Author: straightnewsng.com

The Central Bank of Nigeria, CBN, and three other banks in the country received $41.736 million dividends, (N12.938bn) in 2017 from their investments in regional multinational financial institution, the Africa Finance Corporation, AFC. The other banks, according to data obtained from the AFC’s 2017 Financial Report, are United Bank for Africa Plc, Access Bank Plc and First Bank of Nigeria Plc. The three banks, in addition to the CBN, currently accounts for 72.3 per cent of the total shareholding of the AFC. The CBN is the majority shareholder of the AFC, with 42.3 per cent shareholding, followed by UBA and…

The National Youth Service Corps, NYSC, and Kemi Adeosun, the Minister of Finance seemed to rock different pages as the scheme said she applied for the Exemption Certificate, but the Minister posed on NYSC kits during her youthful years dominated the social media. On Monday, Mrs Adenike Adeyemi, the NYSC Director of Press and Public Relations, in a terse statement admitted that Mrs. Adeosun did apply for an Exemption Certificate, which is usually given to graduates who are above 30 years. However, the scheme did not disclose whether the Minister was issued with an Exemption Certificate in response to her application.…

A former chairman of the Nigerian Bar Association, NBA, Monday, threw his weight behind the creation of state police to address the security issues in the country. Olisa Agbakoba, SAN, who made this known in an interview with News Agency of Nigeria (NAN) in Lagos, was reacting to renewed clamour for the creation of state police in view of the prevailing security situation in the country. The Senate had on Tuesday last week passed a resolution directing its Constitutional Review Committee to set up a mechanism to amend the constitution to allow for state police. The resolution followed concerns raised…

Leaders of 39 political parties on Monday converged at the Yar’Adua Centre, ‎Abuja, where they signed a Memorandum of Understanding (MoU) to work together in order to dislodge President Muhammadu Buhari in the 2019 general elections and form a national unity government. Party leaders who spoke at the event explained that the essence of the MoU was for all the parties in the coalition to collectively field and support a joint presidential candidate for the election. The parties which signed the MoU are: the Peoples Democratic Party (PDP), Social Democratic Party (SDP), Reformed All Progressives Congress (R-APC), Labour Party (LP),…

Candidates of National Common Entrance Examination (NCEE) held July 7, 2018 in most Akwa Ibom State public primary schools were purportedly forced by school authorities to cultivate school farms as a condition to enter the exams hall, Straightnews has gathered. A visit to Government School, Afaha Ube Itam in Uyo by our correspondent revealed that primary six pupils were, on the orders of the headmaster, cultivating the school farm instead of being in class to read and prepare for the exams. Blessing Udoma, one of the pupils, who spoke to Straightnews, said “I am tired of working. Look at how…

African Champion, Nigeria moved up10 places in the latest FIFA rankings released on Thursday, to become the third best football team in Africa. The Super Eagles, who were eliminated in the preliminary round, garnered 660 points and moved up 10 spots to 34th as against their previous 631 points which left them 44th position in June. Algeria, who got to the second round of the World Cup for the first time in their history, has 874 points to occupy the 24th position in the world and be the best team in Africa, while Cote d’Ivoire has 850 points for 25th…

A village head and four others in Akwa Ibom State arrested for allegedly abducting 19 ExxonMobil staff members are cooling their feet in the police station. The suspects were alleged to have kidnapped the staff traveling from Port Harcourt to Qua Iboe Terminal (QIT), Ibeno in Akwa Ibom for a crew change of duty. The four suspects claimed that Chief Inam Unanaowo, the village head of Atibe in Eket local government area gave them the approval to abduct the ExxonMobil staff. A police source, who claimed anonymity, had said “Initially four persons were arrested in connection with the abduction of…

As the race hots up for the election of a presidential candidate by Peoples Democratic Party, PDP, an ex-Nigerian Vice President made a detour to the political path by outlining his robust plans to resuscitate the nation’s trudging power sector, create jobs and ensure security of lives and property. Answering a series of questions posed by a twitter user on his verified handle @Atiku, on how he intends to find solutions to salient problems of national unity, unemployment, security and some other topics on Nigeria’s development, Abubakar Atiku said if elected as president, he would generate power by ensuring full…

The All Progressives Congress, APC has ignored the rebellion of the Buba Galadima led Reformed All Progressives Congress, RAPC with a four-point criminal charge against the leaders of the group. In a statement made available to journalists at the weekend, Mr. Babatunde Ogala, the National Legal Adviser of the APC, also denounced the formation of the group as grievous to law saying that its emergence was likened to a coup. Asserting that the convention was properly organised against the claim of the RAPC, Ogala said that the convention was the culmination of a series of congresses even as he affirmed…

The senator representing Kaduna Central senatorial district has proffered seven recipes to end the current executive-legislature face-off, urging the Presidency to stop using state apparatus to attack and intimidate members of the National Assembly, NASS. Senator Shehu Sani said this remains the only way the longstanding feud between the Executive and Legislature can be resolved. Sani, who made his proposal in a Facebook post, entitled ”Immediate recipe for peace between the Presidency and the Parliament,” identified at least seven quick tasks to be undertaken by the concerned arms of government. He asked the Presidency to prevail on its appointees to…