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    Kapital FM 92.9 The Station that Rocks!

Business

293 Results / Page 25 of 33
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Business

Benue State: Nigerian Breweries Plc to Resume Production

A 90-day ultimatum has been issued to the Nigerian Brewery to resume production at its plant located along the Makurdi-Gboko Road, Makurdi, Benue State. The ultimatum was given by Dr. Raymond Asemakaha (CFA), the Managing Director of the Benue Investment and Property Company Limited (BIPC), during a meeting with representatives from the Nigerian Brewery at the BIPC corporate headquarters in Makurdi. ALSO READ: BIPC set to double Benue GDP Dr. […]

todayMay 22, 2024

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Business

Controversy Trails CBN’s Cybersecurity Levy On Electronic Transactions

Controversy has trailed the introduction of the 0.5 per cent cybercrime levy on all electronic transactions with Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and financial sector operators   expressing concerns, calling on the Federal Government to clarify grey aspects of the law authorizing the levy. While describing the levy as another stealth tax on the private sector, NACCIMA called for a suspension of the levy for a few weeks pending […]

todayMay 8, 2024

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FG Orders Registration Of 1.9 Million PoS Operators

The Federal Government through the Corporate Affairs Commission has issued a two-month registration deadline to Point of Sales companies, to register their agents, merchants, and individuals with the commission in line with legal requirements and the directives of the Central Bank of Nigeria. The agreement was reached on Monday during a meeting between Fintechs and the Registrar-General CAC, Hussaini Ishaq Magaji, in Abuja. According to the Nigeria Inter-Bank Settlement System, […]

todayMay 7, 2024

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Business

Dollar Speculation: FG To Ban Naira From Crypto Trading Platforms

The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate manipulators and dollar racketeers. The development came against the backdrop of the recent moves by the Federal Government to regulate Nigeria’s crypto market estimated at $57bn. The newly-appointed Director-General of the Commission, Emomotimi Agama, disclosed the government’s latest plan during […]

todayMay 7, 2024

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Business

Fuel Crisis Worsens As Depots Divert PMS To Abuja

Despite claims by the Nigerian National Petroleum Company Limited that the logistic issues causing fuel scarcity had been addressed, Nigerians in Lagos and other parts of the country were still struggling to get Premium  Motor Spirit as many filling stations remained under lock and key throughout the weekend. The PUNCH independently gathered that the situation might worsen in Lagos and other parts of the South-West like Ogun, Oyo, Osun and […]

todayApril 29, 2024

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Business

Cash Transfer: FCT- CARES, AEA,Train SME Owners

In line with its vision to make businesses thrive in Abuja, the Federal Capital Territory Administration, FCTA, has trained 100 small scale business owners on how to benefit from the FCT cash transfer initiative to grow their businesses. The applicants for the FCT- CARES cash transfer, drawn from the six Area Councils, were trained by the Abuja Enterprise Agency, AEA, saddled with the task of promoting and supporting ease of […]

todayApril 18, 2024

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Business

Marketers Excited As Dangote Slashes Diesel Price to N1,000/Litre

The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly called diesel. On Tuesday, the refinery announced a reduction in the price of diesel from N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the downstream oil sector. Dangote refinery announced this in a statement issued on Tuesday by its spokesperson, Tony Chiejina. The […]

todayApril 17, 2024

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Business

Benue Receives International Cerification

The International Organization for Standardization (ISO) has certified the operations of Benue Investment and Property Company Limited (BIPC) as meeting international standards. The Managing Director of Occupational Safety Consultants (OSC) Ltd., Kelvin Acka, presented the certificate on behalf of the ISO, saying the certification signifies that BIPC has implemented robust quality management systems that adhere to internationally recognized standards. Acka explained that the company has demonstrated their commitment to customer […]

todayApril 5, 2024

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Business

WAIFEM Calls For Improved Debt Management

In recent times, the West African sub-region has been struggling with significant economic and financial challenges, including high fiscal deficits, rising public debt levels, low growth rates, persistent external Imbalances and weak domestic resource mobilisation capacity. Against this Backdrop, the Director General, West African Institute for Financial and Economic Management, WAIFEM, Dr Baba Musa said improving debt management strategies and practices to ensure Debt sustainability and long-term economic growth has […]

todayMarch 4, 2024