Author: straightnewsng.com

After eight years, the Central Bank of Nigeria has finally lifted the foreign exchange restrictions it placed on importers of 43 items. In a statement signed by CBN’s Director of Corporate Communications, Dr. Isa AbdulMumin, the bank said this is a significant change to the foreign exchange market policy. According to the apex bank, this action will boost liquidity in the Nigerian Foreign Exchange Market and intervene from time to time, stating that interventions will decrease as liquidity improves. Related news Senate confirms Yemi Cardoso as CBN Governor and his deputies  CBN Unveils e-Licensing, Approvals For Microfinance Banks CBN Removes…

The Super Eagles of Nigeria have been drawn into Group A alongside hosts Ivory Coast, Equatorial Guinea, and Guinea Bissau for the upcoming 2023 Africa Cup of Nations. The draw ceremony took place in Abidjan, Cote D’Ivoire, where the tournament is scheduled to be held from January 13 to February 11, 2024. In the qualifiers, Nigeria secured the top spot in its group with 15 points, showcasing an impressive performance with 22 goals, including a remarkable 16-0 aggregate win against Sao Tome and Principe. Related news AFCON 2023: Nigeria book slot in Ivory Coast AFCON2023Q: Osimhen Scores Hatrick As Nigeria…

Nigerians have reacted to the appointment of Mr. Ola Olukoyede as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) by President Bola Tinubu. Tinubu approved the appointment of new EFCC on Thursday for a renewable term of four years in the first instance, pending Senate confirmation. This comes nearly four months after he suspended the erstwhile anti-graft agency chief, Mr Abdulrasheed Bawa. Related news Tinubu Replaces Bawa with Odusumu as EFCC Chairman Suspended EFCC Chairman Bawa reportedly cools feet at DSS Office  Court Remands EFCC Chairman in prison for contempt “Mr. Olukayode’s appointment follows the resignation of the suspended…

The Lagos State High Court in Ikeja, on Wednesday, convicted two pipeline vandals for killing seven officers of the State Security Service (SSS). The vandals were Clement Ododomu and Tiwei Monday. The killings occurred on September 14, 2015 at Ishawo Creek, Ikorodu, Lagos State. Related news Court Ends banker’s 17-year-old marriage in Akwa Ibom UK Court grants Diezani £70000 bail in alleged bribery case  Italian Court jails Citizen for killing physically challenged Nigerian    Saheed Adetunji, an investigation officer with the DSS told the court during the course of the trial that seven out of the nine-man rescue team were…

Seventeen British nationals, including children, are feared dead or missing in Israel after an attack by Hamas, Sky News declares. Three Britons are already confirmed to have died in the weekend’s attack. Similarly, 14 Americans are said to have been killed during the Hamas onslaught. Also read Israel will avenge Hamas’ attacks- Netanyahu vows World Rues over surprise attack of Israel by Hamas Hamas’ Attack: Israel retaliation lands  200 Palestinians in graves At least, 1,200 Israelis are dead and more than 2,700 have been wounded, according to the latest figures supplied by the IDF (Israeli Defence Forces). The latest information from…

Naira plunged on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$. The naira has maintained a downward trend since the Central Bank of Nigeria allowed a free float of the national currency against the dollar and other global currencies in June. This decline has further led to manufacturers struggling to get raw materials, with more companies planning to sack more workers or shut down. Related news Naira soars, closing N664/$ at I&E window  Naira Dips to N1000 per dollar Fuel subsidy to go, Naira re-design for review – Tinubu With the declining naira…

Over 1,500 people have been confirmed dead in the conflict with fears that the death toll could increase. The State of Palestine has petitioned the United Nations, demanding that Israel leaves what it described as “its territory” amid the ongoing conflict. On October 8, the Palestinian militant group Hamas attacked Israel in a shocking move. Over 1,500 people have been confirmed dead in the conflict with fears that the death toll could increase. Addressing a press conference in Abuja on Tuesday, the Palestinian Ambassador to Nigeria, Abdullahp Shawesh called on the UN to apply international law on Israel and compel…

Okon W. Nna-etuk My village, Ibio Edem Urua, is in Etim Ekpo Local Government Area and borders with Ikot Anta Eneng Obom in Ukanafun Local Government Area. When the two villages were respectively in Northern Annang County Council and Western Annang County Council, even as they were all in Abak Division, they were always at loggerheads over land (boundary) dispute. My uncle, the late Chief Nyong Nna-Etuk of Ibio Edem Urua and the late Chief Etim Umorok of Ikot Anta Eneng Obom were the arrowheads. Thank God the elders and chiefs survived it. I still can remember the last time I…

Candidates got 61.6 percent pass in five credits, including English Language and Mathematics in the 2023 Senior School Certificate Examination (SSCE) internal results released by National Examination Council (NECO). This shows a marked improvement as 60 peer cent of the candidates passed English Language and Mathematics in the 2022 Senior School Certificate Examination (SSCE) internal results. In a press briefing in Minna on Tuesday, October 10, NECO’s Registrar, Prof. Dantani Wushishi, said the result summary shows that. The number of candidates who registered for the exam was 1,205,888, and the number of candidates who sat for the exams was 1,196,985.…

Israel Umoh Crisis is rocking the Akwa Ibom traditional rulers council as 13 Paramount Rulers joined in suing Governor Umo Eno over the amended State Traditional Rulers Law, 2022 brouhaha. The royal fathers are said to be unhappy over the speedy passage of executive bill tagged: amended Traditional Rulers Law, 2022 into law by the state House of Assembly and subsequent assent to it and swearing in of the President General, Supreme Council of Traditional Rulers into office by the state governor. Though the governor blamed the royal fathers for reneging on the agreement on the introduction of the law,…