Author: Prima News

António Guterres decried the restrictions on free passage through the crucial chokepoint which is “impeding the delivery of oil, gas, fertilizer, and other critical commodities” and “strangling the global economy.”Setting out three possible trajectories, he said that even if restrictions on shipping and trade were lifted immediately, “supply chains will take months to recover,” with global growth falling from 3.4 to 3.1 per cent, inflation rising to 4.4 per cent and trade slowing sharply.“And a world still reeling from the shocks of a pandemic and the war in Ukraine will endure further economic distress. This is the best-case scenario,” he…

My thesis in this piece is that Nigeria urgently needs a developmental state and a renegotiated terms of engagement with development partners (especially with such multilateral institutions like the World Bank and IMF, while deploying economic diplomacy with bilateral institutions) in a measure that significantly enables the government to wade through the binding constraints and developmental limitations obstructing the benefits of democratic governance for Nigerians. To achieve this demand significant dose of political will, ideological focus, and theoretical as well as conceptual analyses and nuancing to get the discourse right. I hope this piece will further contribute to that attempt…

While global headlines focus on Bitcoin volatility or NFT speculation, something practical and transformative is happening across the continent: stablecoins are solving real problems that traditional financial infrastructure cannot. Stablecoins accounted for 43% of total cryptocurrency transaction volume in sub-Saharan Africa in 2024. Nigeria emerged as the largest market, recording nearly $22 billion in transactions between July 2023 and June 2024. This isn’t speculative trading, it’s businesses using USDT and USDC for cross-border payments, individuals storing value, and developers building financial services on stablecoin infrastructure. Here are eight use cases for stablecoin infrastructure and how they can reshape African finance.…

The 2023 presidential candidate of the African Democratic Congress, Dumebi Kachikwu, on Thursday maintained that the Supreme Court did not recognise or endorse any faction in the lingering leadership crisis rocking the party. Kachikwu made the clarification in a statement made available to journalists in the wake of the apex court’s verdict. The ADC chieftain stressed that the decision to return parties to the trial court showed that the judiciary refused to be drawn into what he described as attempts to destabilise the party. He explained that by vacating the order of status quo ante bellum, the court merely allowed…

FCMB Group Plc has announced a delay in the release of its Q1 2026 unaudited financial statements, citing pending regulatory approval of its 2025 audited accounts by the Central Bank of Nigeria. In a notice to the Nigerian Exchange Limited and investors, the group stated that it cannot publish its first-quarter results until the 2025 audited financial statements are approved and filed as required under regulatory guidelines. While the company indicated that both the 2025 audited results and Q1 2026 statements are expected on or before May 31, 2026, the development raises concerns around regulatory clearance timelines and financial transparency.…

The governors-backed Peoples Democratic Party camp has insisted that the party is currently without a National Working Committee following the Supreme Court judgment. The faction also announced that the Board of Trustees will convene an emergency meeting on Sunday ahead of a National Executive Committee meeting scheduled for Monday to determine the party’s next line of action. Announcing this after an expanded PDP National Caucus meeting in Abuja on Thursday, the BoT National Secretary and former Niger State Governor, Babangida Aliyu, explained that the Supreme Court nullified the November 2025 convention that produced the Tanimu Turaki (SAN)-led NWC, while also…

Nine migrants from four African countries arrived this week in Cameroon after being expelled from the United States, part of a deal between the two countries, one of their lawyers told AFP on Thursday. The deportees arrived Wednesday and were from Ghana, Angola, Ethiopia and Congo-Brazzaville. Cameroon is among several African countries that have agreed in recent months to participate in a controversial scheme allowing the United States to send undocumented migrants to third countries when there are impediments to sending them to their own country. The six women and three men who arrived Wednesday were part of the third…

News » Premier League news » Chelsea newsApril 30, 2026 20:46 GMT (UK), by Sri Aswin View Chelsea summer 2026 transfer targets Jackson to be sold by Chelsea Chelsea are widely expected to part ways with striker Nicolas Jackson when the transfer window reopens this summer, according to Fabrizio Romano. The Senegal international was loaned out to Bayern Munich last summer with an option to buy. The German champions have declined to trigger the clause, and Jackson will return to west London later this year.Chelsea have no plans of keeping hold of the talented marksman and reports claim that Jackson is also prepared to…

Nollywood actress Bimbo Ademoye has confronted a group of area boys who stormed her outdoor film shoot at a location that could not be independently verified, demanding money from the production crew. A video of the incident went viral on X after it was shared by user #Usmanashafe on Thursday, drawing widespread reaction and reigniting concerns about thug extortion on Nigerian film sets. In the clip, Ademoye stood her ground against the men, who are seen making aggressive demands for a “settlement”, a common extortion tactic used against movie crews shooting in public or community spaces across Lagos. The actress,…

The National Vice Chairman, North-West of All Progressives Congress, Salihu Lukman, has said former President Goodluck Jonathan is not a member of the party. Lukman, disclosed this in a telephone interview with The PUNCH at a time media reports are suggesting that some leaders of the ruling party are dragging Jonathan into the APC presidential race. He said he found the news touting Jonathan as the party’s joker or anointed candidate annoying. He said, “I can tell you this straight away. Jonathan is not a member of the APC as far as this party is concerned. What is being discussed…