Author: Prima News

Once again, Nigeria’s education sector has been thrown into uncertainty as another strike action emerges from the university system. This time, the University of Lagos is already feeling the impact. The question echoing across the country remains simple yet deeply troubling: what kind of leadership is Nigeria truly running? It is difficult to understand how authorities can approve salary increases for university lecturers and then expect universities themselves to bear the financial responsibility without providing the necessary funding. How can such a policy be announced without a clear financial framework for its implementation? This contradiction reflects the policy inconsistency that…

The Nigerian stock market extended its mild corrective phase on Wednesday, March 12, 2026, as profit-taking in high-cap industrial and bond-linked counters weighed on the benchmark index. Data from Nigerian Exchange Limited showed that the NGX All-Share Index (ASI) declined from 196,066.11 points in the previous session to 195,898.53 points, representing a 167.58-point loss or 0.09 percent decrease. Market capitalisation dropped by ₦108 billion from ₦125.858 trillion to ₦125.750 trillion. Liquidity Analysis Investors exchanged 671.27 million shares valued at ₦26.13 billion in 58,792 deals. Compared to recent sessions: The subdued transaction value indicates reduced buying aggression and cautious positioning near…

…the recurring pattern of surprise attacks on military bases and the tragic loss of experienced commanders demand urgent strategic reassessment. While the Nigerian military continues to record operational successes, insurgent groups have demonstrated their ability to adapt through guerrilla tactics. To sustain momentum in the counter-insurgency campaign, authorities must reinforce military formations, strengthen intelligence networks and enhance community collaboration. It is beyond debate. War is not won merely through the strength of numbers or the size of an army. History has repeatedly shown that strategy, surprise and deception often determine the outcome of battles. In modern asymmetric conflicts, smaller and…

Nigeria’s T’Digress lost 77-60 to South Korea in their second game at the 2026 FIBA Women’s World Cup Qualifying Tournament. Korea won the keenly contested first quarter 20-16. Nigeria fought back in the second quarter, fighting to draw 16-16 but the Korea went into the half time break with a four-point lead. Korea seized the initiative again in the third quarter edging it 22-19. The Asians champions took apart the D’Tigress in the fourth quarter, winning it 19-9. D’Tigress, who whitewashed Colombia 70-37 in their first game, will next face Philippines on Saturday. Source link

Novak Djokovic congratulated Jack Draper after their encounter at the Indian Wells Open, where the British star secured a hard-fought victory. The match was a tightly contested battle in the California desert, eventually decided by a third-set tiebreak, with Draper overcoming the 24-time Grand Slam champion in an intense three-set clash. Despite the defeat, Djokovic was quick to praise his opponent both in his post-match press conference and later on social media. “I mean, he’s been playing at a great level, actually. I have watched him a little bit, had some highlights in Dubai that he has played there a…

The global demand for electricity is growing at a vertiginous rate. By 2035, it is expected that it will increase by more than 10,000 terawatt-hours, equivalent to the total consumption of all advanced economies today. The rise of artificial intelligence has a large part to play: AI technology is powered by data centres and the electricity consumption a medium-sized data centre is equivalent to that of 100,000 households. According to the International Energy Agency, data centres demand increased by more than three quarters between 2023 and 2024 and is expected to account for over 20  per cent of electricity‑demand…

Years ago, a dashing and genteel young man called Casanova de Seingalt met a ravishing young lady called Kudi. The young man met Kudi during turbulence, when alliances were a scarce commodity, and one needed a paisano to overcome the hellscape. Throughout the blizzard, Kudi stood firm like a totem pole. Knowing full well that one good turn deserves another, the loving young man promised to walk down the aisle with Kudi as compensation for loyalty. Sadly, the promise made 106 years ago was never kept, even as the unfulfilled promises, heartbreak, and trauma continue to pervade our world. The…

Nigeria’s PalmPay is expanding its network of physical offices as it seeks to broaden financial inclusion, a move that underscores the limits of purely digital banking in the country. The fintech, which now operates 28 offices nationwide, says the expansion is aimed at bringing financial services closer to communities often overlooked by traditional banks. Speaking at the opening of a new office in Lagos, Managing Director Chika Nwosu argued that effective financial inclusion requires more than an app. “A strong operational presence complements digital innovation,” he said in an email to The PUNCH, noting that the network helps improve customer…

FG has suspended petrol import licences again as local refineries meet Nigeria’s fuel demand. NewsOnline Nigeria reports that the Federal Government has again suspended the issuance of petrol import licences as increasing local refining capacity continues to meet Nigeria’s domestic fuel demand. The development was disclosed in a statement shared by Dada Olusegun, Special Assistant to the President on Social Media, via his X (formerly Twitter) handle on Wednesday. According to the statement, the suspension has now lasted for two consecutive months, signalling the government’s renewed confidence in locally refined petroleum products. “The Federal Government has suspended the issuance…

The Dollar to Naira black market exchange rate continued its upward movement on Thursday, March 12th 2026, as sustained demand for foreign currency exerted additional pressure on the naira in Nigeria’s parallel market. As of today, black market operators are buying the United States Dollar at ₦1,410 and selling at ₦1,420, reflecting a ₦10 spread between buying and selling rates. The steady increase signals persistent liquidity constraints and heightened demand within the informal foreign exchange segment. The Dollar to Naira exchange rate remains one of the most closely tracked economic indicators in Nigeria because of its direct impact on importation…