Author: straightnewsng.com

Despite rumours, Nigerian Government has kept mum over what is deemed as ‘surreptitious’ payment of subsidy on the imported Premium Motor Spirit (PMS) otherwise known as petrol into the country, Straightnews has learnt. Recall that on May 29, 2023, during his swearing-in speech, President Bola Tinubu announced an end to petrol subsidy regime, triggering a hike in the prices of goods and services in the country. Many people had hailed President Tinubu who is also the Minister of Petroleum Resources over the removal of the subsidy which ex-President Muhammadu Buhari who doubled as the Petroleum Minister had earlier daubed it…

The 36 Nigerian state governors received additional N1,080 billion from the Federal Inland Revenue Service (FIRS) to tackle food scarcity and hardships facing Nigerians. A breakdown shows that each state governor received N30 billion for the programme. Straightnews learnt that President Bola Tinubu might have released the money after a meeting with the state governors and Federal Capital Territory minister, Mr. Nyesom Wike held seven days ago over the rising cost of living in the country. The Nigerian Senate President, Senator Godswill Akpabio said the newly released funds for the state governors are different from their monthly allocation, and urged…

Peter Obi, the 2023 Labour Party Presidential Candidate, has warned against targeting high customs revenues at the expense of the survival of local businesses, employment and reasonable cost of living in Nigeria, Writing on his X (formerly Twitter) account on Wednesday, Obi decried the arbitrary charges by the Federal Government on imported goods, saying such could lead to inflationary spike and other attendant effects on the country’s ailing economy. He observed ‘‘it is now negatively impacting businesses and the cost of items, and this portends a huge danger to the economy. ”A situation where at the point of initiating importation,…

The Nigerian government has blocked the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds. Sources within the major telecommunication companies in the country told PREMIUM TIMES Wednesday evening that the Nigerian Communications Commission (NCC) communicated the directive to telcos and they had started acting on it. Apart from Binance, other platforms such as Forextime, OctaFX, Crypto, FXTM, Coinbase, Kraken, among others, were equally blocked. News had on Wednesday filtered that the government was considering blocking the online platforms of Binance and other crypto firms…

Kylian Mbappe has joined Real Madrid from Paris Saint-Germain this summer in a move that is already being described as “the most expensive free transfer in history” The France international, who has already told PSG he will leave the club at the end of this season, will become a Real player on July 1. Real have held a long-term interest in the 25-year-old and are prepared to make him the highest-paid player in their history, although on a lower salary than he earns at PSG where his wages cost £171m per year. Real have held a long-term interest in the…

The initial gra gra by the then Minister of Labour and Productivity, Dr. Chris Ngige in refusing to direct payment of salaries to Nigerian universities’ lecturers faded off with his exit from power in May 2023. The Academic Staff Union of Universities (ASUU) called off its members to down tools and they abandoned the classrooms for eight months. Despite negotiations and concessions, the ASUU members did not shift ground and the Federal Government delegation did not cave into ASUU’s stance. Hence, the lecturers were unpaid for failing to register with IPPIS resulting in the government’s invocation ‘‘No work, no pay’’…

Former Commissioner for Agriculture and Natural Resources in the state, Obong Eno Akpan, has hailed Large-Scale Farmers’ Association in Akwa Ibom for its determination to redress the precarious food crisis in the country. Poised to address the high cost of food items in the country , the federal government one week ago, ordered immediate release of 102,000 metric tonnes of rice, maize, millet, and garri from government reserves and stores of rice millers to the Nigerian market. Akpan who is also the Chairman, Board of Trustees, Large-Scale Farmers’ Association in Akwa Ibom stated this on Friday at the presentation of…

The ex-Big Brother Naija, BBNaija, reality show winner, Josephine Otabor, popularly known as Phyna, on Saturday escaped kidnappers’ angst in Delta State. Phyna made this known in a post on her official X account on Saturday evening. Narrating her experience, the reality star said the kidnappers hijacked four cars in front of the vehicle she rode in and abducted the occupants. She wrote, “So I got to Delta State today (GIG) we were moving in convoy and suddenly one of the cars drifted off the road, which led to a very minor accident, so we all had to stop to…

A notorious cult leader, Gift David Okpara, also known as 2Baba, the prime suspect in the brutal murder of a former Divisional Police Officer has reportedly died in a major security raid led by police in Rivers State. SP Bako Angbashim, the DPO was ambushed and captured by 2Baba’s gang in Odiemudie community, Ahoada East LGA of the State in September 2023. The DPO was taken into the forest where he was killed and his body dismembered and filmed by the cultists. The police and other security agencies were said to have coordinated a land and aerial raid simultaneously at the…

Nigerian lawyer, Mrs Adachukwu Okafor, who allegedly abused her 11-year-old house help now Nigeria Police detention is to be arraigned in court. The Special Assistant on Media to the Minister of Women Affairs, Ohaeri Joseph, in a statement, said the lawyer has been on the run since the news of her alleged crime broke on the internet. He said weapons used to brutalise the child include a broken bottle, a knife and an electric pressing iron. The minister had earlier placed a N2 million reward for any information on the lawyer who disappeared after a video of her misdeeds went…