Author: Prima News

Eighty-year-old Ayodele Mustapha, who once worked as a mechanic for corporate organisations in the 1960s, tells GRACE EDEMA why he regrets missing out on formal education after his father’s death Tell us about your background. My father was a native of Abeokuta in Ogun State, and my mother was also from there. However, I was born in May 1946 during their stay on the Ijebu side of Ogun State. I attended Ijebu Primary School and Saint Paul School, Shagamu, where I completed my primary education. In 1960, I was supposed to start secondary school. I took the entrance examination and…

Many times, one has looked at the state of the Nigerian economy and wept silently. This is more so when, as an economist, one cannot just visualise but possesses the knowledge of the sizes and varieties of natural resource endowment, human and non-human, Nigeria owns, and the quantum of revenues the various governments have derived from these resources. The majority of Nigerians below 45 years have never known affluence, except those born with silver spoons. Yet, the resources have always been there, been exploited, and been stolen by the privileged few. I can recall that under the National Party of…

We’re likely to see more price increases as the big AI companies plan to go public. Source link

THIS is a debate that never goes away for too long: what is due to Nigerian workers? The renewed agitation over workers’ wages, triggered by a fresh Nigeria Governors’ Forum proposal to raise the national minimum wage to N100,000 per month, only confirms that the country is trapped in an endless cycle of wage adjustments that inflation quickly renders meaningless. This means that the issue is not just about the size of the minimum wage. Rather, it is about whether Nigerian workers can afford to live with dignity. That is why the conversation must shift from a statutory minimum wage…

The House of Representatives Public Accounts Committee has recovered N521.77m in unremitted Value Added Tax from the Central Bank of Nigeria, marking a significant breakthrough in an ongoing investigation into revenue leakages linked to government collections processed through the Remita platform. The recovered sum represents VAT deductions on fees earned from Remita transactions that were not remitted to the Federal Government over a period spanning November 2018 to April 2024. The recovery emerged from a far-reaching investigation launched by the House of Representatives following concerns over alleged revenue leakages, non-compliance with approved financial procedures, and breaches of service-level agreements governing…

•As domestic demand outstrips supply •Producers stick to export market •Dealers give catalogue of constraints •Outlook remains uncertain —Industry Experts By Udeme Akpan, Energy Editor Despite holding Africa’s largest proven gas reserves and recording rising gas production, household and industrial consumers are now faced with significant shortages of Liquefied Petroleum Gas, LPG, also known as cooking gas. The development is also putting pressures on retail prices of the product. Financial Vanguard findings showed that some producers are focused on exporting the product rather than meeting domestic demand. Data obtained from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, showed that 62 per cent…

By Dele Sobowale A totally truthful politician is an oxymoron; a contradiction in terms. Dissembling apparently is indispensable to the profession — notwithstanding the fact that most of them ensure that they are seen praying!! The war in Iran is coming to a dreary end. It has cost everybody in the world trillions of dollars and it would cost the Americans an estimated one trillion dollars by the time it is eventually over. But President Trump and his government are claiming only $21 billion. That is a politician for you. On May 29, 2026, as President Tinubu marked the…

When the 2026 FIFA World Cup kicks off across the United States, Canada and Mexico, no club will be represented more than Manchester City. The Premier League giants will have 19 players participating in the tournament, the highest total of any club in world football and a new World Cup record for a single club. Bayern Munich follow closely with 18 representatives, while Paris Saint-Germain and Arsenal each have 16 players selected by their respective nations. The numbers underline just how concentrated elite football talent has become at a handful of powerhouse clubs. Top clubs represented at World Cup 2026…

Nigerian actress Adunni Ade has revealed that she privately welcomed a child with her partner, saying the development was kept away from the public for more than two years before she chose to share it on her birthday. The actress made the disclosure in a post on her Instagram page on Sunday, where she described the experience as one marked by private struggles and a deliberate decision to maintain privacy. “Today, on my birthday, I’m finally sharing what we’ve protected for over two years,” she wrote, adding that the journey came with “silent battles, moments that tested me, and a…

“Humanitarian needs are soaring with each day of the conflict; our work is unfortunately far from over…we need the funding,” said Imran Riza, UN Humanitarian Coordinator in Lebanon. Speaking from Beirut as violence reportedly continued despite a ceasefire announcement on Wednesday, the veteran humanitarian expressed his shock at the devastation caused by airstrikes, drone attacks and shelling.  He described “hospitals and clinics hit by airstrikes, government buildings destroyed, agricultural land scorched, water stations demolished and schools turned to displacement sites”.Since the latest escalation of violence, more than 3,500 people have been killed and more than 10,000 injured. Nearly one million people remain displaced from…