Author: straightnewsng.com

Seplat Energy Plc is certain that the federal government would approve its acquisition of ExxonMobil’s assets. The company is a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange. The government had earlier noted that it was not opposed to the deal, but that due process should be followed in acquiring the assets. Read also Court Vacates interim Order against Seplat Energy CEO  Akwa Ibom warns FG, Seplat to stay clear of ExxonMobil shares acquisition Buhari consents ExxonMobil shares acquisition by Seplat But in the company’s unaudited results for the nine months…

Akwa Ibom State Government has sought the partnership of the Ministry of Aviation for continuous development and expansion of Ibom Air, the state-owned airline. Governor Umo Eno, who announced this when he paid to the Minister of Aviation, Mr. Festus Keyamo, SAN, courtesy visit in Abuja, noted that the state is committed to aviation development. According to him, the state has Maintenance, Repair and Overhaul, (MRO) facility and a new international smart terminal building at the Victor Attah International Airport, Uyo. Related posts Nigeria’s Ibom Air roves Ghana airspace, commences regional flight  Address Ibom Air ownership- APC Chief tasks govt…

Men of Ondo State Police Command granted Damilola Adeparusi, popularly known as chef Dammy administrative bail Thursday. Dammy was arrested and interrogated by operatives of the Police AIG Zone 17 in Akure following a petition by her pastor, Prophet Adegoke Jeremiah. The spokesperson for Zone 17, DSP Adeoye Hakeem, explained that the police received a petition against chef Dammy and she was invited by the police. Read also: Guinness World Records attempter attracts rain of curses In a statement on ‘X,’ it wrote “A complaint was received by the office of AIG Zone 17 via a written petition against chef…

The House of Representatives has mandated its Committee on Water Resources to investigate N19.2 billion released for the control of devastating impact of flooding on farmlands across Nigeria. In the last couple of years, flooding has destroyed homes and farmlands and killed many in several parts of the country. A motion by Hon. Sekav Iyortyom in the House on Thursday acknowledged that the flooding in the country was caused by heavy rain and the impact of climate change which deserve urgent, proper planning and proactive actions to prevent damages. Read also Flooding: Akwa Ibom, Bayelsa, Cross River, 32 others on…

The Court of Appeal in Abuja has reversed the nullification of the election of Governor Abdullahi Sule of Nasarawa State by a tribunal. The appellate court, in a unanimous decision by a three-member panel of Justices, voided the verdict of the Nasarawa State Governorship Election Petition Tribunal, which sacked Governor Sule of the All Progressives Congress, APC. Justice Uchechukwu Onuemenam, who delivered the lead judgment held that evidence before it established that the tribunal relied on legally inadmissible evidence, to declare the candidate of the Peoples Democratic Party, PDP, David Ombugadu, as the valid winner of the governorship election that…

The Senate is on the neck of Nigerian National Petroleum Company Limited (NNPCL) over alleged expenditure of hefty N12 trillion on the Turn-Around Maintenance (TAM) of the country’s non-functional refineries. At the centre of the allegation are Mele Kyari, NNPCL’s Chief Executive Officer and other top executives to properly explain the suspicious expenditure. The Senate said it has substantial records of expenditure on TAM, detailing amounts in dollars, Euros, and pounds spent from 2010 to 2023, but without rejuvenating the ailing refineries. Read also Senate probes N11trn contracts for refineries rehabilitation Halt proposed electricity tariff hike- Senate tells Discos Senate…

Federal Government, states, and local government councils in the country got N906.955 billion from the Federation Account Allocation Committee (FAAC) as the October 2023 Federal allocation. According to a communiqué issued by FAAC at its November 2023 meeting, the N906.955 billion distributable revenue comprised: N305.070 billion statutory revenue; N323.446 billion Value Added Tax (VAT) revenue; N15.552 billion Electronic Money Transfer Levy (EMTL) revenue; N202.887 billion Exchange Difference revenue and N60.000 billion augmentation Total revenue of N1,346.519 billion was available in October 2023. Deductions for cost of collection amounted to N53.483 billion, and total transfers, interventions, and refunds totaled N386.081 billion.…

South Africa has tackled Israel for perpetrating what it calls ‘genocide’ against the Palestinians. Already, the South African government describing Israel’s campaign in Gaza as ‘genocide’ has filed a referral to the International Criminal Court against Israel for war crimes. Israel recalled its Ambassador to South Africa, Eli Belotserkovsky for consultations on Monday following a series of highly antagonistic comments and steps by the government in Pretoria over Israel’s military campaign in Gaza. Read also Israel-Hamas War: 5,000 Die in Gaza, declares Health Ministry  Israel-Hamas war: 17 British, 14 American nationals feared killed  World Rues over surprise attack of Israel…

Contrary to the prevailing market prices, Akwa Ibom State budget estimate of N845.632 billion for the 2024 Financial Year has experienced a slight decrease compared to N850 billion budgeted for 2023. The total estimate for the 2023 financial year comprised Recurrent Expenditure of ₦394.315 billion and the Capital votes of ₦455.685 billion. This year’s budget shows a decrease of 0.5 per cent from the 2023 revised budget. Read also Gov Udom affirms 2023 Akwa Ibom Appropriation Act    Akwa Ibom 2022 Appropriation Bill Becomes Law- Governor Akwa Ibom 2019 Audited Financial Report Sparks More Controversies Tagged “Arise Budget for Growth…

Mali bashed Concacaf champions Mexico in the last 16 of the FIFA Under-17 World Cup Indonesia 2023 to cruise into the tournament’s quarter-finals. Mahamoud Barry scored twice in the first 15 minutes of the encounter and laid on another as Mali stormed through to the last eight with a 5-0 win over Mexico on Tuesday in Surabaya, Indonesia. Ibrahim Diarra scored the third goal of the game to give the young Malians a comfortable three-goal lead. Ibrahim Kanate scored a 37-minute penalty to hand Mali a 4-0 lead at halftime. Read also: Under-20 Africa Cup of Nations: Mali Beat Senegal…