Author: straightnewsng.com

Tesla shares suffered their worst fall in the company’s history, down 14% to $284.70 and wiping $150 billion of the firm’s market value, shocking investors in the EV maker who were collateral damage in a bitter battle. The decline was triggered by a public feud between CEO Elon Musk and US President Donald Trump. The plunge wiped out roughly $152 billion in market capitalization in a single day, marking one of the steepest losses in the company’s history. Also read: Donald Trump lures Canada to join USA With this drop, Tesla’s valuation fell below the $1 trillion threshold, settling at around $916 billion.…

Uyo, capital of Akwa Ibom, Nigeria’s 21 state is agog over the anticipated defection of Governor Umo Eno’s anticipated defection from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), Friday, June 6, 2025. Straightnews can authoritatively say that the Senate President Godswill Akpabio would fly in from Abuja today, while the Minister of State for Petroleum Resources (Gas), Obongemem Ekperikpe Ekpo is in town for the event. Some state governors and other political heavyweights arrived in Akwa Ibom on Thursday evening ahead of the defection. Also read: Build Us a Brand to Attract Investors- Gov Eno Charges…

US Government has barred nationals from 12 countries from entering the country from Monday under a proclamation signed Wednesday by President Donald Trump, who framed the decision as necessary to bolster national security and combat terrorism. Seven more countries will face partial travel restrictions. The 12 countries targeted in the ban are primarily in Africa or Asia are: Afghanistan, Chad, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Myanmar, Republic of Congo, Somalia, Sudan and Yemen. Also read White Genocide: Trump Ambushes South Africa’s Ramaphosa with false claims  Trump’s order cutting financial aid to South Africa unbows Ramaphosa Trump hits transgenders, recognising…

Professor Jibril Aminu, a former Minister of Petroleum, and Education and one of Nigeria’s most accomplished scholars and statesmen, has died at 85.  Aminu’s death was confirmed on Wednesday by Hon. Abdullahi Prambe, the Adamawa State Commissioner for Housing and Urban Development. A towering figure in Nigeria’s public service, academia, and diplomacy, Professor Aminu’s passing marks the end of an era for a man whose career spanned medicine, education, politics, and international relations. He had celebrated his 85th birthday on August 25, 2024. Also read Tinubu, Obi Grieve over death of Afenifere’s Leader Adebanjo Akpabio, Mark and Eno condole family…

Israel Umoh The member representing Itu/Ibiono Ibom Federal Constituency in the National Assembly, Hon. Ime Bassey Okon has attracted development projects worth millions of Naira to his constituency. The projects coming under the Federal Constituency projects include a four-classroom block at Presbyterian Primary School, North Itam; a six-classroom block of Technical College, Ayadehe consulted by Sustainable Develpoment Goals (SDGs). Others are solar-powered borehole at Afaha Itam and construction of 1.5 km Joseph Uwah Street with solar-powered lights at Mbak Itam 111 in Akwa Ibom; Civic Centre, Idoro in Ibiono Ibom; and Civic Centre, Nkwa in Ibiono Ibom. Recall that the…

Former Economic and Financial Crimes Commission (EFCC) boss, Abdulrasheed Bawa exposed a collusion between officials and importers in siphoning funds in Nigeria’s subsidy scam in a new book. Although President Bola Tinubu ended the subsidy regime of petroleum products on May 29, 2023, its impact especially, as a tool of shortchanging and diverting huge sums of revenue would take a very long time to go away. Bawa earlier suspended was sacked by President Tinubu on October 12, 2023. Among the latest to expose how some corrupt government officials connived with some private importers of fuel to dupe the nation is…

Ukraine said Sunday that its drones razed Russian bombers worth billions of dollars at far away Siberia in its longest-range assault of the war, as it geared up for talks on prospects for a cease-fire. In a spectacular claim, Ukraine said it damaged $7 billion worth of Russian aircraft parked at four airbases thousands of kilometres across the border, with unverified video footage showing aircraft engulfed in flames and black smoke. A source in the Ukrainian Security Services (SBU) said the strikes hit 41 planes that were used to “bomb Ukrainian villages.” Also read: Kyiv Accuses Moscow for reneging a 30-day…

The former spokesman to ex-Nigeria’s President, Goodluck Jonathan, Dr. Reuben Abati has taken a swipe at the Minister of the Federal Capital Territory (FCT), Nyesom Wike, describing him as “rude and disrespectful” over his criticism of the former Rivers State Governor, Rotimi Amaechi. Abati mentioned “hubris”—excessive pride and arrogance—as the root of Wike’s persistent attacks on political figures who once supported his rise to power. Abati’s remarks came in response to recent statements by Wike, who had criticised Amaechi’s claim of political hunger at an event in Abuja. At his 60th birthday celebration last Friday, Amaechi while aligning with the…

The All Progressives Congress (APC) has blasted Atiku Abubakar, Rotimi Chibuike Amaechi and Mallam Nasir El-Rufai for reveling in mindless rent-seeking behavior. Atiku, Amaechi and El-Rufai had accused Tinubu of using poverty as a political tool, arguing that his economic reforms are deepening the country’s hardship by benefiting a small elite while leaving the majority of Nigerians to suffer. They made the statements at a public lecture held in Abuja last weekend marking the 60th birthday anniversary celebration, Amaechi, former governor of Rivers State and former Minister of Transportation, criticising Tinubu of being responsible for the growing poverty in Nigeria.…

Nigeria is seeking a $25 billion undersea gas pipeline project to supply gas to Europe. This was stated during a meeting between Vice President Kashim Shettima and Vitol Group at the Presidential Villa, Abuja on Monday. The project which is the Nigeria-Morocco Gas Pipeline aims to transport Nigerian gas to Morocco and onward to Europe through the West African coastline. Also read Seplat Energy to unlock 14 trillion cubic gas in Akwa Ibom Agribusiness: Nigeria, Brazil’s MoU in 774 LGAs to attract $4.3b Nigerian Govt Poised to crash soaring cooking gas price – Minister Vice President Shettima said President Bola…