nigeria Police were yet to speak on the matter, a reliable source disclosed that the action carried out by law enforcement agencies was aimed at preventing the breakdown of law and orders in Bichi town, where Emir Sanusi was scheduled…

A lawyer and his niece have been rescued from kidnappers by operatives of the Akwa Ibom State Police Command. According to a trending video, the victims were rescued when the operatives stormed an underground tunnel in a forest, where the victims were held hostage. The operatives, acting on a tip-off closed in on the place where the lawyer and his niece were kept and strenuously lifted a slab which was…