Author: straightnewsng.com

For the first time this year, oil price has risen from $79 to $82.00 per barrel in the international market following high demand from major importing countries. Specifically, the price of Brent, usually used to benchmark other prices rose from $ 79.90 to $82.10 while the WTI and the Organisation of Petroleum Exporting Countries, OPEC basket of 15 crudes stood at $ 72.32 and $78.81 per barrel respectively. In its report sent to Vanguard, OPEC stated, “the price of OPEC basket of fifteen crudes stood at $78.81 a barrel on Monday, compared with $77.08 the previous Friday, according to OPEC…

As the Independent National Electoral Commission, INEC, prepares for Osun State governorship re-run election on Thursday, key foreign missions in Nigeria are united in appealing for calm, orderliness and end to vote buying. While calling for greater peace and orderly conduct during the rerun, the missions of European Union, United Kingdom and the United States commended INEC for the polls held on Saturday. The election, which held on Saturday, was declared inconclusive, following inability to conduct voting in seven polling units across three local governments. Candidates of the ruling All Progressives Congress, APC, Gboyega Oyetola and his Peoples Democratic Party,…

All Progressives Congress, APC, has cautioned Prince Uche Secondus, the national chairman of Peoples Democratic Party, PDP, against exposing the country to ridicule, urging him to comport himself and measure his utterances or be ready to roll in the mud. “We advise Prince Secondus not to descend to the level unexpected of his office, less he enters the boxing ring with its attendant mud and dirt. His action will only bring him personal attacks, ridicule. A word is enough for the wise,” the party warned. In a statement Tuesday in Abuja, Yekini Nabena, spokesman of the party, noted that the…

Three years after the presidential elections, General Abdulsalami Abubakar-led National Peace Committee, Tuesday, released a stunning report that former President Goodluck Jonathan who was candidate of Peoples Democratic Party, PDP, conceding defeat early to All Progressives Congress, APC, denied him an opportunity of arresting, prosecuting and possibly jailing some key members of the then opposition party. The report listed the people who would have been jailed to include Muhammadu Buhari, ex-Vice President Atiku Abubakar for committing treason against the Nigerian state. The revelation which is coming over three years after the 2015 election that saw Buhari defeating the then sitting…

Despite the fact that Independent National Electoral Commission, INEC, is yet to lift a ban on political campaign, some major political office seekers in the country have subtly commenced their electioneering campaign in earnest, Straightnews has learnt. Investigations by Straightnews show that in Akwa Ibom State, stunning billboards of governorship contenders under the platform of Peoples Democratic Party, PDP and All Progressives Congress, APC adorn such major roads as Nwaniba, Oron, Abak and Uyo Village, Ikot Ekpene Roads as well as Bassey Wellington Bassey Way End, among others. Large-sized billboards showing Governor Udom Emmanuel either standing or sitting alone or…

The federal government has released N22.68 billion for the settlement of retirement benefits of former staff of liquidated Nigeria Airways. The Minister of Finance, Mrs. Zainab Ahmed, who announced this in a meeting with the retirees in Abuja Monday, also announced another N20 billion for public universities in the country. President Muhammadu Buhari, according to her, gave the approval due to his concern over the plight of the former staff of the liquidated national carrier. She said: “Upon my resumption of Office as Minister of finance, some pending fiscal issues in the aviation and education sectors were immediately brought to my…

President Muhammadu Buhari has called for collaborative efforts among nations to fight human trafficking and smuggling of persons. Buhari made the call at the 16th INTERPOL Conference on Human Trafficking and Migrant Smuggling Monday in Abuja. The President, who was represented by Mr Olusegun Adekunle, Permanent Secretary, General Service Office, office of the Secretary to the Government of the Federation, said: “Human trafficking requires our collective efforts to eradicate which destroying the future of our youths.” He said Nigeria was among the first set of countries to domesticate United Nations relevant protocols on trafficking in persons and smuggling of persons.…

Operators of a wonder bank in Calabar, Cross River State have bolted away with N27 billion belonging to more than 13,000 depositors. Micheno Multipurpose Cooperative Society, MMCS, is owned and operated by one Michael Eke, had promised depositors of N100,000 and an additional N50,000 at the end of 40 days, and those who deposit N150,000 would get the sum of N300,000 at the same period while a deposit of N1million would earn a N500,000 profit at the end of the same period while deposits above N1m are calculated in N1m units. The scheme berthed in Calabar in June…

The Federal Government, Monday, said it would commence the revocation of the licences of oil companies that failed to stop flaring of gas in their operations in the country from next year. Speaking at the 2018 Buyers’ Forum/Stakeholders’ Engagement organised by the Gas Aggregation Company of Nigeria, GACN, Mr. Ibe Kachikwu, Minister of State for Petroleum Resources, also stated that the Federal Government would launch the infrastructure revamp programme in November. The programme, according to him, has the potential to attract between $20 billion and $30 billion of investments into the petroleum industry and also help address the infrastructural deficiencies…

“Does it mean that when a former leader is in another party, he ceases to attend the celebration of his state’s anniversary?’’ one of the media aides to Governor Udom Emmanuel tweeted in his handle. Recall that on September 23, Sunday worship service to commemorate the 31st creation anniversary of Akwa Ibom State, Nigeria’s 21st state was held at Uyo Township Stadium. Ndueso Essien, Special Assistant to Governor Emmanuel on Media in his tweet on Sunday, September 23 at 11.45 a.m., made the apparent reference to the absence of Senator Godswill Akpabio, the immediate past governor of the state at…