Author: straightnewsng.com

The Nigerian National Petroleum Corporation (NNPC) says it spent N623.16 billion on under-recovery otherwise known as subsidy from January to November 2018. This was contained in a report by NNPC to Federation Account Allocation Committee (FAAC) at the last meeting in Abuja where revenue generating agencies gave an account of their performances in the year. In the report dated December 19, 2018, NNPC revealed that it has arrears of N67.23 billion for deductions made from FAAC. The report said there is a total FAAC deduction of N676.49 billion comprising N599.74 billion as under-recovery for Direct Sales Direct Purchase (DSDP) arrangement…

Ricardo Pereira’s superb 81st-minute strike secured a 2-1 win for Leicester City as Manchester City fell further behind in the title race. Last week, Leceister pipped Chelsea to climb the EPL ladder. Manchester City dropped to third in the Premier League as Leicester City made it back-to-back defeats for Pep Guardiola’s men – Ricardo Pereira’s spectacular 81st-minute strike securing a 2-1 triumph. The reigning champions have lost three of their past four top-flight outings and lie seven points behind Liverpool, whose closest challengers are now Tottenham – six points back of the leaders. As in their weekend defeat to Crystal Palace, Manchester City took a…

Prof. Ben Ayade, the Cross River State Governor has expressed disappointment over the number of young men and women leaving Africa blessed with rich human and natural resources for foreign countries in search of greener pastures. Speaking at the inauguration of the 2018 Calabar Cultural Carnival which began on Wednesday in Calabar, Cross River capital, Ayade said the 2018 carnival, with the theme: “Africanism”, would be used to tell the African story. Ayade said that the problem of Africa was not poverty, but inability of Africans to tell their stories, adding that the “organisers, in conjunction with writers like Wole…

Foremost activist and co-founder of the Bring Back Our Girls Movement, Aisha Yesufu, has slammed President Muhammadu Buhari over his handling of the recent spate of killings in Nigeria’s Zamfara State. The police in Zamfara, Sunday, confirmed that 17 people in in Magami Village, Faru District of Maradun local government area were killed in an attack by armed bandits on a community in the state. Aisha in a minute and 43 seconds video recording made available to our correspondent accused the President of playing the ostrich and doing too little to curtail the senseless killings going on in some parts…

World’s identical twins” have revealed how they are in a fix over their plan to marry their shared boyfriend, but Australian law bans them from doing so. Anna and Lucy DeCinque, 33, from Perth, Australia have been dating mechanic Ben Byrne since 2012, but they want to make things official with a wedding. Under the Australian Marriage Act 196, polygamy is an outlaw. The women turned to Australian TV show Hughesy, “We Have a Problem. In the hope of finding a solution, and shared a preview clip of their appearance on their Instagram account. The siblings, who were dubbed the…

Pope Francis pleaded for fraternity “among individuals of every nation and culture” in his annual Christmas message at St. Peter’s Basilica in the Vatican. “My wish for a happy Christmas is a wish for fraternity. Fraternity among individuals of every nation and culture. Fraternity among people with different ideas, yet capable of respecting and listening to one another. Fraternity among persons of different religions,” he said during the “Urbi et Orbi,” or “to the city and the world” address Tuesday. Queen Elizabeth II, in her Christmas message, appealed for people to show more respect to those with opposing views. “Even with the most…

Akwa Ibom Governor Udom Emmanuel says his government is on course to reposition the state for greatness in spite of the challenges confronting it. Emmanuel who stated this Tuesday in his 2018 Christmas broadcast to the people in radio and television stations wanted the residents to remain peaceful and continue to support his government in 2019. This is even as President Muhammadu Buhari in his Christmas message asked Nigerians to embrace love, peace and hospitality. Buhari urged the populace to reflect on the “message of hope, compassion, salvation, reconciliation, forgiveness and peace that Jesus Christ embodies and conveys.” The governor…

TEXT OF CHRISTMAS BROADCAST BY HIS EXCELLENCY, MR. Udom Emmanuel, GOVERNOR, AKWA IBOM STATE TO THE PEOPLE OF THE STATE, DECEMBER 25, 2018 Fellow Akwa Ibomites My wife, Her Excellency, Mrs. Martha Udom Emmanuel and I wish you a Merry Christmas and a prosperous New Year in advance! The reason for this Season, is to celebrate the birth of the Prince of Peace, our Lord and Saviour, Jesus Christ and to thank God for His love, blessings and guidance in the past one year and indeed, the last three and half years. This particular Christmas broadcast is significant in a…

The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, described as false, claims by the Budget Office, that it failed to remit N1.34 trillion of its Internally Generated Revenue, IGR, to the Consolidated Revenue Fund, CRF, domiciled in the Central Bank of Nigeria, CBN. In a statement in Abuja, General Manager, Corporate Services of the PPPRA, Mr. Kimchi Apollo, accused the Budget Office of misrepresentation of facts, stating that all the revenue collected by it since its inception was less than 1.6 per cent of N1.34 trillion. He said: “The attention of PPPRA has been drawn to the widely circulated allegations which…

The Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that under-recovery of Premium Motor Spirit, PMS, also known as petrol, has dropped to N20 per litre from over N80 a couple of weeks ago. It noted, however, that the Federal Government was still committed to bearing the additional cost above the regulated price of N145 per litre. What this means is that if the Federal Government stops subsidizing the price of PMS today, the actual selling price of PMS would rise to N165 per litre. Addressing newsmen during a tour of petrol stations in Abuja, Group Managing Director of the NNPC,…