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    Kapital FM 92.9 The Station that Rocks!

Business

293 Results / Page 22 of 33
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Business

NNPC Refineries May Never Work Again — Dangote

The President of the Dangote Group, Alhaji Aliko Dangote, has doubted the possibility of the state-owned Port Harcourt, Warri, and Kaduna refineries functioning again. Dangote also stated that the refineries, which are under the management of the Nigerian National Petroleum Company Limited, had gulped up to $18bn, yet have refused to work. The billionaire businessman spoke on Thursday while hosting members of the Global CEO Africa from the Lagos Business […]

todayJuly 11, 2025

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Business

Institutionalize Digital Trade Systems To Boost Intra-Africa Trade- Shettima

As Africa faces the consequences of global fragmentation, commodity transition, and climate disruption, Vice President Kashim Shettima says the continent must mobilize blended finance to attract private capital for infrastructure development and the green transition. Vice President Shettima stated this during the Opening Ceremony of the AFREXIM Bank 32nd Annual Meeting in Abuja. Vice President Kashim Shettima, who was represented by his Special Adviser on Economic Affairs, Tope Fasua explained […]

todayJune 25, 2025

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Business

Avoid CBEX: SEC Cautions Nigerians

The Securities and Exchange Commission, SEC, has again cautioned Nigerians against patronising ponzi schemes such as Crypto Bridge Exchange, CBEX and ST Technologies International Limited. SEC in a statement notes that neither CBEX nor ST Technologies International Ltd is registered with the Commission or authorized to offer investment related services to the public. The Commission, says the warning is necessary following the media reports indicating that CBEX operating under the […]

todayJune 12, 2025

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Business

FG Engages Japan For ¥15bn Loan

The Federal Government has intensified discussions with the Japan International Cooperation Agency to fast-track the implementation of a ¥15bn (about $110m) emergency loan to improve food security across the country. This was disclosed in a statement issued by the Federal Ministry of Finance and Coordinating Ministry of the Economy on Wednesday after a high-level meeting involving the Minister of Finance, Wale Edun; the Minister of Agriculture and Food Security, Senator […]

todayJune 6, 2025

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Business

Naira Depreciates Against Dollar At Official Market

The naira depreciated slightly against the dollar at the official foreign exchange market on Thursday. The Central Bank of Nigeria exchange rate data showed that it fell marginally to N1,584.95 per dollar on Thursday from N1,584.49 traded on Wednesday. This means that the Naira dropped by N0.46 against the dollar on a day-to-day basis. However, at the black market, the sell rate of Naira to dollar remained flat at N1,625 […]

todayMay 23, 2025

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Nigeria’s Sugar Industry Key To $1tr Economy Vision – Minister

The Minister of Industry, Trade and Investment, Dr. John Enoh, has emphasized the critical role of the sugar industry in achieving President Bola Tinubu's $1 trillion economy vision. Speaking at a one day public hearing on a bill to amend the National Sugar Development Council Act, organized by the house of representatives, Committee on Industry, Enoh noted that the sugar industry has the potential to drive rural development, create jobs, […]

todayMay 23, 2025

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Business

Delay In Paying Contractors – Reps Invite Edun, AGF

The House of Representatives has invited key government officials, including the Ministers of Finance and Budget and the Accountant-General of the Federation, to explain why contractors working with federal ministries and agencies have not been paid since October 2024. In a motion of urgent public importance sponsored by Mr. Nnamdi Ezechi, from Delta State the House expressed concern over the impact of the non-payment on the economy. In his lead […]

todayMay 8, 2025

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Business

Chinese Investors Laud Nigeria’s Sugar Master Plan

The National Sugar Development Council (NSDC) has signed a major Memorandum of Understanding (MoU) with SINOMACH, a Chinese conglomerate, for the development of a sugarcane cultivation and processing project capable of producing one million metric tonnes of sugar in the country. The MoU, which is an early fruit of the Nigeria-China Strategic Partnership—an initiative of President Bola Ahmed Tinubu—has the potential to attract investments of up to one billion dollars […]

todayApril 13, 2025

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Business

Marketers Predict Cheaper Petrol Nationwide As Dangote Begins Naira Sale

•Refinery slashes loading cost to N865 after Naira-for-crude deal, fuel depot prices to fall Twenty-two days after suspending the sale of petroleum products in naira, the Dangote Refinery has resumed sales of its refined petroleum products to its partners and marketers in the local currency. The 650,000 barrels facility has also informed marketers and customers of a downward review of its loading cost, reducing its ex-gantry price to N865 per […]

todayApril 11, 2025