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    Kapital FM 92.9 The Station that Rocks!

Economics

14 Results / Page 1 of 2

Background

Economics

Senate Approves N5.079tr NCS 2024 Budget

    The Senate, has passed the 2024 budget of the Nigeria Customs Service (NCS). The passage of the budget was sequel to the consideration of the report of the Committee on Customs, Excise and Tariffs 2024 Budget of the Nigeria Customs Service submitted by Senator Isah Jibrin representing Kogi East during plenary in Abuja. Highlight of the budget include revenue collection of ₦5,079,069 trillion and expenditure component of N706,434 […]

todayFebruary 16, 2024 1 3

Economics

UK Economy Shrank At The End Of Last Year

The UK fell into recession during the final three months of last year, official figures show, after the economy shrank by more than expected. Gross domestic product - a key measure of economic activity - dropped by 0.3%. It follows a fall between July and September. The UK is considered to be in recession if GDP falls for two successive three-month periods. It raises questions over whether Rishi Sunak has […]

todayFebruary 15, 2024 1

Economics

Steel Sector Critical To Driving Economy – Ahmadu

  The Steel Sector is essential in the oil and gas industry as it creates various components that are used in the exploration, production, and transportation of oil and gas. Minister of State for Steel Development, Uba Maigari Ahmadu stated this while delivering his goodwill message at the 8th Sub- Saharan Africa International Petroleum Exhibition and Conference, SAIPEC, in Lagos State. Ahmadu noted that Oil and Gas exploration and production […]

todayFebruary 14, 2024 13

Economics

Senate Kicks Against Chevron, Ohers Turning Nig To Extractive Zone

    The Senate committee on Local Content has kicked against the extractive operational model carried out in Nigeria by Chevron, Exxon and other oil companies without manufacturing content as done in other climes. This explains why the National Content Development and Monitoring Board, NCDMB, told the committee to invite the oil companies for explanations on their extractive mode of operation without manufacturing content. The committee during its interactive with […]

todayFebruary 7, 2024 1 2

Economics

House To Investigate Non- Compliance With CBN’s NOP Limits

      The House of Representatives is to investigate non-compliance by banks and financial institutions with the Central Bank of Nigeria, CBN, directives on the Net Open Position, NOP, limits. The house mandated its committees on Banking Regulations and Banking and Institutions to conduct the investigation and report back to the house. According to the CBN, the NOP limit of the overall foreign currency assets and liabilities of banks […]

todayFebruary 7, 2024 2

Economics

Labour Union Protests At NAFDAC Office Over Ban On Sachet Alcoholic Drinks

Organised Labour stormed the Lagos office of the National Agency for Food, Drug Administration and Control, NAFDAC, yesterday, Feb. 6, to protest over the ban and shut down of production lines of companies manufacturing alcoholic drinks in sachets and small bottles below 200ml. Led by leaders of the Trade Union Congress (TUC) of Nigeria and the National Union of Food Beverage and Tobacco Employees (NUFBTE),  Labour rejected the ban on […]

todayFebruary 7, 2024

Economics

Nig Spends $4b On Steel Importation Annually -Audu

The Minister of Steel Development, Prince Abubaker Audu has lamented that Nigeria spends not less than four billion dollars annually for steel importation. The Minister made this know at an interactive session with journalists in Abuja. Prince Audu stressed that Nigeria has more than 90 percent of materials needed for steel production in the country. He further added that President Bola Tinubu's seriousness in revitalising the steel industry triggered the […]

todayFebruary 3, 2024 14 2

Economics

Naira Rebounds As Banks Offload Excess Dollars

Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday made frantic efforts to offload their surplus dollar stocks. It was learnt that the treasury departments of the DMBs spent the entire day battling to sell their excess FX holdings. Officials processed several foreign exchange request forms of their customers […]

todayFebruary 2, 2024 7

Economics

Stainless Steel Juicer – Making Juicing Fun And Easy

The whole point of digital music is the risk-free grazing" Cory Doctorow, Canadian journalist and co-editor and of the off-beat blog Boing Boing, is an activist in favor of liberalizing copyright laws and a proponent of the Creative Commons non-profit organization devoted to expanding the range of creative works available for others to build upon legally and to share. Doctorow and others continue to write prolifically about the apocalyptic changes […]

todayApril 5, 2021 610 10 13

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