Author: straightnewsng.com

The Debt Management Office (DMO), Friday, listed its first Eurobonds on FMDQ Securities Exchange platform to fund the budget deficit and other financing needs of the Federal Government. The listing comprises dual-tranche 2.50 billion dollars and triple-tranche 2.86 billion dollars Eurobonds, News Agency of Nigeria reported. Speaking at the listing in Lagos, Ms Patience Oniha, DMO’s Director-General, said the bonds were raised to refinance the country’s domestic debt. Oniha said the proceeds of the Eurobonds would be used to fund the fiscal deficit as well as other financing needs of the country. She said the 2.50 billion dollars Eurobonds issued…

Hong Kong has indefinitely suspended a proposed legislation that would allow extradition to mainland China, after days of protests across the city. Hong Kong Chief Executive Carrie Lam, who formerly rejected calls to withdraw the plan, announced the decision on Saturday, saying that the urgency felt to pass the bill before the legislative year ends “perhaps no longer exists.” “The bill has caused a lot of division in society,” she said. “I have to admit in terms of explanation and communication, there were inadequacies.” “We have to bear in mind the greatest interests of Hong Kong,” she said, which involved…

Juventus have reached an agreement in principle with Chelsea over a deal for manager Maurizio Sarri to join the Italian champions, Sky Italia and the BBC reported. There has been no official confirmation of the agreement from either clubs but Sarri is expected to sign a three-year contract. Juve manager Massimiliano Allegri left the Turin club at the end of the season but Premier League Chelsea wanted compensation for releasing Sarri to cover the final year of his contract. According to Sky and the BBC, the clubs agreed a five million pounds compensation settlement late on Thursday and Sarri could…

The Central Bank of Nigeria (CBN) has disbursed the sum of N30 billion to oil palm producers, with a view to ensuring massive production of the commodity in the country. The Governor of CBN, Mr. Godwin Emefiele, stated this at a meeting with stakeholders in the industry, in Abuja, this afternoon. The CBN boss also disclosed that the apex bank had commenced investigations into the accounts of suspected palm oil smugglers, vowing to sanction culprits. According to him, he was under a strict presidential directive that palm oil importation must stop and that his team at the CBN were determined…

Veteran Nollywood actress, Omotola Jalade Ekeinde says staying away from violent and abusive people is a recipe for peaceful and successful marriage. Ekeinde gave the advice and rejected the opinion of media personality, Daddy Freeze’s recent IG post, advising women that being called a “Living Miss is better than a dead Mrs.” The mother of four who has been married for 23 years said marriage is not the cause of domestic violence, but people are. She wrote, “Marriage is not the cause of violence. People are. Stay away from violent/abusive people. Work, marriage, friendship, family. Nothing/no one is worth the…

A former Nigerian Minister of Aviation has expressed disappointment on alleged refusal of Governor Atiku Bagudu of Kebbi State to confirm the acting Chief Judge of the state to a Chief Judge on the basis of being a Christian. Femi Fani-Kayode in his Twitter on Friday wrote “Gov. Atiku Bagudu of Kebbi surprises me. How can the son-in-law of the great Marafan Sokoto of blessed memory and husband to the beautiful Zainab refuse to confirm the Acting CJ of his state because she is Christian and then fire her for complaining? Fani-Kayode, therefore, queried “Is it a crime to be…

“So, forgive me for confusing you from the beginning, but now I choose to be called the first lady,” Mrs Aisha Buhari, the wife of the President, pleaded with Nigerians. Mrs Buhari who made the plea on Thursday, announced her decision to be addressed as the First Lady of the Federal Republic of Nigeria. She said this would take effect immediately in order to resolve the issue of the title of wives of governors. Buhari stated her new official title at the presentation of awards to the former and current wives of Governors of the 36 states. The event held…

The Peoples Democratic Party Senator representing Abia South Senatorial District, Enyinnaya Abaribe, has been  named the Minority Leader of the Ninth Senate. Senator Biodun Olujimi (PDP, Ekiti South), was the last Senate Minority Leader. Olujimi, who was Ekiti State deputy governor, replaced Senator Godswill Akpabio (Akwa Ibom North-West), the former Senate Minority Leader and former governor of Akwa Ibom State. Also, Emmanuel  Bwacha from Taraba South retained his position as Deputy Minority Leader. The Senator representing the Federal Capital Territory,  Phillip Aduda,  also retained his position as the Minority Whip. Meanwhile, the Nigerian Senate has adjourned its plenary till July…

Barcelona and Argentina striker, Lionel Messi toppled a five-division boxing world champion, Floyd Mayweather as the highest paid athlete over the past year, according to the annual list published by business magazine Forbes. Messi, who scored 36 goals for Barcelona in the La Liga title this year, earned £99.8 million in salary and endorsements to move up one spot on the list of the world’s 100 highest-paid athletes. Juventus forward, Cristiano Ronaldo (£86 million), Paris Saint-Germain forward Neymar (£83m million), Mexican boxer Canelo Alvarez (£74 million) and Swiss tennis great Roger Federer (£73m million) rounded off the top five. Mayweather,…

President of the Senate, Ahmad Lawan, Thursday, swore in a former governor of Imo State, Rochas Okorocha, as a senator. Okorocha was not inaugurated on Tuesday because he had yet to collect his certificate of return from the Independent National Electoral Commission, INEC. The former governor will represent the Imo West Senatorial District at the red chamber. The former governor’s certificate was initially withdrawn after the electoral umpire, INEC, said the issuing officer declared the result under duress after the February 23 senatorial elections. On day of inauguration of the ninth Senate, Mr Okorocha made himself available in the morning…