Author: straightnewsng.com

Royal Dutch Shell paid $4,322,742,582 (about N1.5 trillion) to the federal government in 2017, according to its annual payments report. The amount is broken down as $3,197,530,557 for production entitlement, $765,526,389 in taxes, $245,769,306 in royalties and $113,916,331 in fees. By comparison, Nigeria earned a total revenue of N10.6 trillion in 2017 from both oil and non-oil sources, according to CBN Economic Report, meaning Shell alone contributed about 15 percent to the country’s income. The total paid to Nigeria by Shell is the highest to any country where the international oil company operates. The closest country to Nigeria is Malaysia,…

Malam Adamu Adamu, the Minister of Education, has promised adequate support for the security of lives and property of students of Federal Unity colleges and other schools in the country. Adamu gave the promise in Abuja on Monday at the inauguration of the Central Planning Committee on Security Education and Awareness Campaign for Principals and Teachers of Federal Government Colleges. He said that over the past decade, Nigeria had grown more insecure, largely due to ethno-religious crisis and Boko Haram insurgency in the north, including cultism and ritual killings in the south. The minister said that it was worrisome as…

Kemi Adeosun, the Minister of Finance, has refused to approve payment of $16.9 million fees to two lawyers for the recovery of Abacha’s loot worth $321 million. Adeosun also wrote a strong-worded letter to President Muhammadu Buhari to raise objections to the payment. The recovered sum, according to TheCable, an online platform, has been repatriated to Nigeria by the Swiss government, following the execution of the memorandum of understanding, MoU, between the two countries for the judicious use of the recovery. “It is true that a request was made to the minister of finance for the payment to the Nigerian…

Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, Monday, predicted that the nation’s foreign reserves would soon hit $50 billion mark. Emefiele speaking at the 25th CBN seminar for Finance Correspondents and Business Editors in Uyo, Akwa Ibom State said the reserves have currently risen to $47.4 billion as at April 5. Represented by Mr. Edward Adamu, the Deputy Governor, Corporate Services, Emefiele said that policies of the CBN in recent times helped the country to navigate its way out of economic recession, warning that the nation must remain vigilant and build on the post-recession gains in…

Nigerian Army has vowed to punish erring personnel found to have compromised in their services to the country. Lt. Gen. Tukur Buratai, the Chief of Army Staff stated this Monday at the inauguration of a panel of inquiry to probe allegations by some Nigerians that its personnel were colluding with herdsmen in the killing of natives in Taraba and Benue states. The inauguration of the panel came barely three weeks after Lt. Gen. Theophilus Danjuma, a former Chief of Army Staff, raised the alarm that an ethnic cleansing was being execution in the countrys especially Benue and Taraba states, by militias…

Dr. Daniel Olukoya, the General Overseer of the Mountain of Fire and Miracles Ministries Worldwide (MFM), has revealed that the greatest virus afflciting Nigerians is war against satanic witchcraft. Olukoya stated this Saturday at the church’s monthly “Power Must Change Hands” conference held at the Prayer City, Ogun State, on Saturday. According to him, “Anywhere you see any bloodshed or massive death of people it is not terrorism but the work of satanic witchcraft. An evil force is the one behind all those bloodshed. “Do you expect a sane human being to just slaughter another human being who is still…

After months of apprehension, President Muhammadu Buhari has broken silence by declaring his intention to run for a second term in the office. The President said this on Monday at a meeting of the National Executive Committee (NEC) of the ruling All Progressives Congress (APC) leadership. Bolaji Abdullahi, the national publicity secretary of the APC and Alhassan Ado Doguwa, the Chief Whip, House of Representatives confirmed this while addressing journalists in Abuja after the NEC meeting. The NEC meeting is attended by Vice President Yemi Osinbajo, Senate President Bukola Saraki, Speaker of the House of Representatives Yakubu Dogara and other…

Kentucky couple from United States of America said to have divorced 50 years ago are set to retie the knot on April 14. In 1967, Kentucky couple Harold Holland and Lillian Barnes split up after a 12-year marriage and five children. Holland takes the blame for the breakup of the marriage. “It was 100 percent my fault,” he told the Lexington Herald-Leader, saying he spent too much time working to build his flooring business and not enough with his wife and family. Holland, 83, married another woman in 1975 and she died in 2015. Barnes, 78, married twice but outlived both men; the…

A total of 59 out of the 63 students of Internally Displaced Persons, IDPs, of Ohogua camp, Benin City, Edo State, who wrote this year’s Unified Tertiary Matriculation Examination, UTME, conducted by the Joint Admission and Matriculation Board, JAMB were said to be successful. Solomon Folorunsho the general overseer of International Christian Mission Centre and operator of the camp, said the students scored above 200, with some scoring as high as 298. It will be recalled that Yakubu Dogara, speaker of the House of Representatives, paid the registration fees for the students to sit for WAEC, NECO and NABTEB as…

The Nigerian National Petroleum Corporation, NNPC, Sunday, said it has completed the audit of its financial statements up until December 31, 2016, assuring that its accounts were up to date. The NNPC, in a statement in Abuja, said audited backlog had since been formally approved by the Board of the corporation in line with extant laws governing the operations of the national oil company. Mr. Isiaka AbdulRazaq, Chief Financial Officer/Group Executive Director (CFO/GED), Finance & Accounts of the NNPC, said the delivery of the audited financial statements would help foster better relations with stakeholders and further promote transparency and accountability in the…