Author: straightnewsng.com

State governments in Nigeria are said to have come up with another magic wand to collect money from the local government councils’ accounts despite the financial guidelines issued by the Nigeria Financial Intelligence Unit (NFIU) to them not to tamper with councils’ funds again. The NFIU had said that in consonance with the 1999 Constitution, no debit would be allowed on any local government funds with effect from June 1, 2019 until the money was credited to the receiving local government. In an exclusive interview with Punch correspondent in Abuja on Thursday, Ibrahim Khaleel, the National President of the National…

The National Human Rights Commission, NHRC, has expressed concern over the incessant clashes between the Islamic Movement of Nigeria, IMN, and security agencies, which have resulted in loss of lives and destruction of properties. The commission, in a statement in Abuja Thursday, urged the Federal Government to negotiate with the group. According to the statement, death of the Deputy Commissioner of Police in charge of Operations, FCT Command, DCP Usman Umar, a Channels Television journalist, Precious Owolabi, some protesters and others who sustained various degrees of injury in the recent incident, calls for serious and urgent action to address the…

Nigerians living in the Diaspora sent $25 billion to the country in 2018, representing 83 percent of the national budget. Speaking at the 2019 National Diaspora Day event in Abuja Thursday, Boss Mustapha, Secretary to Government of the Federation, SGF, said amount was about 6.1 per cent of the Gross Domestic Product, GDP, of the country. Mustapha said the figures reflect the research findings in the World Bank’s Migration and Remittances report issued in April 2018 and commended them for the gesture. The remittances to Nigeria, according to the report, reached $22 billion in 2017, a 10 percent increase on…

By Akanimo Sampson The International Association of Dry Cargo Shipowners (INTERCARGO) has expressed its growing concern in view of the magnitude of the challenge lying ahead for the industry and the need for a smooth transition. The concern is coming with less than five and a half months away for the 2020 global sulphur limit implementation. INTERCARGO which was established in 1980 with the objective of giving a voice to ship owners, managers and operators of dry cargo vessels and represent better this shipping sector, says the global availability of safe compliant fuels remains a key question largely unanswered. The power…

Justice John Tsoho will Friday take over as the acting Chief Judge of the Federal High Court. Tsoho will take over from Justice Adamu Abdu Kafarati who bowed out of active judicial service, having clocked the 65 years mandatory retirement age Thursday. The new Acting CJ will be sworn in by the Chief Justice of Nigeria, CJN, Justice Tanko Muhammad at the Supreme Court. Justice Tsoho, who was born on June 24, 1959 in Mbaduku in Benue State, will have five years to serve as Chief Judge of the High Court, if he is confirmed in substantive capacity. He was…

By Akanimo Sampson The upsurge in violence and insecurity in Burkina Faso’s Sahel, Centre-Nord, Nord, Boucle du Mouhoun, and Eastern regions have triggered an unprecedented humanitarian emergency. As of last June, nearly 220,000 persons were displaced a number that has tripled since December 2018. By the end of the year, this number could reach 335,000 displaced persons. These internally displaced persons (IDPs) have fled armed attacks and conflicts to seek refuge among host communities, often the poorest, who are now struggling to meet their basic protection and assistance needs. As living conditions have seriously been undermined for both IDPs and their…

The Arewa Consultative Forum, ACF, has berated at former President Olusegun Obasanjo for his letter to President Muhammadu Buhari over the security situation in the country, saying the former President lacked the moral right to talk about insecurity in Nigeria. Obasanjo had in an open letter to President Buhari, warned that the worsening security situation in the country, especially the activities of armed herdsmen, was creating a situation that might lead to the kind of genocide that took place in Rwanda in 1994. But responding to Obasanjo’s letter in a statement signed by the Publicity Secretary, Muhammed Ibrahim Biu, ACF…

The Federal Government, States and Local Government Areas (LGAs) shared N762.5 billion as federal allocation for the month of June. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said this on Thursday in Abuja, while addressing newsmen at the end of the Federation Accounts Allocation Committee (FAAC) meeting. He said that the gross statutory revenue of N652.9 billion received for the month was higher than the N571.7 billion received in May by N81.21 billion. NAN quoted him as saying revenue from Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) increased significantly, Value Added Tax (VAT) increased marginally while…

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors. Replacements were also announced for the departing directors. The changes are to take effect from September 2nd. MTN Nigeria, the country’s leading telecommunications firm, recently listed its shares on the Nigeria Stock Exchange. BELOW IS THE FULL ANNOUNCEMENT Notification of Board Changes Lagos | Nigeria: Wednesday, July 24, 2019. This is to inform The Nigerian Stock Exchange (The Exchange), the investing public and other stakeholders that following the expiration of…