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    Kapital FM 92.9 The Station that Rocks!

Bukky

824 Results / Page 21 of 92
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National

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 […]

todayJuly 16, 2025

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National

FG Implementing Presidential CNG Initiative To Reduce Demand For Petroleum

Minister of Solid Minerals Development, Dr. Dele Alake says the present administration is implementing the Presidential Compressed Natural Gas Initiative to reduce the demand for petroleum. Dr. Alake stated this at the opening of the 4th African Natural Resources And Energy Investment Summit, AFNIS at the Presidential Villa in Abuja. He said that Nigerians have fully embraced the initiative with patriotic enthusiasm as more than 2,500 vehicles were converted to […]

todayJuly 16, 2025

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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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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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General

Former Minister Dame Pauline Tallen Mourns Late FPMB

Former Honourable Minister of Women Affairs Dame Pauline Tallen CON, KSG has expressed profound sadness over the passing of former President Muhammadu Buhari, GCFR In a statement personally signed by the former minister describes the late Gen Buhari as a rare statesman; disciplined, principled, and wholly committed to the service of Nigeria. She says his legacy will be remembered not only for his unwavering integrity and selfless leadership, but also […]

todayJuly 15, 2025

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National

Labour, Women Groups Advocate Inclusivity, Fairness In Constitution Amendment

Women advocacy groups and the organized labor have urged the Constitution Amendment Committee to ensure inclusivity and fairness as it considers proposed changes to the 1999 Constitution. At the North Central Zonal Public Hearing held in Minna, Niger State, representatives from Niger, Kwara, and Kogi States made submissions pressing for greater representation of women and protection of labor rights. Speaking on behalf of the group, "Women Participating in Politics", Abaniwo […]

todayJuly 12, 2025

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National

Constitution A Living Compact That Must Evolve With People It Governs -Gov Sani

Kaduna State Governor Uba Sani has called for a comprehensive overhaul of Nigeria’s 1999 Constitution, urging lawmakers to prioritize the empowerment of citizens and democratic institutions over elite interests. Speaking through his deputy, Hadiza Balarabe, at the North-West zonal public hearing on the constitution review held in Kaduna, Sani described the Constitution as a “living compact” that must evolve with the people it governs. “This is not just a technical […]

todayJuly 12, 2025