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...
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...
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...
Idiong, renowned for his extensive experience in the technology sector and visionary leadership approach, assumes the helm of Heirs Technologies with a wealth of accomplishments. Heirs Technologies, a prominent digital transformation company, has declared the appointment of Obong Idiong as its Chief Executive Officer (CEO), signalling a strategic move to fortify its position in delivering cutting-edge enterprise solutions and IT consulting services for businesses. Idiong, renowned for his extensive experience in the technology sector and...
Akpabio’s retort at Herbert Wigwe’s funeral service did not sit well with many, drawing criticism on social media platforms. In the aftermath of the funeral service for the late Access Bank CEO, Herbert Wigwe, the President of the Senate, Godswill Akpabio, found himself under intense scrutiny and criticism for his comments at the solemn occasion. A viral video shared on X (Twitter) captured the Governor of Rivers State, Siminalayo Fubara, urging the political class to...
“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...
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...
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...
Please email us - contents@orderpaper.ng - if you need this content for legitimate research purposes. Please check our privacy policy
