Author: straightnewsng.com

By Akanimo Sampson The United Nations Conference on Trade and Development (UNCTAD) has sealed a deal with the International Integrated Reporting Council (IIRC) to enhance reporting of the private sector’s contribution to global goals.’ This is largely because Target 12.6 of the Sustainable Development Goals (SDGs) requires companies to adopt sustainable practices and to integrate sustainability information into their reporting cycle. Many businesses are starting to integrate their performance against the global goals in their mainstream annual reports. UNCTAD and the IIRC are, therefore, joining forces to make this practice the norm by working with key stakeholders to fully integrate…

The contention for Obowo/Ehime Mbano/Ihite Uboma Federal Constituency, Imo State in the House of Representatives is daily assuming new dimension. Before now, the All Progressives Congress, APC, in an abracadabra manner allegedly denied Chukwuemeka Nwajiuba, a staunch APC and a one-time House of Representatives member, of the party’s ticket. Angered by the development, Nwajiuba defected to Accord Party to assert authority and political relevance in his constituency and eventually got the nod without much ado to represent his people in the Green Chambers. But the party was said to have supported Hon. Chike Okafor, a one-time Commissioner for Finance under…

The 9th National Assembly and election of Presiding Officers for both the Senate and the House of Representatives in Abuja has inaugural begun. Initially, members exchanged pleasantries and engaged one another in intensive lobbying and shouting order. The the Clerk to the National Assembly, CAN, Mohammed Sani-Omolori, who is presiding over the affairs of the house has taken a roll call of the Senators from the 36 states of the Federation in an Alphabetical order. Of the 109 Senators enshrined in the Constitution, 107 attended the inaugural session. The Senate President, Lawan, who has been nominated has spoken. Senator Ndume…

Henceforth, June 12 has replaced May 29 every year in Nigeria is Democracy Day. The Act specifies that June 12 now replaces May 29 which was introduced in 1999 as the official Democracy Day. The date will also be recognised as national public holiday by the Federal Government henceforth. This follows President Muhammadu Buhari’s assent of a bill on June 12 as the Democracy Day into law. A report from News Agency of Nigeria said Ita Enang, the Senior Special Assistant to the President on National Assembly Matters (Senate), told State House correspondents in Abuja. Enang, a former senator, said…

By Akanimo Sampson In a bid to rally the Red Chamber of Nigeria’s bicameral Legislature behind Senator Ahmed Lawan, the ruling All Progressives Congress (APC) seems to be ignoring President Muhammadu Buhari’s signature anti-corruption war with its alleged unrestrained cash inducement. Insiders say the ruling party and Senator Lawan are allegedly sharing money for senators in order to secure their votes for this Tuesday’s election of the principal officers of the 9th Senate. The seeming snub of the Buhari anti-graft war in the Senate is playing out as Governor Seriake Dickson of Bayelsa State is busy boasting that there is…

Power sector has lost due to constraints from insufficient gas supply, distribution infrastructure and transmission infrastructure has dropped from N1.8 billion, recorded week ago to N1.6 billion in the country. An authoritative report obtained from the office of Vice President Yemi Osinbajo stated: “The power sector lost an estimated N1, 610,000,000 (One Billion Six Hundred and Ten Million Naira) on June 8 2019 due to constraints from insufficient gas supply, distribution infrastructure and transmission infrastructure. “On June 8 2019, average energy sent out was 3,430 MWH/Hour (up by 87.16 MWH/Hour from the previous day). 1,767.5 MW was not generated due…

Operatives of Nigeria Police Force that barricaded Oando Plc’s head office in Lagos have finally vacated the office. This development is coming four days after a Federal High Court’s order in Lagos on June 3, granted an interim injunction restraining SEC from executing the interim management in Oando. The court injunction followed an application filed by Wale Tinubu, Managing Director and his Deputy, Mr Omamofe Boyo. Confirming the latest development to Vanguard, Head of Corporate Affairs of Oando Plc, Alero Balogun said: “All the policemen have left our head office. On Friday, they all left and work is going on…

Aliko Dangote, president of Dangote group, has said the poor performance of the country’s power sector was hindering growth of the economy. Dangote spoke at a consultative round-table session for public and private sector stakeholders organised by the Central Bank of Nigeria, CBN, in Lagos, weekend. According to Dangote, Nigeria had been struggling to increase its electricity output for the past 18 years without success. He urged the federal government to improve the sector, saying that no business would thrive with business owners generating their own power. He said: “How do you have economic growth without power? So, no power,…

Religious bodies in Kaduna State have expressed divergent views on the passage of the bill to regulate preaching in the state. The state House of Assembly had, on Friday, passed the executive bill which was introduced in 2016. Reacting to the development, Sunny Akanni, counsel to the Pentecostal Fellowship of Nigeria, PFN, threatened to sue the state assembly for disobeying a court order restraining it from taking any action on the bill, pending the determination of a suit before the state high court. According to him, in March 2017, the PFN filed a suit against the bill on the grounds that it…

The immediate past Attorney-General of the Federation and Minister of Justice, Mallam Abubakar Malami, will on Thursday, June 14, face the Disciplinary Panel the Legal Practitioners Privileges Committee over a prejudicial statement made against the detained former National Security Adviser, Colonel Sambo Dasuki, retd. His invitation is based on a petition written the Nigerian bar Association, NBA, by Dasuki’s family. The Hearing Notice, dated May 16, 2019, and signed by Patricia Orhomuru Esq, the Secretary, Disciplinary Committee of the Legal Practitioners’ Privilege Committee, has a reference No: PET/LPPC/23/2018. The Notice read in part: “Take notice that the above matter is…