Author: straightnewsng.com

The Federal Government has spent N383.28 billion as under-recovery, also known as subsidy, on Premium Motor Spirit, PMS, from January to July 2019, according to data obtained from the Nigerian National Petroleum Corporation, NNPC on Wednesday. Under-recovery is a situation where the NNPC incurs the cost of the differential between the official pump price of petrol and the actual cost of the commodity, especially as the official price is at present lower than the actual market price. The difference with this current system of subsidy payment is the fact that since the NNPC is currently the sole importer of PMS,…

Former Chairman of the Independent National Electoral Commission, INEC, Professor Attahiru Jega, Wednesday, warned that without credible elections, the Central Intelligence Agency, CIA’s prediction of Nigeria’s disintegration will come to pass. The USA agency had predicted that Nigeria would disintegrate in 2015 but it did not happen in spite of the heat that hallmarked the 2015 presidential election. Justifying INEC’s use of the military in conducting elections, Jega said: ”The CIA thought that 2015 was the do-or-die period for Nigeria, that there would not be a Nigeria in the way you know after the 2015 general election. I think if…

The Nigeria Extractive Industries Transparency Initiative, NEITI, is seeking approval of N1.5 billion from National Assembly for use to audit the oil and gas industry in 2020. Executive Secretary of the agency, Mr Waziri Adio, while defending the agency’s budget before the House of Representatives Committee on Petroleum Resources (Upstream) Wednesday in Abuja, pledged to release 2017 audit report of the industry next week. Adio said from 1999 to 2016, nine audit reports had been done in the oil and gas sector, while seven audit reports in the solid minerals had been released. The proposed sum, according to the agency,…

The Speaker of the House of Representatives, Femi Gbajabiamila, has said there was no going back on October 29, 2019, deadline for 2020 budget defence. It will be recalled that the House adjourned plenary on October 10 and dedicated three weeks for budget defence to enable the country return to January to December budget cycle. Speaking to journalists after inspecting the defence processes Wednesday, Gbajabiamila said the date was sacrosanct, asking agencies of government to keep to it. The House is also expected to resume plenary on the same date. He said: “We are sticking to October 29 deadline for…

The proposed increment in Value Added Tax, VAT, from five to 7.5 percent by the federal government will expose Nigerians to more hardship, causing tax experts to call on the government to stop the increase. The experts, who spoke at the Chartered Institute of Taxation of Nigeria, CITN, sensitisation seminar on current issues in Nigerian taxation in Lagos, include former Accountant-General of the Federation, Dr. James Kayode Naiyeju, and Yomi Olugbenro of Deloitte & Touche, among others. In his presentation, the former Accountant General of the Federation explained that the economy was not buoyant enough to accommodate VAT increment. “Your…

The hope of the10,000 newly recruited constables joining Nigerian Police Force, NPF, is hanging in the balance. This follows the ruling of Abuja Division of the Federal High Court Wednesday halting the ongoing process to recruit the constables into the Force. The court, in a ruling by Justice Inyang Ekwo, ordered all the parties involved in the recruitment exercise to maintain the status quo, pending the determination of a suit lodged against the process by the Police Service Commission, PSC. Justice Ekwo stressed that since all the necessary parties were before the court over the exercise, there was need to…

The Ankara material is always in demand year in, year out particularly among Africans. Clients, designers and stylist are always eager to impress and stand out with creative ideas and designs created with the Ankara materials. Check them out below: \ Photo Credit: Fashion and Styles Zone, Lacesnmore (Naijanews)

The Ankara wax print, more simply and popularly known as ‘Ankara’ is already known worldwide to represent the African culture. Over the years, fashion designers and stylists strive to create the best style and fit for their clients which means constantly, all stakeholders, including the clients, are always on the lookout for latest styles and designs. Check them out below: Latest Ankara Styles Latest Ankara Styles Latest Ankara Styles Latest Ankara Styles Latest Ankara Styles Latest Ankara Styles Latest Ankara Styles Latest Ankara Styles Latest Ankara Styles (NaijaNews)

By Akanimo Sampson Initiatives developed through the International Labour Organisation (ILO)-supported Partnership for Action on Green Economy (PAGE) programme and the Employment Intensive Investment Programme (EIIP) have been recognised in the 2019 Future Policy Awards. Senegal’s National Strategy for the Promotion of Green Jobs was selected from 67 nominated policies from 36 countries as one of the two winners of the Future Policy Vision Award. The ILO supported the Senegalese government in creating and implementing the strategy, which has created 2,000 green jobs. South Africa’s Expanded Public Works Programme (EPWP) received the Bronze award in the category for Decent and…

By Akanimo Sampson Arguably, little remains of the once bustling Benin City, the base of the great Benin Kingdom, and the capital of Edo State in Southern Nigeria today. The once-mighty city is currently the main sender place of origin of the socio-economic harassed Nigerians migrating irregularly towards Libya in search of greener pastures in Europe. Without the doubt, the city of Benin was once the capital of the legendary Edo Kingdom of Benin, one of the oldest states in West Africa. It dates back to the 11th century. In a bid to clean up its ugly present situation, the…