Author: straightnewsng.com

By Straightnews The Nigerian Government has approved the ExxonMobil’s sale of Mobil Producing Nigeria Unlimited to Seplat Energy. However, the government has refused to grant approval for Shell’s $2.4 billion divestment of its onshore and shallow water assets to the local consortium, Renaissance. These assets include an estimated 6.73 billion barrels of crude oil and condensate, along with 56.27 trillion cubic feet of gas. Announcing the government’s decision, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, stated that while the government had processed five divestment applications, only four were approved. Related news Udoma acquires…

Nigeria supplies uninterrupted 24-hour electricity to neighbouring countries- Togo and Benin, but gives her citizens less than 20 hours at times blackout, the Managing Director and CEO of the Transmission Company of Nigeria (TCN), Sule Abdulaziz, revealed. Straightnews gathered that as at October 14, this year, Benin Republic and Togo owed Nigeria $5.79 million for the energy consumed in the second quarter (Q2) of 2024, the Nigerian Electricity Regulatory Commission (NERC) said. The NERC said in its second quarter 2024 report that the international customers paid $9.81 million between April and June 2024, out of the $15.60m invoiced for the…

Akwa Ibom Government has formally awarded and mobilised contractor to the site for the dualisation of Uyo Village Road in the state capital. However, the government did not mention the cost of contract, and deadline for completion of the project. Straightnews had earlier reported the deplorable state of  Uyo Village Road and the hardships inflicted on road users due to a bad portion of the road coupled with refuse dumped on the road. Related news: Midnight at Uyo Village Road  Addressing a press conference at NUJ Press Centre on Sunday, the State Commissioner for Works and Fire Service, Professor Eno…

By Agency Report In a manner apparent of vote buying, Elon Musk said on Saturday that his America Pac, the Donald Trump-allied political action committee, will give $1m every day to someone who signs his petition ahead of November 5 presidential election. Straightnews learnt that this appears to incentivize Republicans in battleground states to register to vote against Democratic Presidential candidate, Kamala Harris. “We are going to be awarding $1m randomly to people who have signed the petition,” Musk said at a town hall event in Pennsylvania. “One of the challenges we’re having is how do we get the public…

Former Nigeria’s Vice-President, Atiku Abubakar and the Federal Capital Territory (FCT) Minister, Mr. Nyesom Wike, have refused to wink eyes for one another over political differences. Earlier, Atiku had criticized Wike for referring to Atiku as a “rejected politician” in Port Harcourt, shortly after the outcome of the local government polls in Rivers, where the Action Peoples Party (APP) won 22 out of 23 chairmanship seats. Atiku stated that the local government elections in Rivers State revealed that “the citizens of Rivers are astute and resolute, unwavering in their rejection of any form of political oppression, harassment, or the machinations…

By Aniefiok Christopher  The Nigerian Institution of Mechanical Engineers (NIMechE) has called on government to deploy innovative technologies to increase food production as well as mitigate the impact of climate change in Nigeria. In his address at the just-concluded 37th International Conference of the body, Engr Alhassan Mohammed, the National Chairman of NIMechE, said the theme of the conference could not have come at a better time than now, as it addresses two critical issues that impact their Institution and world at large. Mohammed spoke at the conference and Annual General Meeting (AGM) of the society at the prestigious Ibom…

By Agency Report United States of America has voiced against the Palestinian push to expel Israel from the United Nations, calling it a “political theatre.” In a statement on his verified Twitter account, Senator Lindsey Graham emphasized that Israel’s survival is at risk on multiple fronts, including political and security threats. Graham’s remarks come as tensions between Israel and Palestine continue to escalate on the international stage. The Palestinian Authority has sought to garner support for removing Israel from the UN, an effort Graham dismisses as symbolic but potentially damaging. Related news We’re ready for cease-fire talks with Israel –…

By Straightnews A public commentator, Citizen Matthew Koffi Okono (MKO), sees Bola Tinubu’s opposition against the removal of fuel subsidy 12 years ago to his eventual removal as the country’s President as contradictory to known ethos. Tinubu, then a chieftain of Action Congress of Nigeria (ACN) had opposed the removal of fuel subsidy by ex-President Goodluck Jonathan administration in 2012, accusing the President of breaking social contract with the people. However, on May 29. 2023 Tinubu announced that the fuel subsidy regime was gone during his inauguration Nigeria’s President. In 2012, Jonathan’s administration increased fuel price from N67 to N97 but reduced it to N87 in January…

By Agency Report US President Joe Biden and his predecessor Donald Trump are rocking the same boat in committing verbal gaffes during public speaking, according to findings by Straightnews.   Though some experts attribute memory lapses to age, others think public stumbles of both public figures question their cognitive abilities. Recently, Biden jocularly addressed concerns over his age on American comedian Seth Meyers’ late-night show, saying the “other guy” (Trump) was “about as old as I am”. Taking a jab at the former US president, Biden said that Trump “can’t remember his wife’s name.” Related news: Trump, Biden Clash Over…

By Straightnews Nigerians batter blackout as the National Power Grid has ‘scored’ a hattrick collapse in one week. Power generation went off around 8:16 a.m. on Saturday, October 19. with many states reporting total blackouts. The GenCos generate power and supply it to the national grid managed by the TCN. The transmission company transmits the power from the grid to its substations, which deliver to DisCos at a lower voltage and then to homes. Recall that the grid tripped off on Monday and on Tuesday this week and then it was restored. At 8 a.m, power generation was 3,042 megawatts…