Author: Prima News

The Director-General of the Nigerian Employers’ Consultative Association, Adewale-Smatt Oyerinde, discusses the challenges facing the economy, particularly the manufacturing sector, in this interview with ANOZIE EGOLE Nigeria’s macroeconomic instability has posed significant challenges for businesses. Which key policy reforms does the Nigerian Employers’ Consultative Association consider most critical to rebuilding investor confidence? The most urgent reforms must address what I term the “liquidity paradox”, where financial institutions are awash with cash, yet the real economy is starved of credit. The recent Treasury Bill auction laid bare this disconnect; investors bid N4.4tn for securities worth only N800bn, a staggering 400 per…

Aid arrives in Africa wearing the robe of salvation—promising to bridge infrastructural deficits, calm socio-economic seizures, and steer fragile economies toward growth. Yet this robe is often stitched elsewhere. What is marketed as benevolence has already passed through Western theatres of policy, public relations, and strategic calculation before landing on African soil as “good faith” documentation. Africa consents, not always freely but often out of fiscal desperation. What follows is familiar: aid brews into debt, and debt matures into crisis. Zambia’s experience reminds us that the aftertaste of aid is rarely sweet. It is hardly news that Africa remains one…

Refiant AI, a South Africa-founded startup that uses algorithms to compress artificial intelligence (AI) models, has closed a $5 million seed round to build its platform, grow its team and support enterprise partnerships.  VoLo Earth Ventures, a California climate technology fund, led the round, backing what it considers a more efficient approach to developing smarter and leaner AI models. Founded in 2025 by Viroshan Naicker, Siddharth Gutta, and Mathew Haswell, Refiant AI is building tools that restructure and compress AI models by reducing computational weight and retraining them to maintain performance, so that they can run efficiently on smaller or…

Arewa APC Lagos has suspended Chairman Sa’adu Dandare Gulma amid allegations of gross misconduct.   NewsOnline Nigeria reports that the leadership crisis rocking the Arewa Community wing of the All Progressives Congress (APC) in Lagos State has deepened as the group’s Leadership Council announced the immediate suspension of its chairman, Sa’adu Yusuf Dandare Gulma.   In a suspension notice dated April 7, 2026, the council said the decision followed consultations aimed at maintaining order, discipline and effective coordination within the Arewa APC structure in the state.   The letter, signed by the 40 0ut of 57 Arewa Community LGA/LCDA chairmen…

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UNIJOS Vice-Chancellor Prof. Tanko Ishaya By Golok Nanmwa, JOS The University of Jos (UNIJOS) has confirmed the death of two of its students following the recent wave of violence in Jos, while three others – two students and a staff member – sustained injuries and are currently receiving treatment in hospital. Vice-Chancellor Prof. Tanko Ishaya disclosed this on Thursday during a press briefing in Jos, where he also stated that there are no plans to relocate the institution from its current location despite the security challenges. The deceased were identified as Abel Joro Gershon, a 300-level Building student who was…

Iran has asserted that the United States’ stipulation regarding restrictions on uranium enrichment will never be realized. The head of Iran’s atomic energy organization, Mohammed Eslami, stated that the demand from the US and Israel will not materialize. According to a report by The Guardian UK, Eslami remarked that the US will “not succeed in limiting Iran’s enrichment program”. He further stated, “The assertions and requests from our adversaries to limit Iran’s enrichment program are simply aspirations that will be disregarded,” as quoted by Iran’s ISNA news agency. Iran’s uranium enrichment capabilities continue to be a significant point of dispute…

Nigeria’s failure to qualify for back-to-back FIFA World Cups has sparked fresh calls for reform, with former Super Eagles midfielder Etim Esin urging a major overhaul of the country’s football system. The Super Eagles, who first appeared at the World Cup in 1994, have now missed two straight tournaments. After falling short in the race to Qatar 2022, Nigeria again suffered heartbreak in the qualifiers for the 2026 finals, losing on penalties in the African play-off. Esin did not hide his disappointment, blaming poor planning and a lack of accountability within the football leadership. He stressed that the country needs…

The Nigerian DJ Association has announced a temporary ban on all Burna Boy songs, directing DJs in Nigeria and abroad to remove the artiste from their playlists following a reported clash between the singer and DJ Tunez at a private Lagos event. Hours earlier, Burna Boy and members of his crew were alleged to have been involved in a physical altercation with Disc Jockey Michael Babatunde Adeyinka, popularly known as DJ Tunez. Eyewitness accounts circulating online claimed the incident took place inside a nightclub, where a disagreement escalated into a confrontation. Multiple individuals were said to have been involved, with…

Strikes and counter-strikes continue across the Middle East, with dozens of casualties reported over the weekend in Lebanon following Israeli strikes targeting the south and the capital, Beirut. Meanwhile, humanitarian needs are rising, critical infrastructure remains under strain, and the wider economic and global impacts of the crisis continue to mount. Stay with us for live updates from across the UN system. App users can follow coverage here. Source link