Author: straightnewsng.com

The presidential candidate of Peoples Democratic Party, PDP, Atiku Abubakar, has alerted the South East and South West geo-political zones of impending danger in falling prey to the gambit, warming them to take their destinies in their hands by doing the right thing in the 2019 general elections. This followed last week’s statement by Boss Mustapha, the Secretary to the Government of the Federation, SGF, that the South-East will get a shot at presidency in 2023 after President Muhammadu Buhari’s second term in office. At the same, Vice President Yemi Osinbajo has used return of the presidency to South West…

Investors in the nation’s capital market have sustained interests in the Federal Government’s Sukuk, as they oversubscribed the second edition of the ethical instrument public offering. The result of last week’s exercise as announced by the Debt Management Office, DMO, indicated that N132 billion was staked for N100 billion Sukuk put on offer. With a seven-year tenure and 15.743 per cent yield, the Sovereign Sukuk would be due 2025. In the announcement, the DMO said it received subscriptions from 2073 investors. “The high success rate of the Sukuk, which is the second by the Federal Government of Nigeria showed investors’…

President Muhammadu Buhari’s administration has spent N2.7 trillion on infrastructures since assumption office in 2015, Vice President Yemi Osinbajo said weekend. The federal government, according to Osinbajo, is committed to ensuring that monies belonging to Nigerians are not stolen but used for nation building. He also said the country was earning 60 percent less than it earned in the past 10 years, adding that despite this low earning, the current administration has spent more in building infrastructure than any other government in the country. The Vice President stated this at the palace of the Ovie of Ughelli, Oharisi III when…

Ebony in complexion, she was afraid to speak to the press. Displaying her wares for sale to customers in Akpan Andem Market, Uyo, she spoke in a subdued voice. “I do not like the way I am dressing because of the nature of my business. “I want to know the medium the interview will be used before I grant the interview, though I have been eager to speak to a journalist. Can I see what you have done or published before?” On seeing the website of the online newspaper, she obliged. With eyes dazzling like a gazelle, she began “My…

The Nigerian Communications Commission, NCC, has threatened to sanction telecommunications operators in Nigeria which engage in what it described as forceful subscription and unlawful deductions from consumers. The commission said Friday that “As a consumer-centric regulator, the NCC has noted with great displeasure the unacceptably high level of consumer complaints in respect of forceful subscriptions to Value-Added Services (VAS), as well as airtime deductions for these subscriptions. The commission mandated several initiatives to tackle the menace. These include the institution of a comprehensive investigation and resolution process, the Do-not-Disturb (DND) facility, and the imposition of sanctions for breach”. “Disturbed by…

The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has given reason why the Federal High Court in Abuja should not strip him off the rank of SAN for encouraging the Federal Government to ignore six separate court orders that granted bail to the detained former National Security Adviser, NSA,  Col. Sambo Dasuki (retd). Malami, in a five-paragraph affidavit filed before the court, said he did not at any time, supported FG’s refusal to release Dasuki, who has been in custody of the Department of State Service, DSS, since December 29, 2015. He denied report…

Crystal Palace came from behind to beat Man City 3-2 while Jamie Vardy earned Leicester shock 1-0 win of Chelsea. Maurizio Sarri said his Chelsea players reacted with “mental confusion” as they failed to respond to the predatory Jamie Vardy strike that earned Leicester victory at Stamford Bridge. The Blues lost at home for the first time this season after Vardy’s first-time finish in the box from James Maddison’s pass in the 51st minute. Chelsea had been dominant before the break, when they struck the bar through Eden Hazard following a Harry Maguire error, the best of a host of…

The Nigeria Labour Congress (NLC) said it would embark on a nationwide mobilisation of Nigerian workers to protest federal government’s delay in transmitting, enacting and implementing a new national minimum wage of N30,000. The NLC also urged the Economic and Financial Crimes Commission, EFCC to investigate allegations of diversion of the bailout fund, Paris Club refund, as well as all budget support releases to the states. In a swift reaction, Lai Mohammed, the Minister of Information and Culture, said that he was confident that labour would not embarrass the government. NLC in the communiqué issued at the end of its…

The Federal Government has released $2.246 billion being the final tranche of Paris Club refunds to different states in the country. The Permanent Secretary, Ministry of Finance, Mr. Mahmood Isa-Dutse told newsmen Wednesday in Abuja after the Federation Acoount Allocation Committee (FAAC) meeting. The refunds that would have been done months ago during the era of Mrs. Kemi Adeosun, the then Minister of Finance was held up as some states were given conditions to fulfil before they could access the money. One of the conditions was for the states to show evidence that they had used the previous refunds to…

A popular Nigerian social media commentator and researcher has taken Mr. Peter Obi, the Vice Presidential candidate for Peoples Democratic Party, to the street for claiming that Uyo, Akwa Ibom State capital under Governor Udom Emmanuel is one of the 10 fastest growing states in the country. Rather, the commentator who raised the hand of Senator Godswill Akpabio who was then Akwa Ibom governor for eight years, observed that “In trying to put a garland of achievements around his host’s neck, he had inadvertently raised Senator Akpabio’s hand. Under Governor Akpabio, Uyo Became One Of the Fastest Growing Cities In…