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    Kapital FM 92.9 The Station that Rocks!


66 Results / Page 1 of 8


Manufacturing, Others Suffer As Economy Slows To Three-Year Low

The nation’s Gross Domestic Product growth fell to 2.74 per cent in 2023 from 3.10 per cent in 2022, according to new GDP report released by the National Bureau of Statistics on Thursday. This represents the slowest growth since 2020 when the economy contracted and entered into a recession by –1.92 per cent due to the COVID-19 pandemic. The NBS in its ‘Nigerian Gross Domestic Product Report, (Q4 2023)’ released […]

todayFebruary 23, 2024 2


Customs Begin Distribution Of Seized Food Items Today

The Comptroller General of Customs, Adewale Adeniyi, has said that the distribution of seized food items would commence on Friday. Adeniyi, while speaking with journalists on Thursday in Lagos, warned that the distributed seized food items was not to be resold. Adeniyi also warned that customs officers were banned from partaking in the exercise, adding that the rice would come in 25kg, which would be sold for N10,000. Recall that […]

todayFebruary 23, 2024 3


Wike To Reclaim Abuja Tech- Village

Minister of the Federal Capital Territory, FCT, Mr Nyesom Wike, wants the Abuja Technology Village along the airport road, to take possession of its land from illegal settlers and attract investors. The Minister who stated this during an inspection of the Tech village in Abuja, said the land when reclaimed, would give way for construction of an office, and leave the rented apartment in the premises of Abuja Chamber of […]

todayFebruary 20, 2024 38 2


15 Trucks Of Smuggled Foods Intercepted In Sokoto – Customs

The Nigeria Customs Service, on Sunday, declared that it had intercepted 15 trailers that were fully loaded with food items and were heading out of the country through the Sokoto State border. It said the trailers were stopped and the food items were returned to Nigeria, adding that this was part of measures to stabilise the prices of food items across the country in line with the mandate of the […]

todayFebruary 19, 2024 3


Naira Weakens As Banks’ Dollar Sales Plunge By $252m

Dollar sales by Deposit Money Banks and other entities at the Nigeria Autonomous Foreign Exchange Market dropped by $252m to $84.1m on Friday. This represents a 74 percent drop from the $331.1m transactions recorded at the official Nigeria Autonomous Foreign Exchange Market on Thursday. Meanwhile, the naira depreciated to N1,537/$ on Friday from N1,498/$ recorded at the close of trading activity on Thursday at the official market. Analysis of data obtained from […]

todayFebruary 19, 2024 3


Foreign Businesses Believe In Nigeria -Minister Of Information

The Minister of Information and National Orientation, Mohammed Idris, has expressed happiness that more business conglomerates have found Nigeria conducive for investment and beckoned on those already established to spread their tentacles more across the country. He said this will translate to more profits for them and better economic indices for the country. The minister spoke at the opening ceremony of the Bon Octagon Hotel in Jahi Abuja. The minister […]

todayFebruary 15, 2024 10


Tinubu Administration Will Enhance Economic Empowerment Of Artisans- Iyaloja

Tinubu Administration Will Enhance Economic Empowerment Of Artisans- Iyaloja The Iyaloja-General of Nigeria and Chairperson, National Market Council of Nigeria (NAMCON), Dr Folashade Tinubu-Ojo has assured artisans across the country of enhanced economic progress under President Tinubu’s Administration. Dr. Folashade gave the assurance in Abuja when she received in audience, the national leadership of the Building and Construction Artisans Association of Nigeria (BACSAAN), led by its national president, Alhaji Fasasi […]

todayFebruary 15, 2024 8


Naira Gains At Official Market, Weakens To N1500/$ Parallel Market

The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499/ from an all-time low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This means the naira gained by 2.3 per cent or N35, according to FMDQ Exchange, a platform that publishes official foreign exchange trading in the country. The naira has depreciated following the removal of fuel subsidy and the unification of the exchange […]

todayFebruary 14, 2024 1


FCT-IRS Extends Organisations Tax Filing Deadline To February 29

The Federal Capital Territory Internal Revenue Service, FCT-IRS, has extended the deadline of filing of Annual Tax Returns from January 31 to February 29, 2024 for Organisations/ Employers of Labour in the FCT. The Management of FCT-IRS out of its magnanimity, heeded to taxpayers' request for extension. In view of this, the deadline has been extended by one month to enable organisations and employers of labour as well as agents […]

todayFebruary 12, 2024 6