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    Kapital FM 92.9 The Station that Rocks!

Business

73 Results / Page 3 of 9
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Business

Naira Weakens At Official Market, Banks Sell $584m

The value of foreign exchange transactions recorded on the official Nigeria Autonomous Foreign Exchange Market has risen to $584m, according to data posted on the FMDQ Exchange on Tuesday. This represents a significant increase from the $440m daily transaction previously recorded on the platform. The development came as the national currency weakened against the United States dollar at the official market on Tuesday. It closed at N1433/dollar, compared to N1419/dollar […]

todayFebruary 7, 2024 1

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Business

Fitch Rates Benue State ‘B-‘; Outlook Stable

  Benue Investment and  Property Company BIPC says the Fitch Ratings has announced that it has assigned a long-term foreign-currency issuer default rating of 'B-' to Benue State, along with a stable outlook, In a statement signed by the managing director of Benue Investment and Property Company Dr. Raymond Asemakaha says the rating reflected  Fitch's assessment of the state's creditworthiness and  its ability to meet its financial obligations. According to […]

todayFebruary 6, 2024 37 2

Business

CBN Orders Banks To Sell Excess Dollars In 24 Hours

Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024. The CBN, which made the disclosure in a new circular released on Wednesday, also warned lenders against hoarding excess foreign currencies for profit. According to officials, the central bank believes some commercial banks hold long-term foreign exchange positions to enable them profit from the volatile movements of exchange rates. […]

todayFebruary 1, 2024 2

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Business

TMA Tasks FG On Consistent Business Devt Policy

Professional Business Group, Turnaround Management Association, TMA, has called on the Federal Government to ensure a consistent policy regime that allows businesses to plan towards reducing the number of moribund companies and businesses in the country. The New Vice President of TMA, Mr Ndubuisi Enechionyia, made the call while speaking with newsmen in Abuja on his plan of action for the Association. Mr Enechionyia attributed the current inflation and high […]

todayJanuary 27, 2024 22 5

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Business

BIPC To Take Benue GDP From N4.811bn to N7.288bn

Benue Investment and Property Company Limited, says the company has initiated a move in line with the vision of Governor Hyacinth Alia to formulate projects that will stimulate the economy and improve the GDP from $5.4 million (N4.811billion) to $8 million (N7.288 billion) for the state. The Managing Director of the company BIPC, Dr Asemakaha disclosed this at a press conference held at BIPC Guest House in Makurdi the Benue […]

todayJanuary 24, 2024 21

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Business

FG To Sell Five Power Plants For $1bn

The Federal Government through the Bureau of Public Enterprises is currently carrying out transactions for the sale of five power plants under the National Integrated Power Projects at a cost of about $1.15bn, it was gathered on Tuesday. Although sources familiar with the development explained that the cost of the plants should exceed $5bn based on international benchmark, they revealed that the BPE was planning to sell the facilities at […]

todayJanuary 24, 2024 6

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Business

Nigeria To Host World Rubber Summit

  As part of measures to revamp the rubber sector towards boosting the nation's economy, the Ministry of Industries, Trade and Investment is to produce a Commodity Policy for Nigeria's Rubber Sector. The Minister of Industries, Trade and Investment, Dr. Doris Uzoka - Anite made this known in Abuja while inaugurating a Local Organizing Committee on the World Rubber Summit. Dr. Uzoka - Anite who described the rubber sector as […]

todayJanuary 23, 2024 127

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Business

Experts Seek Effective Regulation Of Banks For Development

  By Mathew Ayoola A Business Professional Group, Turnaround Management Association of Nigeria, TMA, has attributed inflation and high interest rates for financing of business operations in Nigeria as some of the factors responsible for the number of moribund businesses and companies in the country. The President of the Association, Mr Dele Bello Williams made this known in Abuja during the End of the Year Dinner and Award Ceremony of […]

todayDecember 9, 2023 27 3

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Business

WABMA Appoints Yawe Executive Director Business Development

  The West Africa Broadcast and Media Academy (WABMA) has appointed Mike Msuega Yawe as its Executive Director of Business Development, a role that places him in charge of the growth and expansion of the academy. A statement by the Rector of WABMA, Ken Okere says Mr Yawe is joining WABMA at a time when the academy begins to broaden its portfolio of training and offerings to position itself as […]

todayNovember 23, 2023 10 3

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