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    Kapital FM 92.9 The Station that Rocks!

Month: February 2024

403 Results / Page 43 of 45
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National

US, Strategic Partner In Minerals Devt – Alake

Minister of Solid Minerals Development, Dr. Dele Alake has described the United States as Nigeria’s longstanding ally and strategic partner for the nation’s mining sector development. Dr. Alake stated this when he hosted the Charge d'Affairs, US Embassy, David Greene in his office in Abuja. Alake lauded the United States’ commitment to fostering cooperation with Nigeria in diverse sectors of the economy, stating that it underscores the significance of the […]

todayFebruary 2, 2024

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Local

Wike Flags- Off Bwari – Tokulo- Road

FCT Minister, Mr Nyesom Wike has given stern warning to directors overseeing rural road projects not to delay any file pertaining to rural road construction. Mr Wike who gave the warning in Abuja when he flagged off commencement of the 7.2 km Tokulo- Kaima - road in Bwari Area Council, said emergency construction of rural roads is targeted at fast tracking development and minimize rural- urban drift in the territory. […]

todayFebruary 2, 2024

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Economics

Naira Rebounds As Banks Offload Excess Dollars

Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday made frantic efforts to offload their surplus dollar stocks. It was learnt that the treasury departments of the DMBs spent the entire day battling to sell their excess FX holdings. Officials processed several foreign exchange request forms of their customers […]

todayFebruary 2, 2024

Economy

JUST IN: FG Raises Exchange Rate For Cargo Clearance To N1,356/$

The Federal Government through the Central Bank of Nigeria has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar. This is coming weeks after the rate was increased from N783/$ to N952/$. In November, the exchange rate for cargo clearance was raised from N757 per dollar to N783 per dollar, representing a 3.4 per cent increase, and was later raised from N783/$ to N952/$ in December. However, our correspondent observed on Friday that the new rate […]

todayFebruary 2, 2024

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Featured

PDP’s Disqualification In Line With Extant Laws – LP

    The Labour Party has disassociated itself from the decision by the Inter Party Advisory Council, IPAC, Plateau State chapter to pressure political parties not to participate in the Saturday rerun election. This is contained in a statement signed by the National Publicity Secretary Labour Party, Obiora Ifoh in Abuja. The statement says the Labour Party will participate in the rerun election. "We affirm that we are not under […]

todayFebruary 2, 2024

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Featured

Wike Bags Title, Flags-off 9km Paikon-Kore Rd

    FCT Minister, Mr Nyesom Wike has flagged off commencement of a 9km road construction in Paikon-kore community in Gwagwalada Area Council. On the occasion in Abuja, Mr Wike also promised to construct 18 rural roads across the six Area Councils to bring development closer to the people. Wike explained that his administration would develop three rural roads each for the six area councils, as a way of addressing […]

todayFebruary 2, 2024

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Election

PDP Has Right To Contest In Bye Election – CUPP

    The Coalition of United Political Parties, CUPP has expressed dissatisfaction over the role of the Independent National Electoral Commission, INEC, to deny the Plateau North Senatorial District of the Peoples Democratic Party (PDP) the right to contest in the forthcoming bye elections. This is contained in a statement signed by the National Secretary of CUPP, Chief Peter Ameh in Abuja. According to CUPP, the initial judgement by the […]

todayFebruary 2, 2024

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Foreign

Malaysia Halves Ex-PM Najib Razak’s Jail Term

Former Malaysian prime minister Najib Razak's 12-year jail sentence for corruption has been halved by the country's pardons board. Jailed in 2022 for stealing national funds, he will be released in August 2028, the board said. Najib, who served from 2009 to 2018, was convicted in 2020 as part of the 1MDB scandal. That is related to the embezzlement of Malaysia's state-owned wealth fund 1Malaysia Development Berhad. The fine imposed […]

todayFebruary 2, 2024

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Foreign

US Approves $4bn Sale Of Armed Drones To India

The US State Department has approved the potential sale of 31 armed drones, missiles and other equipment to India for nearly $4bn (£3.14bn). The MQ-9B Predator drones deal had been announced during PM Narendra Modi's visit to US in June 2023. In December, it was put on hold by a Senate committee pending investigation into an alleged Indian assassination plot on US soil. The deal will now be confirmed after […]

todayFebruary 2, 2024