Author: straightnewsng.com

Asset Management Corporation of Nigeria, AMCON, said weekend it has taken over Bao Yao Futurlex Iron & Steel Company Limited in Abuja and Bao Yao Huan Jian Iron & Steel, Calabar, Cross River State, due to failure to repay N3.6 billion debt. In a statement announcing the takeover, the corporation said: “Following the order of Hon. Justice B.F.M. Nyako of the Federal High Court The order therefore mandates AMCON to take over all the assets of Bao Yao Huan Jian Iron & Steel Company Limited promoted by Mr Shen Yaozhang and General Idris Garba retired over a staggering indebtedness of…

The Nigerian National Petroleum Corporation, NNPC, has attributed the increase in the price of household kerosene in the country to the pressure of demand and supply. NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, told the News Agency of Nigeria, NAN, Sunday in Abuja that the price of the product had been deregulated. “The point remains that the prices of the kerosene is deregulated. It is not as controlled with reference to Premium Motor Spirit, PMS, known as petrol that is why we see the prices moving up and down. “The important thing is that the trend…

Senator Ita Enang, Senior Special Assistant on National Assembly Matters to President Muhammadu Buhari has thrown his weight behind the contentious RUGA settlement, advising state governors, especially the ones from the Southern part of the country, to embrace and support the programme by making lands available for its implementation. Enang, while hosting students of Law School, Abuja, who are of Akwa Ibom State extraction, stated that a whopping N2.258 billion was provided for the implementation of the Ruga programme in the 2019 budget. The Presidency said weekend that the Federal Government earmarked N2.25 billion for the implementation of Ruga Settlements…

Manchester City fired the first shot in their battle for supremacy with rivals Liverpool on Sunday as they snatched the Community Shield with a 5-4 penalty shoot-out win after a 1-1 draw at Wembley. Raheem Sterling gave City a first half lead before Joel Matip grabbed a late equaliser for Liverpool in the annual curtain-raiser to the English top-flight season. In the shoot-out, City keeper Claudio Bravo saved from Georginio Wijnaldum, with Gabriel Jesus driving in the winning kick after successful efforts from Ilkay Gundogan, Bernardo Silva, Phil Foden and Oleksandr Zinchenko. The jubilant celebrations from City’s players and fans…

By Akanimo Sampson Humanium, an international child sponsorship civil society group dedicated to stopping violations of children’s rights throughout the world, says no fewer than 10 children are sold daily in Nigeria for prostitution. The group which was founded in Geneva in 2008 with a single purpose: the well-being of children worldwide is insisting that children in Nigeria are facing many agonising problems. “No less troubling is the number of young girls who give birth and then sell their children. This sort of human trafficking is on the rise in Nigeria; and the Police are making every effort to stamp…

By Akanimo Sampson A new novel kind of religion is sprouting in the world, and might soon berth in Nigeria in a matter of time. It is already gaining ground in America, where it will spread to the rest of the world. It is a religion of UFO. UFO stands for Unidentified Flying Object. Wikipedia says it is the popular term for any aerial phenomenon that cannot immediately be identified. Most UFOs, according to it, are identified on investigation as conventional objects or phenomena. The term is widely used for claimed observations of extraterrestrial spacecraft. Already, a Rael-Science post says…

Governor Rotimi Akeredolu of Ondo State State has called for the immediate prosecution of the soldiers who allegedly raped a 300-level student of Adekunle Ajasin University, Akungba-Akoko (AAUA). Akeredolu, in a statement issued by Donald Ojogo, the Commissioner for Information on Saturday, described the alleged crime as “mindless” and “callous.” Already, the 32 Artillery Brigade of the Nigeria Army, Akure, Ondo State has arrested the soldiers who were involved in the alleged rape of a female student of the Adekunle Ajasin University, Akungba Akoko. The victim, who is a student of the Department of Religious and African Studies of the…

By Akanimo Sampson The search is on for cleaner alternatives to high sulfur fuel oil to power marine freight worldwide. The search has become necessary as the International Maritime Organisation (IMO) enters a phase of curbing shipping industry emissions more robustly. In June, the Gas Fuel Sector Manager at the American Bureau of Shipping (ABS), George Plevrakis, had said ‘’at this point in time you could say Liquefied Natural Gas (LNG) is the most mature solution. It doesn’t solve the riddle of 2050, but it’s an improvement and it’s technically ready.’’ ABS is concerned with setting standards for safety and…

FC Barcelona and Argentina captain, Lionel Messi has been banned from international football for three months by the South American Football Confederation (CONMEBOL) following his claim that Copa America was corrupt. The South American Football Confederation (Conmebol) on July 23, 2019 suspended Argentine star Lionel Messi for the next official match of the Argentine team and fined him with $ 1,500 for the expulsion in the Brazil 2019 Copa America third-place match against Chile, the organization said The 32-year-old forward Messi was sent off during Argentina’s 2-1 third-place play-off defeat of Chile and he later said the competition was fixed…

By Akanimo Sampson Science appears to be gradually inching towards discovery a secret code that would terminate the cycle of birth, death and rebirth. A Rael-Science post says scientists have created the first completely artificial protein switch that can work inside living cells to modify or even commandeer the cell’s complex internal circuitry. The switch is dubbed LOCKR, which stands for Latching, Orthogonal Cage/Key pRotein. Companion papers published July 24 in the journal Nature describe LOCKR’s design and demonstrate several practical applications of the technology. The work was conducted by bio-engineering teams led by David Baker at the UW Medicine…