Author: straightnewsng.com

The Senate, Wednesday, directed its standing committees to commence immediate investigation into the extent to which the N9.120 trillion 2018 budget was being implemented. The committees were equally charged to conduct checks on the implementation of the $2.78 billion Eurobond by Ministries, Departments and Agencies, MDAs. Speaking at the end of plenary in Abuja, Dr. Bukola Saraki, Senate President, said there was need to determine how projects in the 2018 budget were being implemented, noting that the committees had been instructed to do serious work. Saraki said: ”If you can recall, when we debated the Eurobond, there were a lot…

Judicial officers across the federation have been warned by Justice Walter Onnoghen, the Chief Justice of Nigeria, CJN, to be circumspect while adjudicating over disputes relating to depositors’ funds. The CJN, who spoke at a one-day sensitization seminar the Nigeria Deposit Insurance Corporation, NDIC, organised for High Court Judges, said the efficiency, satisfaction and success of the sector could only be measured by the level of public confidence and assurance that deposits and investments are safe and secure. He said the seminar was meant to expose the Judiciary to the evolving processes of dispute resolution between banks and depositors, as…

Vice Presidential candidate of Peoples Democratic Party, PDP, Mr. Peter Obi, Wednesday, called on the European Union to insist on a level playing field for all candidates and parties during elections in Nigeria because “there is a need to get the country back to its feet and make it better for our children.’’ He said this when he met with delegations from European Union, EU and World Economic Forum, WEF, in Abuja to deliberate on the imperative of free and fair elections in 2019 and how best to grow the nation’s economy through collaboration. Obi, who represented the presidential candidate…

Against the backdrop of the escalating global trade wars, Mr. Godwin Emefiele, the governor of Central Bank of Nigeria, CBN, has urged Nigeria to take measures to protect the local economy. Delivering the keynote address at the annual CBN seminar for Finance Correspondents and Business Editors in Lokoja, Kogi State on Wednesday, Emefiele hinted that the apex bank’s decision to restrict 41 items from accessing official foreign exchange resources two years ago was in line with this measure. Earlier at the just-concluded Annual Meetings of the World Bank and International Monetary Funds, IMF, in Indonesia, Senator Udoma Udoma, the Minister of…

A total of 18 goals were scored, four draws and two wins were recorded during the Wednesday’s UEFA champions league. PSV Eindhoven          2                Tottenham          2 PSG                          2                Napoli                 2 Lokomotiv Mosco     1                Porto                  3 Club Brugge              1                Monaco              1 Dortmund                4                 Atletico Madrid  0 Galatasaray              0                Schalke               0

Eight years after UN building was bombed by Boko Haram insurgents, the UN’s family has begun partial movement to the UN House in Abuja, Edward Kallon, the UN Resident Coordinator, says. UN building was bombed through a car bomb explosion on Friday, August 26, 2011 in Abuja which killed at least 21 and wounded 60 Kallon announced the movement to the building at the celebration of the 73rd  UN Day on Wednesday in Abuja. “The 2018 UN Day is a very important day for the UN system in Nigeria as it underscores the excellent cooperation and partnership of the UN and…

The Senate has resolved to fix a date for its leadership and heads of various security committees to meet with the Executive to ensure implementation of its resolutions on the security situation in the country. The Upper Chamber also called for investigation into resurgence of violence in Kaduna State, and urged the Kaduna State government and its federal counterpart to ensure urgent release of the traditional ruler abducted for almost a week. The resolutions followed a motion by Senator Suleiman Hunkuyi (PDP- Kaduna) at plenary Wednesday. The Senate also called on the National Emergency Management Agency, NEMA, to assist victims…

The House of Representatives, Wednesday, resolved to set up a special committee to revisit the probe of the N60 billion allegedly looted by some political office holders and civil servants in the defunct Nigeria Airways. Consequently, a resolution, moved by Abiodun Faleke (APC Lagos), was passed sequel to the adoption of a motion on urgent need to revisit Justice Obiora Nwazota’s Commission of Enquiry which was conducted in 2002 into the activities of the defunct Nigeria Airways Limited. Faleke, in his submission, argued that there was need to ensure the release of the White Paper and implementation of recommendations of…

The founder of the Tony Elumelu Foundation, TEF, Mr. Tony Elumelu, Wednesday said Nigeria’s economy was headed in the right direction, describing 2016 as a terrible year for the economy. Elumelu, who said this in an interview monitored on CNN Wednesday, also stated that his Group would in the next few weeks, close a $2.5 billion oil asset acquisition deal in the country. According to him, “things are changing in Nigeria and it appears our economic managers have finally gotten a strong grip on the economy.” The Chairman of the United Bank for Africa Plc, however, pointed out that there…

After a hard come-back, Enugu Rangers from a 3-3 draw defeated Kano Pillars 4-2 on penalties to become the 2018 reigning Aiteo Cup champions. Kano Pillars were leading Rangers in 3-0 goals up to 76th minute of the final of the 2018 Aiteo Cup played on Wednesday, October 24 at the Stephen Keshi Stadium in Asaba, Delta state. To qualify for final, Kano Pillars had beaten Katsina United, while Rangers defeated Akwa United to book their places in the final. The game started at a high tempo with Kano Pillars taking the lead as early as the fifth minute when…