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    Kapital FM 92.9 The Station that Rocks!

Month: July 2025

317 Results / Page 17 of 36
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General

NIS To Launch Digital Platform For CERPAC

The Nigeria Immigration Service is to launch a new digital platform for the Combined Expatriate Residence Permit and Automated Card, CERPAC, and application process. This is part of efforts by the federal government to reform and improve the Immigration Service. A statement by the Service Public Relations Officer, Akinsola Akinlabi says the new process is designed to enhance transparency, efficiency and the overall user experience. According to the statement, the […]

todayJuly 16, 2025

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General

PIA Attracts Over $16b, Transforming Oil Sector – Deputy Speaker

  Deputy Speaker of the House of Representatives, Benjamin Kalu, has praised the Petroleum Industry Act (PIA) 2021 for attracting over $16 billion in investment and significantly transforming the country's oil sector. Kalu made the remark during the opening of the 2025 General Counsel and Legal Advisers Forum organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Abuja. “The most compelling testament to the PIA’s success is […]

todayJuly 16, 2025

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General

PIA Attracts Over $16b, Transforming Oil Sector – Deputy Speaker Deputy Speaker of the House of Representatives, Benjamin Kalu, has praised the Petroleum Industry Act (PIA) 2021 for attracting over $16 billion in investment and significantly transforming the country’s oil sector. Kalu made the remark during the opening of the 2025 General Counsel and Legal Advisers Forum organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Abuja. “The most compelling testament to the PIA’s success is its remarkable ability to attract substantial foreign and domestic investment,” the Deputy Speaker said. Represented by the Chairman of the House Committee on Petroleum (Downstream), Ikenga Ugochinyere, Kalu noted that investment commitments have soared by 28,991% since the PIA’s enactment in 2021, rising from just $55 million in 2020 to over $16 billion. “These are not just numbers; they represent jobs, infrastructure, and a renewed sense of purpose for our petroleum sector,” the statement read. Kalu credited the law with improved oil production, enhanced regulatory compliance, and stronger revenue generation. He noted that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) generated ₦4.34 trillion in 2023, a 14.89% increase from the previous year. He said that the Act streamlined oversight by replacing the former fragmented regulatory structure with two distinct bodies: the NUPRC and the NMDPRA. While acknowledging these gains, Kalu warned that there were still challenges and called for continued legislative attention, particularly in addressing oil theft, which costs Nigeria around $79.4 million daily. The Deputy Speaker also hailed the law’s provision for host communities, which allocates 30% of production sharing contracts to local development, and welcomed Executive Orders 40, 41, and 42 signed by President Bola Tinubu in 2024, aimed at further improving investor confidence. In his remarks, NMDPRA Chief Executive Farouk Ahmed, represented by Executive Director Ogbugo Ukoha, emphasized the need for a unified compliance culture. NMDPRA Secretary and Legal Adviser, Dr. Joseph Tolorunse urged legal professionals to fully understand the licensing structure under the PIA and adopt more proactive, compliance-driven legal strategies. Oduyemi Odumade, Edited By Grace Namiji

Deputy Speaker of the House of Representatives, Benjamin Kalu, has praised the Petroleum Industry Act (PIA) 2021 for attracting over $16 billion in investment and significantly transforming the country's oil sector. Kalu made the remark during the opening of the 2025 General Counsel and Legal Advisers Forum organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Abuja. “The most compelling testament to the PIA’s success is its […]

todayJuly 16, 2025

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Featured

UK Annual Inflation Jumps Unexpectedly In June

British inflation jumped unexpectedly to an 18-month high in June, official data showed Wednesday, heaping more pressure on the government and the UK economy. The Consumer Prices Index increased to 3.6 per cent last month compared with an annual inflation rate of 3.4 per cent in May as motor fuel and food prices stayed high, the Office for National Statistics said in a statement. June’s level was the highest since […]

todayJuly 16, 2025

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General

Crime : FCT Taskforce Seizes 280 Vehicles, Motorcycles

Officials of the Federal Capital Territory (FCT) Taskforce have confiscated over 280 vehicles, motorcycles, and tricycles allegedly involved in aiding criminal activities across Abuja. Director, Department of Security Services FCTA, Adamu Gwary, made this known in Abuja while speaking on the ongoing “Operation Sweep Abuja Clean" success story. Gwary, who spoke through tge Secretary, FCTA Command and Control Center, Dr Peter Olumuji, said more than 40 vehicles were seized due […]

todayJuly 16, 2025

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Sports

12th CNS Swimming Championship Kicks Off

The 12th edition of the Chief of Naval Staff (CNS) National Swimming Championship officially commenced on Tuesday, July 16, 2025 at the Stephen Keshi Stadium Swimming Arena in Asaba, Delta State. Originally scheduled for Tuesday, July 15, the opening ceremony was rescheduled to July 16 in line with the Federal Government’s declaration of a national day of mourning to honour of former President Muhammadu Buhari, who passed away on Saturday, […]

todayJuly 16, 2025

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National

COP30 : Environmental Justice Advocates Seek Overhaul Of Global Climate Justice Agenda

  As the world gears up for the 30th Conference of Parties COP30 in Brazil, environmental justice advocates are amplifying calls for a bold overhaul of the global climate justice agenda. Speaking at a regional roundtable on West Africa climate in Abuja, they raised alarm over the deepening climate crisis in the region and the failure of global climate negotiations to offer meaningful solutions. The Convener, Executive Director Health of […]

todayJuly 16, 2025

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Featured

National Mathematical Centre Mourns President Buhari

The National Mathematical Centre, NMC, Abuja, has joined other Nigerians and institutions in mourning the death of former President Muhammadu Buhari, describing his passing as a profound loss to the nation. In a condolence message signed by the Director of the Centre, the NMC expressed deep sympathy to the wife and family of the late president. The statement highlighted President Buhari’s role as a leader of the most populous Black […]

todayJuly 15, 2025

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Featured

PMB Laid To Rest In His Hometown, Daura

Former President Muhammadu Buhari has been buried in his hometown of Daura, Katsina State, in a solemn ceremony attended by national and international dignitaries. The late president, who died in London on Sunday, July 13, 2025, at the age of 82, was laid to rest according to Islamic rites. His burial marked the conclusion of a nationwide mourning period for a man who once led Nigeria as both military ruler […]

todayJuly 15, 2025