Author: straightnewsng.com

The nine crude oil producing Nigerian states collected N54.206 billion as derivation (13 per cent of Mineral Revenue) for September 2021. The states are Akwa Ibom, Lagos, Delta, Rivers, Bayelsa, Ondo, Edo, Imo and and Abia with Akwa Ibom, Delta, Rivers and Baylesa accounting for 80 per cent crude oil produced in the country. This is as the three tiers of government in the country collected N739.965 billion from federation allocation for the same month, according to the Federation Accounts Allocation Committee, FAAC. A statement from Oshundun Olajide, Deputy Director (Information), Ministry of Finance, Budget and National Planning late on…

France confronted Britain by seizing its fishing trawler for entering its territorial waters without a licence on Thursday and issued a warning to a second vessel in a dispute over access to fishing grounds after Brexit. Furious that Britain has refused to grant its fishermen the full number of licences to operate inside British waters that France says is warranted, Paris announced retaliatory measures on Wednesday if there was no progress in talks. The French government said it would from November 2 impose extra customs checks on British goods entering France, raising the prospect of more economic pain before Christmas…

Senators under Committee on Niger Delta Affairs sought better funding of the Ministry on Thursday, to sustain the current peace being enjoyed in the region. Speaking during the 2022 Budget defence by the Ministry of Niger Delta Affairs, Senator James Manager described the budget allocated to the Ministry in 2021 and 2022 as too meagre to achieve anything meaningful in the region, advising that anything humanly possible to sustain the current peace being enjoyed in the region must be encouraged. “The ministry’s budget is too small to sustain the current peace we are enjoying in the region. It is the zone…

Anxiety has gripped members of Peoples Democratic Party as the Appeal Court in Port Harcourt has reserved to give its ruling on holding of the party’s National Convention for Friday at 12 noon. This is as the suspended PDP National Chairman, Prince Uche Secondus, had filed application, seeking the suspension of the party’s National Convention scheduled for Saturday. Secondus in the motion, CP/PH/339/2021, is praying the court to give an Interim Order of Injunction suspending Saturday’s national convention of the party pending the determination of the suit challenging his removal as the National Chairman of the party. The three-man appeal…

Facebook has changed its name to ‘Meta’ in a major rebrand as the social media giant continues to face an unprecedented scrutiny over its business practices. The company said the new name would better “encompass” what it does now. The firm has made clear its future goal to create an online world, called Metaverse, where people can work, game and communicate in a virtual environment, using VR headsets. “We believe the metaverse will be the successor to the mobile internet. We’ll be able to feel present – like we’re right there with people no matter how far apart we actually are,”…

By Bassey Asuquo Museums are regarded as buildings or institutions dedicated to the acquisition, conservation, study, exhibition, and educational interpretation of objects having scientific, historical, cultural or artistic value. The Oron museum is serving such purposes. According to research, the National Museum, Oron was established in 1958 to accommodate 800 known ancestral figures (Ekpu Oro) of the Oron people which are believed to be among the oldest and finest surviving wood carvings in Africa. During the civil war, many of the wood carvings were looted and the museum severely damaged, and in 1975, it was re-inaugurated. At present, it houses the remains of the wooden sculptures and other ethnographic materials from across Nigeria. The Oron…

By Bassey Asuquo Religion is the belief in a reality beyond what is perceptible by the senses, and the practices associated with this belief. Belief on its own is the faith or trust in the reality of something, often based upon one’s own reasoning, trust in a claim, desire of actuality, and /or evidence considered. Religion and beliefs vary according to countries, states, tribes, ethnic groups and even individuals. According to research,  in the pre-colonial era, Ibibio religion (Inam) was of two dimensions, which centered on the pouring of libation, sacrifice, worship, consultation, communication and invocation of the God of Heaven (Abasi Enyong),…

True peace is not merely the absence of tension: it is the presence of justice ― Martin Luther King, Jr. The recent claim by Eastern Obolo stakeholders over what they perceived as attempt to cede some oil wells to three local government areas in Akwa Ibom State poignantly attracted the concern of many. Addressing newsmen on the matter recently, Dr Amah William, the Secretary-General of IILIMA, socio-cultural organisation working for the promotion of ideals and welfare of Eastern Obolo people in Akwa Ibom state, raised alarm on purported plan by the state government to cede 17l communities with more than 56 oil wells to Onna,…

The 73-kilometre Aba-Ikot Ekpene Road in Abia and Akwa Ibom States is one of the 21 federal roads approved by Federal Executive Council for reconstruction across the six geopolitical zones of the country. The National Union of Petroleum and Natural Gas Workers (NUPENG) had decried the loss of its members and properties to dilapidated roads, but NNPC appealed to the union to shelve the planned strike and accepted to rebuild some of the roads. Consequently, FEC approved N621.2 billion for Nigerian National Petroleum Corporation to fix the 21 federal roads. Also, FEC has approved the rehabilitation of a 49-kilometre Umuahia…

Twitter said it recorded $536.8 million loss or 67 cent per share, in the third quarter of 2021, according to its financial results released Tuesday. That is down from a profit of $28.7 million, or 4 cents per share, in the same period a year earlier. The San Francisco-based company blamed it on lawsuit settlement, but its revenue rose sharply in the third quarter, boosted by solid ad sales around the globe. The loss included a one-time net charge of $766 million from a shareholder lawsuit the company settled. Twitter said last month that it will pay $809.5 million to settle…