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    Kapital FM 92.9 The Station that Rocks!

Business

293 Results / Page 23 of 33
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Business

Trump’s Tariff Threatens $10bn US-Nigeria Trade

25-year duty-free AGOA partnership in danger, Nigerian-American commerce chamber worries •Nigeria’s crude revenue may plunge as US begins enforcement Wed, NACCIMA raises concerns The newly imposed 14 per cent tariff by US President Donald Trump on exports by Nigerian businesses presents a significant risk to the $10bn annual exports to the United States, potentially disrupting key sectors such as oil export and agricultural trade, experts and trade associations concerned about […]

todayApril 4, 2025

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Business

Dangote Refinery, Others May Import $1.4bn Crude Monthly

The Dangote Petroleum Refinery and some modular refineries in Nigeria may spend about $8.56bn to import an estimated 122,400,000 barrels of crude oil to achieve full operational capacity in six months. Accoding to reports, this means the refiners may spend about $1.43bn monthly on the importation of crude oil into Nigeria. The plants may spend this much amid the uncertainty surrounding the sustainability of the naira-for-crude policy between the Nigerian […]

todayMarch 25, 2025

Business

BIPC Filling Station Advances With CNG Conversion

The remodeling of the Benue Investment and Property Company Limited (BIPC) Filling Station to incorporate a Compressed Natural Gas (CNG) conversion center has reached an advanced stage. This project, aimed at promoting cleaner energy alternatives, is set to provide vehicle owners in Benue State with access to CNG refueling services and conversion facilities. When the corporate communications team led by Joyce Isiaku visited the station, significant progress was made in upgrading the facility, with structural modifications nearing completion and the […]

todayMarch 12, 2025

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Business

File Annual Returns Before March 31st – FCT-IRS Urges Residents

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has urged residents to file their Annual Income Returns before the deadline of March 31st, 2025. In a statement, the Service says that filing annual returns of income from all sources is mandatory for all taxpayers in the private and public sectors. The statement also listed public office holders, elected and appointed, those in self-employment, including business owners and partnerships/enterprises that are […]

todayMarch 12, 2025

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Business

PMS cost may drop further as crude prices fall

The price of Premium Motor Spirit (petrol) may be on a downward slope if the crude oil prices continue to slip. According to repots,  this will also be strengthened as the naira maintains its stability against the dollar in the foreign exchange market. Oil prices fell about two per cent to a 12-week low this week amid reports that OPEC+ will proceed with a planned oil output increase in April. […]

todayMarch 6, 2025

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Business

FCCPC Directs MultiChoice to Maintain Current Prices Pending Investigation

    The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria to maintain its current subscription prices until the ongoing investigation into its proposed price hike is concluded. A statement from FCCPC Director of Corporate Affairs, Mr Ondaje Ijagwu says the directive follows MultiChoice Nigeria’s request for an extension regarding its scheduled appearance before the Commission. "While the FCCPC has granted the request, the company is now […]

todayFebruary 27, 2025

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Business

Judgment: CBN Assures Depositors Of Keystone Bank’s Stability

The Central Bank of Nigeria has assured the public that Keystone Bank Limited remains stable and fully operational despite a court order forfeiting the bank’s shares to the Federal Government. In a statement issued on Friday, the CBN’s acting Director of Corporate Communications, Hakama Sidi Ali, acknowledged concerns over the development but maintained that there was no cause for alarm. She stated that the stability of the banking sector and […]

todayFebruary 14, 2025

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Business

Fresh Price Hike Looms As NPA Plans 15% Tariff Increase

The Nigerian Ports Authority said it has secured necessary approvals for an upward review of its tariffs by 15 per cent, stressing that this was last reviewed in 1993. It said the move was necessitated by the urgency of bringing Nigerian ports up to speed with its peers in terms of infrastructure and equipment to ensure competitiveness at the ports. This came as operators at the ports declared that the […]

todayFebruary 7, 2025

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Business

BIPC Sues NDIC, Demands N8.6bn

BIPC sues NDIC one other over illegal sell of shares, demands over N8. 6bn The Benue Investment and Property Company (BIPC) has dragged the Nigeria Deposit Insurance Corporation (NDIC) and All States Trust Bank(in-liquidation) before the Federal High Court Makurdi, over illegal sell of shares. Our correspondent reports that the case which started in 2011, at some point could not continue because NDIC requested for out of court settlement and […]

todayJanuary 30, 2025