Author: straightnewsng.com

The Federal Government has expressed concern over the volatility of the Nigerian capital market and vowed to strengthen the market to ensure it contributes to the growth and development of the economy. Speaking in Abuja, Tuesday evening, when members of the Capital Market Master Plan Implementation Council, CAMMIC, visited him, Vice President Yemi Osinbajo stated that the capital market plays a central role in the development of the economy through mobilisation of long term savings for investment. He added that the present administration was interested in deepening the capital market which would in turn lead to a deepening of the…

The Independent National Electoral Commission INEC, has again stressed its commitment to sustaining its partnership with university Vice Chancellors and other academics in the country, saying their inclusion in the electoral process was vital to the sustenance of democracy in the country. Chief Press Secretary to the INEC Chairman, Mr Rotimi Oyekanmi, in a statement late Tuesday night in Abuja, said the commission’s Chairman, Prof. Mahmood Yakubu, made the commitment at the post- 2019 General Election Review Retreat with Collation and Returning Officers in Lagos. According to the chairman, “the current partnership between INEC and the universities must be sustained…

The Senate is expected to receive the list of ministerial nominees from President Muhammadu Buhari this week. President of the Senate, Senator Ahmad Lawan stated this on Wednesday. This is even as the Senate Wednesday gave its ad-hoc committee 24 hours to screen nominees for appointment as non-executive and executive commissioners of Nigerian Communications Commission, NCC, as forwarded by President Buhari. Lawan said this while responding to a point of Order raised by Senator Albert Bassey Akpan, PDP, Akwa Ibom North East who expressed worries over the delay in the presentation of the list by the Executive to the legislative…

By Okon Willie Nna-Etuk Knowledge exists in forms and at levels. What is knowledge to one person may be a mystery to another person. Also what is knowledge today may have been a mystery yesterday and some of the mysteries today may become knowledge tomorrow. Sometimes knowledge comes as ideas and intuition initially, then through careful observation and analysis of occurrences, studies are made and recorded and conclusions and inferences drawn. To me, knowledge exists in forms and at levels. For example, Biology, Chemistry, Physics, Geography, Economics, Law, History and many others are forms of knowledge. While these forms of…

A social media critic and commentator says he is scared of Nigeria being turned to blood-soaked and war-torn country. This may not be unconnected with Federal Government’s suspension of plan to establish Ruga settlement in various parts of the country coupled with threat by Coalition of Northern groups ordering the government to resume the plan or be ready to face the consequence. Femi Fani-Fayode, a one-time Minister of Aviation writing in his Twitter handle on Wednesday, stated, “I cannot bear the thought of Nigeria being turned into blood-soaked, war-time and war-torn Syria, Libya, Iraq, Yemen, Somalia, Yugoslavia or Lebanon in…

By Akanimo Sampson Ethiopia will send 50,000 people to work in the United Arab Emirates, Ethiopian Prime Minister Abiy Ahmed announced Monday, as the Gulf country looks to expand its influence in the Horn of Africa. “Ethiopia is planning short-term measures to reduce unemployment in Ethiopia and to cope with the increasing job demands of our people,” Abiy told parliament in the capital Addis Ababa. “One of these short-term programmes is sending our skilled labour to foreign countries,” said Abiy, who has sought to open his country to foreign investment since assuming office last year. Samih Toukan, Samih Abdel Rahman…

The Federal Government has awarded contract worth about N1.1 billion for the construction of a road linking two local government areas of Akwa Ibom State. A letter of contract award leaked to Straightnews in Uyo showed that the job spans Atan Ikot Okoro-Ukana Ikot Ngwo with a bridge at Ikot Inyang all in Essien Udim and Ikot Ekpene local government areas of the state. Our reporter learned that the road users have over the years encountered untold hardships and losses owing to years of neglect of the road by successive administrations. Awarded by the Federal Ministry of Works to Raycon…

By Akanimo Sampson A damning report by the International Maritime Bureau (IMB), a London-based organisation that tracks attacks on sea vessels, that Nigerian waters are still risky for vessels, has helped in  jerking the obviously jolted Federal Government under President Muhammadu Buhari’s watch into action. With 30 incidents so far recorded this year, the Gulf of Guinea is widely regarded as the world’s most pirate-infested sea. Last year, the Bureau reported 72 attacks on vessels at sea between Ivory Coast and Cameroon, up from 28 in 2014. Max Williams of Africa Risk Compliance (ARC), a security consultancy, has been quoted…

Callers on a radio programme have in unison pointed accusing finger on secret cultism as the root of rising criminality rocking different communities in the Nigeria’s 21st Akwa Ibom State, calling on law enforcement agents to step up surveillance and patrol to stem the tide. Speaking on Atlantic FM, Uyo under “Politics Matter” on Wednesday, July 10, the callers complained of the increasing insecurity to life and property in the villages caused by people they described as ‘secret cultists.’ Last year, Akwa Ibom governor, Udom Emmanuel had on March 13, 2018 signed the proscription order in accordance with Section 70…

Despite the promotion of Lamidi Adeosun, a Major-General to the rank of Lieutenant-General in the Nigerian Army, Lt. Gen. Tukur Buratai, still maintains his position as the Chief of the Army Staff. President Muhammadu Buhari has approved the promotion of Adeosun who is the Nigerian Army Chief of Training and Operations. The acting Director, Army Public Relations, Col Sagir Musa, said apart from Adeosun, the President also approved the promotion of “Brig Gen AB Biu, General Officer Commanding 7 Division to the rank of a Major General.” Musa said, “The President and Commander-in-Chief, President Muhammadu Buhari, has approved the accelerated…