DP World, a global leader in maritime logistics, has unveiled plans to invest in a multibillion-dollar port project in Nigeria. Stanley Nkwocha, Senior Special Assistant on Media and Communications to Vice President Kashim Shettima, said the announcement was made during a meeting between Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and VP on the sidelines of the ongoing United Nations General Assembly in New York. DP…

Vice President Kashim Shettima has lauded ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, calling it a strong endorsement of the administration’s economic reforms and investment-friendly policies. According to a statement by Mr Shettima’s Senior Special Assistant on Media and Communications, Stanley Nkwocha, this development coincides with another significant announcement: international maritime giant DP World’s plans to launch a multibillion-dollar port project in Nigeria. The Vice President made…

The Economic and Financial Crimes Commission (EFCC), has interrogated the Chairman, Governing Council of the Federal College of Education, Ilawe Ekiti, Prof. Shola Olatunde Adepoju, over corruption allegations during his tenure as Director General of the Forestry Research Institute of Nigeria (FRIN) in Ibadan, Oyo State.Adepoju, who was the Director-General of FRIN from March 31, 2015, to March 31, 2023, had been accused of diverting government properties.However, he was appointed…

The Nigerian Senate has officially passed legislation to create the South West Development Commission, a move aimed at addressing the pressing environmental, ecological, and developmental challenges faced by the southwestern region of the country. The new commission is designed to spearhead initiatives that will foster sustainable development and tackle issues such as environmental degradation, inadequate infrastructure, and socio-economic disparities in the area. Senators emphasized the need for targeted interventions to…

The Federal Government has proposed a significant shift in the payment practices of the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA), suggesting that these agencies start collecting all fees, charges, fines, and other payments in Naira rather than in foreign currencies. During a recent briefing at the State House in Abuja, Bayo Onanuga, the Special Adviser to the President on Information and Strategy, announced…

Donald Trump has hit out at Volodymyr Zelenskyy for not negotiating with Russia to end the war in Ukraine, claiming that even the “worst deal” would be better than the current level of death and destruction. Speaking at a campaign rally in North Carolina on Wednesday, Trump said that Ukraine would never be able to replace its “many dead people” and towns and cities destroyed in the war. “Those cities…

Defying all calls for restraint, Israeli Prime Minister, Benjamin Netanyahu has vowed to sustain Israel’s campaign against Hezbollah. The Israeli army has told soldiers to prepare for a possible ground offensive to fight Hezbollah in Lebanon as the air force conducted hundreds of deadly strikes around the country.According to an AFP report, a top military chief, Lieutenant General Herzi Halevi told a tank brigade on Wednesday, “We are attacking all…

The Central Bank of Nigeria (CBN) has approved the sale of an additional $20,000 to each eligible Bureau de Change operator (BDC).A circular by the Acting Director of the CBN’s Trade & Exchange Department, Dr. W.J. Kanya disclosed the development on Wednesday.According to the circular, the CBN approved the sale of $20,000 per eligible BDC at N1,590 per US dollar, which is N10 higher than the previous rate for the…

Newly-appointed Chief Justice of Nigeria (CJN), Kudirat Kekere-Ekun, has said lawyers who comment on matters under judicial consideration, will henceforth, be decisively dealt with.Speaking when she appeared before the senate for screening as CJN on Wednesday, Kekere-Ekun said those who engage in such acts will no longer have anywhere to hide.The 23rd CJN said, “Speaking on social media, condemning the judiciary, commenting on cases that are sub-judice will not have…

Ahead of the cabinet reshuffle, President Bola Tinubu has called for fresh scorecards from his 46 ministers, prompting an increase in lobbying efforts among political figures and cabinet members seeking to secure their positions. The Presidency confirmed on Wednesday that the planned cabinet shake-up is imminent, aligning with reports from earlier this month. As speculation grows, many ministers have begun reaching out to their political allies to influence the President’s…

According to information gathered by The New Daily Prime on Wednesday, August 25, 2024, an Area Court at Center-Igboro in Ilorin dissolved the Islamic marriage between Toyin Ajibola and Bashirat Mohammed due to the husband’s financial incapability. The presiding judge, Hammad Ajumobi, while delivering the judgment, noted that although Mr. Ajibola was unwilling to let go of his wife, she needed to find a means of survival and could not…

Former Kogi State Governor Yahaya Bello appealed to President Bola Tinubu on September 25, urging intervention in his ongoing dispute with the Economic and Financial Crimes Commission (EFCC). The EFCC has accused Bello of money laundering, breach of trust, and misappropriation, with allegations totaling N80.2 billion. In a statement released by Ohiare Michael, Director of the Yahaya Bello Media Office, the former governor claimed that the EFCC’s actions were intended…