Author: straightnewsng.com

Speaker of the House of Representatives, Yakubu Dogara, said Monday that there was need for Nigerians to get value from the N123 billion Nigerian Electricity Market Stabilisation Fund, NEMSF, provided by the Federal Government as subsidy to operators in the sector. Dogara stated this at the public hearing held by the House Ad-hoc committee set up to interface with the Nigerian Electricity Regulatory Commission, NERC, on the Multi-Year Tariff Order, MYTO. The speaker explained that the investigative hearing became necessary in order to critically examine and re-assess all inputs and assumptions in the Multi-Year Tariff-Order, MYTO, system in the electricity…

The Chairman of Reformed All Progressives Congress, R-APC, Buba Galadima, has said the cosy relationship between President Muhammadu Buhari and the national leader of the All Progressives Congress, Asiwaju Bola Tinubu, was an afterthought. In a tell-all account in the current edition of The Interview magazine, Galadima said he was principally responsible for the alliance between the Congress for Progressive Change, CPC, and the Action Congress of Nigeria, ACN, against Buhari’s wishes. Buhari and Tinubu were the leaders of CPC and ACN, two of the five legacy parties that formed the APC in 2014. Galadima said, “Buhari was the one…

Oando Plc recorded N8.5 billion profit in the first half of 2018 (H1’18), the company’s seventh quarter consecutive profit. The company’s profits swelled as oil prices increased. An analysis of Oando’s financials shows that the company’s turnover grew by 11 percent to N297.3 billion from N267 billion (H1 2017); gross profit increased by 53 percent to N51 billion compared to N33.4 billion (H1 2017); and profit-after-tax increased by 86 percent to N8.5 billion compared to N4.6 billion (H1 2017). In its upstream business, Oando recorded a net profit of N27.1 billion ($75.2 million) compared with N16.3 billion ($53.2 million) in the comparative…

The panel’s report of the House of Representatives indicted President Muhammadu Buhari’s special assistant on prosecutions, Mr. Okoi Obono-obla over forgery of his secondary school certificate and wrongful utilisation of public funds. Obono-Obla and members of the Special Investigative Panel were asked to refund the N17 million excess funds collected as honoraria for sittings and indicted for violation of the presidential order on flying business class. Reacting, Obono-Obla, who the committee asked to be subjected for prosecution, said he had challenged the propriety of the House Committee to investigate the presidential panel, saying that the House does not…

Jose Mourinho says Liverpool are ‘’big candidates’’ for the title having spent 170 million pounds on four players this summer. Yet, Jurgen Klopp on Friday laughed off suggestions by Jose Mourinho that Liverpool’s transfer spending spree meant the club faced greater pressure to win the Premier League title. Liverpool have spent heavily this year as they attempt to close the gap on champions Manchester City, splashing out more than 200 million pounds for Alisson, Naby Keita, Fabinho, Xherdan Shaqiri and Virgil van Dijk. Mourinho said earlier this week that Liverpool’s transfer activity ought to increase expectation of a title victory.…

Not everybody is a people person. If this sounds like you, your best approach for finding a job could be searching for work where people skills aren’t all that necessary. To find these jobs, we averaged data from the Occupational Information Network, or O*NET, a US Department of Labour database full of detailed information on 974 occupations. O*NET rates each occupation on a scale from zero to 100 on how much a job requires workers to be in contact with others and how much a job requires workers to be pleasant with others. We averaged these ratings to find which…

A detachment of soldiers from the military base in Akwa Ibom State, Sunday, went berserk, setting some market stalls and houses ablaze in Iwukem village, Etim Ekpo local government area, following the killing of their colleague and five persons by armed militants. It was gathered that the militants numbering about 50 stormed the small community at about 10 p.m on Saturday, attacked members of the civilian Joint Task Force and immediately opened gunfire at the village roundabout where the soldiers stationed, killing a soldier and five civilians at the checkpoint. Two others who sustained injury, according to Sifon Akpan, one…

A Nigerian social media commentator and critic sees Comrade Adams Oshiomhole, National Chairman of the All Progressives Congress (APC), strident attacks on Samuel Ortom, the Benue State Governor over the exit of the latter from the party as an attribute of a two-faced person. Oshiomhole, Friday, said Ortom’s exit was a blessing in disguise to the APC because his three and half years as governor in the stage was a waste as he had no single project to show for the mandate given to him by the party. However, Reno Omokri, a one-time aide to ex-President Goodluck Jonathan writing on…

Akwa Ibom government, Saturday, threw mud on fake news story circulating in social media and dubbed: ‘’South-South Governors, PANDEF Hold Emergency Meeting over $2Billon Katsina Refinery. Back out of Ceasefire Agreement in N/Delta, Call Buhari President of the North.’’ The Federal Government formally launched fake news campaign on July 11, 2018, noting that fake news when mixed with hate speech would amount to a disaster waiting to happen. Alhaji Lai Mohammed, Minister of Information and Culture, who launched the campaign, said fake news was becoming a serious threat to global peace, including Nigeria, that if left unchecked, could endanger human…

The FIFA World Cup undoubtedly the most widely watched tournament in the world showed the 2018 FIFA recording over 7.5 billion engagements across all digital platforms and over 580 million interactions on social media in the history of the mundial. Unlike the Brazil edition, this year’s edition of the World Cup received a decline in the sponsorship numbers. The 2018 World Cup received US$1.450 billion in sponsorship deals compared to US$1.629 billion in 2014 as quoted by Nielsen group. This was mainly attributed to the corruption charges that hit the organisation at the start of the 2015-18 cycle, that led to FIFA…