Author: straightnewsng.com

Presidential Candidate of the Labour Party (LP) in the 2023 election, Mr Peter Obi, said the Nigerian Senate still owes the people some explanations as regards the budget padding scandal rocking the Upper Chambers at the moment.  Obi said the claims and counter-claims over the alleged N3trillion which was padded into the 2024 budget, requires proper explanation as to what Nigerians must need to know regarding management of the nation’s. The Senate under the leadership of Senate President Godswill Akpabio had on Tuesday suspended Senator Abdul Ningi over allegations of N3.7 trillion padding of the 2024 Budget. Ningi, of the…

For improved power supply in the country, the Federal Government has directed the Nigerian Electricity Regulatory Commission (NERC) to withdraw licences of non-performing electricity distribution companies (DisCos). According to the 2020 World Bank Doing Business report, Nigeria ranks 171 out of 190 countries in getting electricity and electricity access is seen as one of the major constraints for the private sector. Straightnews learnt that lack of access to the electricity grid affects 45 percent of the population (90 million people) in Nigeria, making the country the largest number of people not connected to electricity. Unhappy Adebayo Adelabu, the minister of power, said…

Baring threat to her life, First Lady Oluremi Tinubu says she is too old to be afraid of death at 60 years. The president’s wife said this at the palace of Emir of Bauchi, Dr Rilwanu Suleiman Adamu, on Tuesday when she visited Bauchi for inauguration of an Alternative High School and ICT centre. During the visit, the issue of a cleric, Sunusi Abubakar, who issued death threat against Tinubu’s wife, was mentioned. In a viral video, the cleric who spoke in Hausa stated that “now, Tinubu’s wife is an infidel, and even as an infidel, she is the head…

The inauguration of the Ad-hoc Committee to probe the N30 trillion Ways and Means advances under former President, Muhammadu Buhari may cause Godwin Emefiele, the immediate past Central Bank of Nigeria governor, sleepless night. Emefiele is the immediate past governor of the Central Bank of Nigeria from 4 June 2014 to his suspension by President Bola Tinubu, on 9 June 2023. This may not be connected with Emefiele demanding an apology in written form from Akpabio and publication in the media or be slammed with a N25 billion lawsuit on the Senate President for stating that President Bola Tinubu’s administration…

The Presidency and the Socio-Economic Rights and Accountability Project (SERAP) are close circuiting each other over allegations of the 9th Senate padding the 2024 budget by N3 trillion. While the Presidency denied allegations,  SERAP wrote ‘‘We urge the Senate President, Mr Godswill Akpabio to urgently clarify the allegations that “senators under his watch discreetly inserted projects with no locations and worth N4 trillion in the 2024 budget.” The reactions followed accusations by Senator Abdul Ningi of Bauchi Central (PDP) that the executive is implementing a budget other than the one approved on January 1, 2024. Ningi who under the aegis…

For the first time in history, Bitcoin surpassed $70,000 amid market volatility on Friday, setting a new record. According to Coin Metrics, the digital currency last increased by around 2% to $69,304.84 but it once escalated to as high as $70,170.00, beating the previous high from Tuesday. Bitcoin is projected to conclude the week with a 10% increase. The rise began when the U.S. stock market started trading. The newly introduced spot bitcoin exchange-traded funds in the U.S. appear to be influencing significant shifts in cryptocurrency during traditional stock trading hours. Also read Bitcoin, Other Cryptocurrencies Soar to 20-month High…

The Economic and Financial Crimes Commission (EFCC), Uyo Zonal Command says it has begun taping the 10 suspected crude oil suspects in Akwa Ibom State. The suspects were handed over to it by the Nigerian Navy Forward Operating Base (FOB), Ibaka of the state. In a statement by EFCC Spokesperson, Dele Oyewale on Saturday, March 9, 2024, stated that the suspects, who allegedly operated without the appropriate licences, were apprehended by the Navy while onboard a ship, MT Queen Hansal, loaded with 100 metric tonnes of petroleum products. He further mentioned that during the handover of the arrested suspects and…

As Ramadan begins Monday, President Bola Tinubu has urged Muslim faithful to pray for peace, unity, prosperity and stability in the country. A statement signed for Tinubu welcomed Muslims in the country into the holy month of Ramadan, expressed  best wishes to the faithful as the month-long fasting commences. The statement issued by Secretary to the Government of the Federation (SGF), George Akume and signed by the director of information in the office of the SGF (OSGF), Segun Imohiosen, admonished Muslims in the country to observe the month according to the precepts of Prophet Mohammed. The statement said: “The Secretary…

The 51-year-old marriage of Folorunsho Alakija, regarded as the country’s richest woman, to her husband, Modupe Alakija, is reportedly hitting a rock. The society matriarch has allegedly separated from her spouse, according to The Will newspaper. Married in November 1976, the couple are blessed with four sons. According to the report, the couple have been facing frequent disagreements, ultimately resulting in their decision to live separately. Also read Famous Ikoyi Club Suspends Folorunso Alakija’s Husband It took 10 days for God to stop me from using Jewelry- Alakija Don’t undermine Girl Child Abilities but invest in the future-Alakija Modupe Alakija…

The Federal Government’s stance to break the monopoly of MultiChoice Nigeria on pay-as-you-go billing is yielding fruit with the official launch of an indigenous Nigerian satellite television, Silver Lake Television (SLTV), in Abuja. Straightnews gathered from reports that the Nigerian Broadcasting Commission (NBC) is mulling pay-as-go-view billing for viewers in the country. Speaking to reporters at the launch, the Director General and Chief Executive Officer of the Nigerian Broadcasting Commission (NBC), Charles Ebuebu, stated that the commission would consider the call by Nigerian pay satellite television subscribers for the introduction of pay-per-view options. MultiChoice is a South African company operating…