Author: straightnewsng.com

MTN Nigeria, Thursday, went public to be subjected to the corporate governance laws of the Nigerian Stock Exchange. While the MTN Nigeria is still controlled by MTN Group, the parent country, some notable Nigerians hold billions in the telecommunications company. NaijaNews published a list of shareholders, who own billions in MTN Nigeria- the second biggest company on the Nigerian Stock Exchange as at May 17, 2019. MTN International Limited N1.68 trillion  76.08 Stanbic IBTC Asset Management Limited  N213.7 billion  9.64 Mobile Telephone Network    N60.95 billion  2.75 Government Employees Pension Fund  N38.69 billion  1.75 Victor Odili  N87.87 billion  3.96 Pascal Dozie  N37.07…

The Federal High Court in Abuja ruled on Friday that a former Senate Minority Leader, Godswill Akpabio’s movement from the Peoples Democratic Party to the All Progressives Congress last year was not a case of defection. Justice Okon Abang, in a judgment held that that the senator only “moved to join APC out of frustration of being expelled by the PDP through a letter dated August 2, 2018”. The judge held that having been expelled, Akpabio was at liberty to join another political party of his choice. He held that to declare Akpabio’s seat vacant as requested by the plaintiff,…

The Supreme Court on Friday struck out the suit filed by the Cross River State Government challenging the suspension of the former Chief Justice of Nigeria (CJN), Justice Walter Onnoghen. In a dissenting judgment of 6-to-1, the seven-member panel of justices of the apex court struck out the suit on the grounds that the plaintiff, Government of Cross River State, lacked the locus standi to institute the suit on behalf of Justice Onnoghen. The government of Cross River State through its attorney general had dragged the federal government and President Muhammadu Buhari before the apex court over the suspension of…

A Nigerian-born teenager has shattered the 125-year academic history of her high school in Texas, United States of America. Tobechukwu Phillips, a student of Alvin High School, earned a 6.9 GPA (Great Point Average), after she earned A’s throughout her stay in the school. Phillips emerged the first black valedictorian in the school’s history. Alvin High School was originally established in 1894. African-American students were allowed to join the school in 1965. Speaking to Because of Them We Can, Phillips said, “Maintaining the highest GPA in my class is a difficult task. It truly takes time management but more importantly,…

The Federal Government has increased the monthly allowance of members of the National Youths Service Corps (NYSC) to N30,000. Nigeria’s Finance Minister Zainab Ahmed said this on Thursday in Abuja during a press conference where she added that N649.434 billion is ready to be shared to states as Paris Club fund. According to the minister, with the recent signing into law of the minimum wage bill by President Muhammadu Buhari corps members will no longer earn N18,000 monthly. She, however, noted that the Federal Government is still working out modalities before the implementation of the new allowance for corps members.…

Popular Nigerian actor and actress at each other’s jugular over allegation of recent rape of some prostitutes in Abuja by some policemen. Ime Bishop Umoh, the popular Nigerian comic actor, Wednesday, shared a video about protesters taking to the streets to fight back at the injustice of the alleged rape of the women arrested at a strip club. Recall that 70 girls arrested and detained at Utako Police station for clubbing and prostitution were alleged to have been sexually assaulted by the police. Speaking about the rape, Umoh popularly called Okon Lagos said it is a wrong allegation because rape…

The Independent National Electoral Commission (INEC) has shifted the Bayelsa and Kogi state governorship elections to November 16. The elections were scheduled to hold November 2. INEC Director of Voter Education and Publicity, Festus Okoye, in a statement on Thursday, explained the shift was in response to appeals for rescheduling of the polls. Some stakeholders from Bayelsa state have been vociferous in asking INEC to change the election date claiming it coincides with the state’s annual ‘Thanksgiving Day’ which is backed by law. “After a careful consideration of the appeals, the Commission at its regular weekly meeting held Thursday, May…

The Nigerian Senate, Thursday, passed the Public Holiday Act (Amendment) Bill, 2019 (HBs 918 & and 1529) to make June 12 Democracy Day in the country. President Muhammadu Buhari had last year immortalised Chief MKO Abiola, the presumed winner of the Nigeria’s presidential election held on June 12, 1993. At present, Nigeria’s Democracy Day observed since 1999 is marked May 29 of every year. Already, the House of Representatives has concurred with the Senate to amend the Public Holiday Act (Amendment) Bill, 2019 to make June 12 Democracy Day. Also, the Presidency, through Alhaji Lai Mohammed, the minister of Information…

Akwa Ibom government has joined the Federal Government in inaugurating a committee to work out modalities for the implementation of N30,000 new National Minimum Wage for workers in the public service of the state. The 14-member committee inaugurated on Thursday has one month to submit its report. The Federal Government inaugurated a committee for the implementation of the  new National Minimum Wage to workers in its employ on Tuesday, May 14, after President Muhammadu Buhari had signed the bill into law on April 18. Mrs. Ekerebong Akpan, Akwa Ibom Head of Civil Service, who inaugurated the committee in her office,…

A young, good-looking gospel singer reportedly committed suicide, but his death is gradually turning to a subject of controversy between Facebook friends and social critics. Michael Arowosaiye who died on Tuesday was said to be a member of the Redeemed Christian Church of God (RCCG), Abuja, though this has been disputed by another person. A friend of the deceased wrote on his Facebook page, “The incident happened around 4 p.m. on Tuesday, May 14, 2019, at Sunnyvale Estate. The deceased allegedly hanged himself with his belt.” VeryNaija wrote of the Facebook of the deceased “Michael Arowosaiye was a music minister…