Author: straightnewsng.com

Strategic Capital Investment Limited, the preferred bidder for the lender, has taken over the ownership of Polaris Bank limited at N50 billion to avoid distress, Central Bank of Nigeria (CBN) announced this late Thursday. Polaris Bank Limited is a commercial bank based in Nigeria and is licensed by the Central Bank of Nigeria, the country’s banking regulator. This came four years after the government took over the distressed Skye Bank, and Polaris took over all assets and liabilities of collapsing Skye Bank in September 2018. Federal Government injected more than N1 trillion of public funds to recapitalise the renamed bank…

Nigeria’s Flamingos have qualified for the semi-finals of this year’s U-17 women’s World Cup played in India. Goalkeeper Faith Omilana proved her class as the Flamingos sailed into the semi-finals at the 2022 FIFA U-17 Women’s World Cup following a 4-3 penalty shootout win against United States of America. It’s the first time the Flamingos would make it to the last four of the competition. Read also U-17 World Cup: Nigeria’s Flamingos Qualify For Q/Final after beating Chile Nigeria’s Flamingos thrash New Zealand at FIFA U-17 Women’s World Cup The quarter-final encounter at the DY Patil Stadium in Navi Mumbai…

The Supreme Court, Friday, in Abuja affirmed Oborevwori Sheriff Francis Orohwedor, as the governorship candidate of the Peoples Democratic Party (PDP) in the 2023 governorship election in Delta State. Orohwedo, who is the Speaker of Delta State House of Assembly, was sacked by the Federal High Court, Abuja, on Thursday, July 7, as the PDP candidate from contesting the 2023 governorship election in the state. The Apex Court upheld the decision of the Court of Appeal delivered on Monday, August 29, which voided and set aside the judgment of the Federal High Court, that nullified his nomination on the grounds…

Reason has been given for the removal of the Niger Delta Development Commission (NDDC) Interim Sole Administrator, Effiong Akwa from office by President Muhammadu Buhari, Straightnews has learned. Akwa who was appointed as Interim Sole administrator of NDDC on December 13, 2020 during Senator Godswill Obot Akpabio’s era as Minister of Niger Delta Affairs was Thursday, October 20 booted out of office by the reigning Minister, Obong Umana Okon Umana. The out-gone Sole Administrator and the two Ministers are all indigenes of Akwa Ibom State in the Nigeria’s South South Region and had served the State under the administration of…

The election to replace outgoing UK Prime Minister Liz Truss as leader of the Conservative Party would take place on October 28, the official in charge said Thursday. This follows the resignation of Truss on Thursday, just 45 days after assuming the office, the shortest tenure of any British prime minister. She announced her decision to step down outside Downing Street. Read also: UK prime minister Truss resigns “It will be possible to conduct a ballot and conclude a leadership election by Friday, October 28. So, we should have a new leader in place before the fiscal statement which will…

The United States has pledged to give $1 million in humanitarian assistance for people affected by increasing flooding in Nigeria. The assistance to be provided by the U.S. Agency for International Development (USAID), will allow the $1 million will allow local partners on the ground to provide emergency shelter assistance, relief commodities, and hygiene kits to promote safe and healthy practices amid the ongoing cholera outbreak. The U.S Consulate in Nigeria on Thursday, October 20 said the unusually heavy rainfall is regrettable with flooding affecting nearly 2.8 million people across the country, completely damaging or displacing millions of people. Read…

The removal of the names of Senator Bassey Albert Akpan popularly known as OBA and Mr Effiong Akwa from the 2022 National Honours list, has drawn the ire of Akwa Ibom Integrity Alliance. Senator Akpan representing Akwa Ibom North East Senatorial District in the Red Chambers was tipped for Commander of the Order of the Niger (CON) while Akwa, the immediate past Interim Sole Administrator of Niger Delta Development Commission, NDDC, was to be honoured with Member of the Federal Republic (MFR). However, the names of the two prominent Akwa Ibom indigenes were conspicuously omitted in the final list when…

After spending 45 days in the office, Liz Truss, , the United Kingdom Prime Minister, on Thursday, stepped down from her position. Her resignation was coming barely two months after coming into office. Truss said she would step down after a week-long emergency contest to find her successor. Read also: Truss gets Queen Elizabeth’s nod as Britain’s new Prime Minister She announced her decision to step down on Thursday outside Downing Street. “I entered office with a vision for a low-tax, high-growth economy that would take advantage of the freedoms of Brexit,” Truss said. She added, “I recognise that, given…

President Muhamadu Buhari has removed the Sole Administrator of the Niger Delta Development Commission (NDDC), Effiong Akwa. No official reason was given for the removal of the NDDC boss. In a statement by the Director of Press, Ministry of Niger Delta Affairs, Patricia Deworitshe, the President also announced the constitution of a new management team and Governing Board of the NDDC. Read also: Akwa Ibom Son Becomes NDDC’s Sole Administrator In a statement by the Director of Press, Ministry of Niger Delta Affairs, Patricia Deworitshe, the President also announced the constitution of a new management team and Governing Board of…

Nigerian Minister of Works and Housing, Babatunde Fashola, has announced the completion of the Second Niger Bridge awaiting inauguration. Fashola stated this Wednesday in Abuja at the unveiling of President Muhammadu Buhari’s scorecard series (2015-2023). He, however, said connecting roads to the bridge are still under construction. Related news: FG Sets Up C’ttee To Investigate Cambridge Analytica Attacks On Nigeria The minister explained the reason why the Federal Government opted for SUKUK bond. He said SUKUK helped to fund road construction across the country. According to Fashola, “Second Niger Bridge is completed. What is remaining is a 4km interchange road…