Author: Prima News

By Dipo Olowookere The Nigerian Exchange (NGX) Limited remained in the red on Wednesday, as it further depreciated by 0.17 per cent due to sustained profit-taking. The Nigerian equities market resumed trading activities yesterday after a one-day break to observe the public holiday declared by the federal government for Tuesday. At midweek, the All-Share Index (ASI) went down by 402.25 points to 238,682.92 points from 239,085.17 points, and the market capitalisation decreased by N260 billion to N154.137 trillion from N154.397 trillion. According to data, the loss was influenced by selling pressure across the major sectors of Customs Street, with the…

Africa must turn its natural resources, market size and technological capacity into bargaining power to secure a stronger voice in the global financial system, experts said on Wednesday at the sixth African Conference on Debt and Development (AfCoDD VI) in Nairobi, Kenya. The event was organised by the African Forum and Network on Debt and Development (AFRODAD). The experts said Africa’s debt burden was not simply a question of how much governments borrow or how they repay their loans. They stated that the problem was also compounded by revenue lost through illicit financial flows, poor returns from natural resources and…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered how some civil servants allegedly helped Adeniyi Adeyemi, the director-general of the now-disowned Presidential Foreign Intervention Promotion Council (PFIPC), to obtain government approvals and gain access to official financial and administrative systems. The findings are contained in the ICPC interim investigation report on the PFIPC saga. The investigation was ordered by President Bola Tinubu after the presidency disowned the organisation and Mr Adeyemi. The investigation shows that the purported agency’s ability to penetrate government structures went beyond the forged documents allegedly presented by Mr Adeyemi. It also depended…

Real Madrid produced a dominant performance at the Santiago Bernabéu, defeating Real Sociedad 4-1 with Kylian Mbappé starring with a sensational hat-trick. Mbappé opened the scoring in the 40th minute before Real Sociedad responded through Luka Sučić just before half-time. The French forward restored Real Madrid’s lead in the 60th minute and completed his hat-trick in the 80th minute. Vinícius Jr also got on the scoresheet in the 68th minute as Madrid pulled away from their opponents. The victory also saw Mbappé reach 101 goal contributions for Real Madrid, highlighting his remarkable impact since joining the Spanish giants. For Real…

UN agencies and humanitarian partners are already providing support to local authorities, said UN Spokesperson Stéphane Dujarric.“The Secretary-General is saddened by the severe flooding that we have saw earlier today in Nepal and in China, which has claimed many lives, left people missing and caused widespread destruction,” Mr. Dujarric said. UN Resident Coordinator in Nepal Lila Pieters Yahia is coordinating relief efforts with partners in support of the government-led response “in an effort to meet what will clearly be massive humanitarian need”, the UN Spokesperson added.Rapid response on the groundAccording to the authorities in Nepal, some 10,000 households are in…

At the height of the Cold War, one very specialized computer was so secret that the world didn’t know it existed. It ran its jobs up to 200 times as fast as any other computer of its time. It was the U.S. National Security Agency’s main cryptographic processor in operation from the time of the Cuban Missile Crisis in 1962 through the Vietnam War and on past the 1975 Helsinki Accords. The machine stopped running only when its moving parts finally gave out.The Harvest computer mattered because of what it was as well as when it ran. For 14 years,…

Nigerian dancer and socialite Iweh Pascal Odinaka, popularly known as Poco Lee, is facing multiple sexual-offence charges in the United Kingdom.Snaresbrook Crown Court in London reportedly confirmed that the entertainer has been charged with attempted rape, two counts of rape and two counts of assault by penetration.The allegations remain unproven, and Poco Lee has not been convicted of any offence. The case will be determined through the UK judicial process.What charges does Poco Lee face?In an official response to an inquiry by NewsOnline, Snaresbrook Crown Court’s Admin Team Leader, James Baker, listed the charges against Poco Lee as:One count of…

By Modupe Gbadeyanka A new purpose-built agentic solution that empowers global institutions to automate complex, end-to-end financial workflows across capital markets and corporate banking has been launched by Google Cloud. The new product, Gemini Enterprise for Financial Services, includes a Google-managed Financial Research agent, more than 50 new skills with specialised agentic instructions for financial roles and workflows, enterprise data connectors, an expanding third-party agent ecosystem, and the foundational Gemini Enterprise platform. It addresses challenges by providing a platform that brings models together with the data, systems, expertise, and the controls required in the financial services industry. Gemini Enterprise for…

Kylian Mbappe scored a brilliant hat-trick to help Real Madrid thrash Real Sociedad 4-1 in La Liga in Jose Mourinho’s first home match back at the Santiago Bernabeu as the club’s coach. Mourinho’s Madrid made it two wins from two with Vinicius Junior also on the scoresheet, while Jude Bellingham provided two assists as the star trio picked apart their Basque visitors. Veteran Portuguese coach Mourinho selected the same side that snatched a late 2-1 win at Espanyol in his first match at the helm last Saturday. Mourinho said it would be tricky but not impossible to get the team’s…

The presidency has again faulted the position of Atiku Abubakar, the presidential candidate of the African Democratic Congress (ADC), who has pledged to restore petrol subsidy if elected president in 2027. Presidential spokesperson Bayo Onanuga said Atiku’s position shows that he either lacks a basic understanding of the policy he is proposing or is deliberately playing politics with the Tinubu administration’s decision to remove petrol subsidy Mr Onanuga said the subsidy removal had significantly improved the fiscal position of the three tiers of government and helped stabilise the macroeconomic environment. He stated this in a statement on Wednesday in response…