Author: straightnewsng.com

The Petroleum Products Pricing Regulatory Agency, PPPRA, Tuesday, stated that Nigeria imported 19.18 billion litres of petroleum products in 2019, while the country’s refineries produced only 166.33 million litres of Premium Motor Spirit, PMS, also known as petrol in the year. In a statement in Abuja, Abdulkadir Saidu, Executive Secretary, PPPRA, noted that 18.62 billion litres of PMS were supplied in Nigeria in 2019. According to Saidu, the total quantity of PMS supplied across the nation as at November 2019 was 18.62 billion litres and the PMS average sufficiency stood at 40.68 days. He noted that 1,612 vessels laden with…

A non-governmental group, Assembly of Patriots International, has commenced consultations to work out modalities for stopping cult wars and other acts of violence that have turned certain locations in Edo State, especially in the capital, Benin City, to no go areas, particularly at night. One of the group’s representatives, Mr. Evans Moye, told journalists that a meeting in Benin City, which had virtually all the top hierarchies of the various confraternities in attendance, was the beginning of peace advocacy by them nationwide to complement federal government and law enforcement agencies’ efforts. Other stakeholders that will be consulted include the law…

The Economic and Financial Crimes Commission (EFCC) has declared Lagos as the state with the highest cases of money laundering in Nigeria. Speaking with journalists in Port Harcourt on Tuesday, January 7, Mr. Ibrahim Magu, acting chairman of the EFCC, said Lagos is closely followed by Rivers State. Magu vowed that the EFCC would prosecute Peter Odili, a former governor of Rivers state who currently enjoys an injunction against investigation Lagos now tops states with the highest number of money laundering cases. According to the acting chairman, Rivers state comes second in the rating, expressing optimism that a court would…

The House of Representatives will on resumption list for second reading, a Bill seeking to compel the President and State governors, to name ministers and commissioners within 21 days, after taking the oath of their respective offices. Besides, the lawmakers want the Senate and State Assemblies, to dump future ministerial and commissioner nominees, that would fail to declare their assets at the Code of Conduct Bureau, CCB. The Bill, sponsored by Hon. Ben Igbakpa (PDP-Delta), entitled: “An Act to Alter the Provisions of the Constitution of the Federal Republic of Nigeria 1999, to Provide for the TimeFrame for Submitting the…

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the ongoing feud between the United States of America, USA, and Iran will not affect the crude oil prices. Speaking to a select few journalists in Abuja, Sylva said that there was no doubt that the crisis was going to affect the oil prices. Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price spike pushed oil stocks on the London stock exchange higher, with BP…

One year after the National Assembly detached it from the Economic and Financial Crimes Commission and President Muhammadu Buhari named its head, the Nigeria Financial Intelligence Unit, NFIU, is still an appendage of the EFCC, VANGUARD learned Wednesday. The NFIU was separated from the EFCC by an Act of the National Assembly in December 2018, with the act granting it full financial and administrative autonomy. The President signed the bill into law the same year, cementing its powers to act independently of the EFCC. On January 8, 2019, President Muhammadu named its head to affirm its independence. The NFIU kicked…

The Peoples Democratic Party, PDP, has said the Presidency’s continuous reference to a presidential successor, less than a year into President Muhammadu Buhari’s second tenure, is a direct acceptance of failure and lack of capacity of the Buhari administration to manage the affairs of a nation as complex as Nigeria. The party also noted that President Buhari’s apprehensions “that his party, the All Progressives Congress, APC, will fizzle out before 2023 is a weighty forewarning to Nigerians not to put any hope whatsoever in the APC.” In a statement issued by its spokesman, Kola Ologbondiyan, the PDP urged the Presidency…

As a way of curtailing insecurity in the country, the House of Representatives is sponsoring a Bill to mandate the Federal and State governments to install Close Circuit Televisions, CCTVs. When it becomes a law, the Bill intends to jail or compel private firms that fail to install the security device to pay heavy fine. Entitled: “Integration of Private Closed Circuit Television, CCTV, Infrastructure into the National Security Network in Nigeria Bill, 2019,” the bill is sponsored by Awaji-Inombek D. Abiante, representing Andoni/Opobo/Nkoro Federal Constituency of Rivers State of the People’s Democratic Party, PDP. The Bill provides for the integration…

As the race for the political offices in 2023 in Nigeria is simmering with interested political office holders, stakeholders and political parties gearing up to grab for their cronies, the prospective office seekers are bound to devise strategies to assist them to capture the envisaged throne. In Akwa Ibom, some political office seekers are busy deploying funds for consultations. Others try to foster a strong political affiliation with the kingmakers and the electorates, as well as go spiritual to achieving their aspirations. However, from the spiritual angle, Pastor Patrick Henry Edet, the founder of Grace Family, Uyo in Akwa Ibom…

By Akanimo Sampson The International Maritime Organisation’s (IMO) 2020 regime for marine fuels is currently threatening Russia’s recent gains in Southeast Asia. Analysts say the marine fuel regime could be an obstacle to Russia as a net exporter of wheat. The IMO 2020 which became effective from January 1, is pushing up freight costs, just as other opportunities are said to be emerging in the Middle East and other regions closer to hand. Over the past two decades Russia managed to move from a net importer of wheat to a net exporter, displacing the European Union (EU) to become the…