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    Kapital FM 92.9 The Station that Rocks!

Business

293 Results / Page 24 of 33
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Business

FCT-IRS Partners EFCC’ To Check Tax Evasion

To prevent tax evasion, the Federal Capital Territory Internal Revenue Service, FCT-IRS, is collaborating with the Economic and Financial Crimes Commission, EFCC to enforce compliance. The Acting Executive Chairman of FCT-IRS Mr Michael Ango sought the collaboration when he paid a visit to the Executive Chairman of EFCC, Mr Olanipekun Olukoyede in Abuja. He explained that the partnership was important because of the statutory roles of both agencies, to ensure […]

todayJanuary 30, 2025

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Business

NNPCL Raises Petrol Price To N990 In FCT, N960 In Lagos

Retail outlets owned by the Nigerian National Petroleum Company Limited have raised the pump price of Premium Motor Spirit, also known as petrol, from N965 to N990 per litre in the Federal Capital Territory. They also increased their price in Lagos from N925 to N960 per litre. This is even as the price of crude oil showed a marginal decline on Tuesday. Checks by our correspondents at some of the […]

todayJanuary 22, 2025

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Business

Banks Raise Withdrawal Limit To N50,000

Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day, findings by The PUNCH have shown. A survey conducted by our correspondent on Tuesday revealed that banks, including Guaranty Trust Bank and Zenith Bank, have increased the withdrawal limit, enhancing it from N5,000 that was allowed to customers last month. At the GTBank branch located along the airport road, customers were […]

todayDecember 4, 2024

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Business

FG Begins N2.7tn Subsidy Debt Probe, Enlists Auditor General

The Federal Government has begun the proposed audit of the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited, The PUNCH has learnt. An audit firm, KPMG had conducted an initial audit reducing the claims from N6tn to N2.7tn. However, in the new audit, the government said it had approved the engagement of the Office of the Auditor General of the Federation to verify the claims made by […]

todayJune 21, 2024

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Business

$3.3bn Loan-For-Crude: FG Gets $925m Lifeline As Naira Trades 1,481/$

As the naira continues to weaken near the 1,500/dollar band at the official and parallel foreign exchange market, the Federal Government has received a lifeline of $925m from the Afrieximbank to boost the forex market and meet its dollar obligations. The local currency has been under pressure against the United States dollar and other major global currencies in recent weeks due to the forex shortage. The Central Bank of Nigeria […]

todayJune 7, 2024

solar panel installation
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Africa

Nigeria’s Energy Sector gets a boost

The UK-funded Manufacturing Africa programme has scored a significant win for Nigeria's clean energy sector. Three companies in the programme’s portfolio—Arnergy, Koolboks, and BURN Manufacturing—have collectively secured $17m million in Foreign Direct Investment (FDI), boosting Nigeria’s efforts to expand access to renewable energy solutions. These investments will provide energy for more Nigerians, reduce carbon emissions, lead to the creation of 1100 jobs, and support thousands of livelihoods. The three companies […]

todayJune 4, 2024

Gov. Hyacinth Iormem Alia
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Business

Benue State Launches 4 Companies

With the mission to drive economic development by promoting, managing and investing in real sector and service projects that maximize stakeholder’s value, the Benue Investment Property Company BIPC has launched four companies in Makurdi, Benue State Nigeria. These were the BIPC Bakery, A Water Factory, and the unveiling of its flagship products: BIPC Bread, BIPC Water, Emperor Fertilizer, and innovative Motorcycle Hire Purchase Scheme. In a welcome address, Dr Raymond […]

todayMay 29, 2024

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Business

Naira Strengthens To 1,339.33/$ At Official Market

The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 per cent over Friday’s 1,482.81/$. According to FMDQ data, which houses the Nigerian Autonomous Foreign Exchange Market, the daily turnover dropped to $180.80m from $556.25m on Friday, indicating a 67.50 per cent decline. At the official market, the naira traded at an intraday high of N1,501 and an intraday low of N1,310 […]

todayMay 28, 2024

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Business

BIPC Brewery: Benue Signs Non Disclosure Agreement

The Benue Investment and Property Company Limited (BIPC) has entered into a Mutual Confidentiality and Non-Circumvention Non-Disclosure Agreement with Main Street Capital Limited to develop the BIPC Brewery and other business initiatives. This agreement aims to facilitate the development of various business projects undertaken by the company. Managing Director of BIPC, Dr. Raymond Asemakaha-CFA, while highlighting the importance of the agreement, says it would enable the company to secure funding […]

todayMay 24, 2024