Members of the public, industry stakeholders, and interested parties are invited to contribute to the Bill during the public hearing. The House of Representatives Committee on Nigerian Content Development & Monitoring is scheduled to hold a one-day public hearing to deliberate on important Bills on non-oil and gas; and, oil and gas referred to it. The Committee, led by Rep. Boma Goodhead (PDP, Rivers) said the public hearing will take place on Thursday, 18 April...
From the first lady of Benue state to the House of Representatives, Regina Akume comes to parliament with the experience of enjoying perks and privileges. Will her background spur her to deliver service effectively or hamper her? Rep. Regina Akume is the wife of Sen. George Akume, the former governor of Benue State and the incumbent Secretary to the Government of the Federation (SGF). Over the years, she has proved to be a powerful anchor...
Sani, who represented Kaduna Central in the 8th Assembly, pointed out 8 abandoned projects in Nigeria and the amount wasted on these projects. Top 8 abandoned projects in Nigeria and amount WASTED;1.Ajaokuta steel mills Amount spent $8Billion. 2.Mambila Hydro Power plant Amount spent $5.8Billion. 3.Brass LNG Amount spent $10Billion but disputed by NNPC to be $1.9 Billion. 4.Abuja CCTV project… — Senator Shehu Sani (@ShehuSani) April 7, 2024 Nigeria is currently in a critical situation...
Having examined the concept of sustainability and the various reporting frameworks, it is reasonable and justifiable to be curious as it relates to Nigeria’s oil and gas industry. This piece seeks to break down this relationship with a throwback to where it all started – the history of the black gold in Nigeria. Key facts on Nigeria’s oil and gas Nigeria is a nation rich in natural resources, particularly oil and gas. As of July...
In an exclusive interaction with OrderPaper, Professor K.M Waziri says that the educational system has gotten “rotten for too long a time” and needs a holistic review, one after the other. Since its inception, the recently enacted Student Loan Act has encountered numerous hurdles and debates. President Bola Tinubu had on 3rd April 2024 signed the Student Loan Repeal and Re-enactment Bill into law at the State House of Assembly in Abuja. Before this, OrderPaper...
The integration of sustainability into business models across industries is fast becoming a regulatory and compliance issue globally. And in this direction of play, Nigeria is moving along with the trend. In an earlier piece, we delved into a definition of the concept of sustainability. In this piece, our focus would cover sustainability reporting and the frameworks that are available across industries and economic sectors. Sustainability reporting frameworks are essential tools that help organisations evaluate,...
CBN has given all banks 24 months to meet the minimum capital requirement. The Central Bank of Nigeria (CBN) on Thursday, March 28, 2024, unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at N500 Billion. This development came days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system. Acting Director, Corporate Communications Department,...
Senator Ali Ndume had earlier condemned the increase, describing it as unfair and a calculated attempt to prevent Nigerian Muslims from taking part in the pilgrimage. The Governor of Kano State, Abba Yusuf, has paid N500,000 each for 2,900 intending Kano pilgrims who will perform this year’s Hajj under the umbrella of the Kano State Pilgrims Welfare Board. Governor Yusuf disclosed this on Wednesday in a post on his Facebook page, which according to him,...
Maida expressed that securing telecom infrastructure is paramount for fostering Foreign Direct Investment (FDI) and enhancing investor confidence in the West African sub-region. In response to recent disruptions caused by undersea cable cuts affecting connectivity across West Africa, Nigeria has called for a unified effort among regional nations to protect shared telecommunications infrastructure and ensure uninterrupted services. Dr. Aminu Maida, Executive Vice Chairman of the Nigerian Communications Commission (NCC), emphasized the need for a coordinated...
The student loan policy has garnered significant traction recently with its indefinite postponement just 48 hours before its scheduled launch and a letter to the National Assembly from the President seeking a repeal and re-enactment of the Act. The long-awaited implementation of the student loan policy garnered significant traction as the Federal Government announced the indefinite postponement of the scheme, just 48 hours before its scheduled launch. The criticisms levelled at the qualifying requirements for...
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