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EXCLUSIVE: NNPC found wanting in Reps’ investigation of Crude Oil theft

Despite being a critical stakeholder in Nigeria’s oil industry, the NNPC failed to honour the committee’s summons, glaringly absent from proceedings crucial to uncovering the truth. The House of Representatives ad hoc committee investigating crude oil theft and revenue loss in Nigeria has delivered an indictment against the Nigerian National Petroleum Corporation Ltd (NNPC). The report, seen exclusively by OrderPaper, is based on meticulous scrutiny and testimonies from various stakeholders and paints a troubling picture...

IWD: NASENI to raise number of female engineers in Nigeria

“The global average for female representation in engineering is 28 per cent. In Nigeria, it is only five per cent, only one in 20 Nigerian engineers is a woman.” The National Agency for Science and Engineering Infrastructure (NASENI) through collaboration with the Presidential Implementation Committee on Technology Transfer (PICTT) has unveiled an initiative supporting Female Engineers to succeed in Engineering and Technology-Based Enterprises The Executive Vice Chairman/Chief Executive Officer (EVC/CEO) of the National Agency for...

Senate calls for immediate reinstatement of expelled University student

Cyprian was expelled from the University of Abuja on grounds of an alleged plan to protest against the proposed fees hike. The Senate has urged the Vice Chancellor of the University of Abuja to reinstate Igwe Chukwuemeka Cyprian as a bona-fide student of the University. This is as it mandated the University to restore his access to the students portal  and recommend him for mobilisation of the NYSC programme, having received an apology letter from...

GESI Tracker: Surrogacy, Gifted Kids and Implementation of the Disabilities Act

The “GESI Tracker” is a dedicated lens through which we scrutinise, analyse, and celebrate parliamentary activities’ on gender and inclusion-related dimensions. Welcome to the inaugural edition of the GESI Tracker, your comprehensive weekly report on Gender Equality and Social Inclusion (GESI) activities within the hallowed halls of the National Assembly. As a part of OrderPaper’s ongoing commitment to promoting transparency and fostering awareness of gender-related issues, this report seeks to illuminate the gender and inclusion...

CBN raises N1trn from OMO Bills sales 

Notably, 79% of the bids, equivalent to US$530 million, came from foreign investors, highlighting the global interest in Nigeria’s financial instruments. In a significant move towards enhancing liquidity management, the Central Bank of Nigeria (CBN) concluded a successful sale of government securities on Friday, March 1, 2024. The apex bank issued a N1.053 Trillion (approximately US$680 million) in short-term instruments as part of its strategic monetary measures. The Open Market Operations (OMO) auction, where the...

Nigeria’s Monetary Policy good, Fiscal reforms better

The current fiscal policy and debt servicing mechanisms need serious and urgent attention and inclusion to boost the steps taken by the MPC. Fiscal reforms have been a recurring call by many experts and stakeholders, as the ripple effects of the nation’s fiscal policy are becoming evident in the socioeconomic challenges being witnessed. In a recent development, the Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), to stimulate growth, took steps to...

CBN increases interest rate to 22.75% at MPC Meeting

The decision by CBN to raise the Monetary Policy Rate (MPR) marked a substantial adjustment aimed at addressing the persistent inflationary challenges faced by the country. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by four hundred basis points to 22.75 per cent from 18.75 per cent. In a pivotal move, the Apex Bank announced a significant shift in its monetary policy during the...

Senate commends NASENI on accelerated technology transfer

The Committee on an oversight function visit to NASENI expressed satisfaction while being conducted around some of its products and facilities. The Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation, tricycles, electric motorbikes and others with accelerated technology transfer. The Chairman, Senate Committee on NASENI Senator Ezenwa Francis Onyewuchi (LP, Imo East) who led other members of the Committee...

Amendment of FRA can ensure macro-economic stability – Muruako

“We dare say that if this Act had been amended in good time, Nigeria might have been spared the current macroeconomic challenges it found itself grappling with.” The Fiscal Responsibility Commission (FRC) has restated the need for the amendment of the Fiscal Responsibility Act to eliminate the inbuilt limitations within the Act. Executive Chairman, FRC, Victor Muruako, Esq. Made this call on Monday in Abuja at a capacity-building workshop designed for members of the National...

Nigerians are yearning for a reformed police force – Oke Epia

He said for state police to work effectively and independently it will require state legislation that is independent, vibrant and can ultimately stand its ground. Nigerians are persistently yearning for the reformation of the police force which will assist the security outfit in effectively discharging their primary responsibility of protecting the lives and property of Nigerian citizens. This was revealed by Oke Epia, Executive Director, OrderPaper, a guest on the Morning Show at Arise TV...

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