Author: straightnewsng.com

The Nigerian Upstream Regulatory Commission (NUPRC) has deployed initiatives to assist marginal field awardees progress in field development. This is in recognition of the funding challenges facing some of the awardees of the 2020 Marginal Field Bid Round licences. Consequently, NUPRC is planning a production-based lending engagement that will help them source needed capital to commence full field development towards hitting first oil. The engagement which is planned to commence soon will be between the Commission, Petroleum Production Licence (PPL) Awardees, Exploration and Production (E&P) service providers and Nigerian Banks. It is to provide platforms for strategic partnership/alliance between the…

Iniobong Sunday Ahead of Saturday’s governorship and state Assembly elections, the Integrity Alliance for Good Governance, IAGG, has criticised Akwa Ibom government for allegedly compelling its appointees and royal fathers in the state to deliver PDP candidates. This follows accusation that traditional rulers and government appointees in the state are under intense pressure to deliver the Peoples Democratic Party, PDP, at the forthcoming polls. Addressing journalists in Uyo, the Akwa Ibom capital on Tuesday, the leader of the group, Comrade Akwaowo Unang, said ‘’the affected royal fathers and government appointees, came to us with the complaints that the traditional institution,…

A former prosecutor with the Economic and Financial Crimes Commission (EFCC), has sued Akwa Ibom State Governor, Mr. Udom Emmanuel, on the utilization of 13 percent oil derivation refunds aid received from the Federal Government. Apart suing the governor before the Federal High Court, Lagos, Nkereuwen Mark Anana has also listed in the suit the state’s Accountant-General and the Accountant General of the Federation (AGF) as first to third defendants. In his 35-paragragh affidavit in support of the motion, Anana, Akwa lbom State citizen stated that sometime in November 2022, at the venue of the inauguration of the Nigerian Law…

At last, the Central Bank of Nigeria (CBN) has again recognised the old N200, 500 and 1000 notes as legal tender till December 31, 2023. The CBN gave the directive at a Bankers’ Committee meeting held on Sunday, according to a statement by the acting Director, CBN Corporate Communications, Isa AbdulMumin, on Monday. This is coming hours after Anambra State Governor, Professor Chukwuma Soludo, also a former CBN Governor broke the news that the apex has directed commercial banks to receive and dispense the use of old Naira notes. The Presidency Monday evening said the CBN had no reason not…

Former Nigeria international footballer, Vincent Enyeama was named the greatest African goalkeeper of all time. Enyeama who comes from Akwa Ibom State was named by the International Federation of Football History and Statistics (IFFHS). The all time goalkeeper ranking was decided from 1987 to 2022. The IFFHS released the list of greatest goalkeepers in each FIFA federations with Enyeama selected from CAF. Enyeama represented Nigeria at three FIFA World Cups in Korea/Japan 2002, South Africa 2010 and Brazil 2014. He featured in all the Super Eagles’ matches as they became African champions at the 2013 AFCON in South Africa. Enyeama…

The Nigeria Labour Congress is poised for a showdown by issuing a seven-day ultimatum to the Federal Government to end the cash crunch in the country. President of the Nigeria Labour Congress, Comrade Joe Ajaero issued the ultimatum on Monday in Abuja, at the opening session of the Central Working Committee (CWC) meeting of the labour union. Ajaero, who frowned at the difficult situation foisted on Nigerians as a result of the cash swap policy of the Federal Government, warned that on the expiration of the seven days, workers would be directed to stay away from work if nothing is…

Many of Hollywood’s biggest stars were honored at the 95th Academy Awards on Sunday. “Everything Everywhere All at Once” led this year’s Oscars, winning seven of the 11 awards it was nominated for including the night’s biggest prizes of best picture and best director. Michelle Yeoh, the film’s star, made history as the first Asian woman to win the Oscar for best actress. Also read:  Stars to sparkle at 2023 OSCARS show “This is proof that dreams … do come true,” she said during her acceptance speech. “And ladies, don’t let anybody tell you are ever past your prime.” Other actresses nominated…

The Nigerian Meteorological Agency (NiMet) has alerted pilots and passengers of thunderstorms and other dangerous weather conditions following the onset of rains. A statement issued Saturday by its General Manager in charge of Public Relations, Muntari Yusuf, stressed that thunderstorms could cause delays, diversion, and cancellations of flights in Akwa Ibom, Bayelsa and other coastal states. NiMet noted that the effects of thunderstorms are dangerous to the aviation industry, particularly the aircraft operations, and passengers, adding that the threats extend to the safety of lives and property. The agency said that rains currently prevalent in the Southern parts of Nigeria…

The Socio-Economic Rights and Accountability Project (SERAP) has threaten a legal action against the Federal Government over its threat to shut down broadcast stations.   Last week, the government through the National Broadcasting Commission said it will shut down broadcast stations found culpable of using their platforms to undermine the peaceful co-existence of Nigeria.   Following a meeting between NBC’s Director-General, Balarabe Ilelah and broadcast stations on the coverage of the February 25 Presidential and National Assembly elections, the Commission said it would not hesitate to revoke the licence of broadcasters threatening the peace of the country.   It also…

The 95th Oscars will be held on Sunday, March 12, 2023, at the Dolby Theatre at Ovation Hollywood and will be televised live on ABC and in more than 200 territories worldwide. Some of the biggest stars expected at the Hollywood’s night of the year include Pedro Pascal, Harrison Ford, Halle Berry, and Elizabeth Olsen. This year’s ceremony will commence at the Dolby Theatre at Ovation Hollywood in Los Angeles at 8 p.m. ET/5 p.m. PT. In this event, all 23 categories will feature live after last year’s decision to pre-tape eight competitive categories sparked backlash from industry professionals. This is also the first…