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    Kapital FM 92.9 The Station that Rocks!

Economy

57 Results / Page 1 of 7

Economy

Ban Importation Of Kampala To Protect Local Market

    The House of Representatives has urged the Federal Government to ban the importation of adire/kampala and other local fabrics to protect the local market and earn foreign exchange for the country. The resolution of the House followed the adoption of the motion titled, “Call to revive and promote the traditional fabric industry of Adire/Kampala to boost the nation’s cultural heritage, moved by a member representing Abeokuta South Federal […]

todayMarch 20, 2024 2

Economy

Wike Commissions Waterpark, Woos Investors To FCT’s Untapped Tourism Sites

Minister of the Federal Capital Territory, Mr Nyesom Wike has commissioned a private owned recreational facility, called Sunrise Waterpark, in Asokoro district of Abuja. At the ceremony, Wike called on investors to come and invest and explore the largely untapped tourism potential that abounds in Abuja. The Minister who noted that Nigeria's tourism sector has remained largely untapped, said President Bola Tinubu is desirous to see that the tourism sector […]

todayMarch 16, 2024 240 10 2

Economy

Guineans, Togolese, Malians Pay More For Electricity Than Nigerians – Minister

The Minister for Power, Adebayo Adelabu, has said citizens of other African countries including Guinea, Togo, Mali and others pay more than what Nigerians pay for electricity. Adelabu said Nigerians would also be ready to pay more for electricity if they get an improved power supply for their money The minister said this on Thursday when he visited the corporate headquarters of the Ikeja Electric in Lagos State. Adelabu, during […]

todayMarch 15, 2024 4

Economy

Industrialisation, Technology Key Factors In Driving Economy – Nnaji

Industrialization and Technology are key factors in driving any economy for meaningful development. This was the position of the Minister of Innovation, Science and Technology, Chief Uche Nnaji during an official tour of the Technology Incubation Centre, TIC, in Agege, Lagos state. Chief Nnaji who assured the Federal Governmen's readiness to support industrialists and Entrepreneurs in achieving their goals lauded the National Board For Technology Incubation, (NBTI) for churning out […]

todayMarch 10, 2024 10 2

Economy

House Summons CBN Gov Over Cancellation Of $2.4b Forward Contracts

  The House of Representatives has asked the governor of the Central Bank of Nigeria (CBN) to appear before its committee on Small and Medium Scale Enterprises, SMEs to explain the recent cancellation of about $2.4 billion worth of forward contracts sold to manufacturers on the grounds of incomplete import documents. The resolution followed a motion of urgent public importance sponsored by a member from Adamawa state, Zakaria Nyamkpa at […]

todayFebruary 28, 2024 4

Economy

Senate Mulls Six Years Single Term For CBN Gov

    The Senate has set a machinery in motion for amendment of the Central Bank of Nigeria ( CBN ) Act 2007, which will among others, make tenureship of Governor of the apex bank, a six year single term as against renewable five years in the extant Act. It also proposes N1trillion recapitalization for commercial banks which presently stands at N100billion. As the Senate moves for sweeping reforms in […]

todayFebruary 28, 2024 6

Economy

FG Declares War On FX Speculators As Naira Slides To N1,830 To Dollar

The federal government yesterday declared war on currency speculation in its effort to stem the crisis in the foreign exchange (FX) market. The government issued a directive to the Office of the National Security Adviser (ONSA) and Central Bank of Nigeria (CBN) to join forces to address the challenges posed to the national economy by the speculative FX activities. Equally, yesterday, in a renewed bid to safeguard Nigeria’s FX market […]

todayFebruary 21, 2024 3

Economy

National Mathematical Center Moves To Use Mathematics In Strengthening Economy

As part of efforts to boost Nigeria's socio economic growth, the National Mathematical Centre is being repositioned to use Mathematics in strengthening the national economy. The Director General of the Centre, Prof Promise Mebine, at the Opening of a three day Staff Retreat in Abuja said that Mathematics and its applications play pivotal roles in strengthening the economy and national statistics. He therefore stressed that for the country to be […]

todayFebruary 20, 2024 14

Economy

Economy : NCPC Boss Wants Nigs To Be Optimistic

The Executive Secretary, Nigeria Christian Pilgrim Commission, NCPC, Bishop Stephen Adegbite wants Nigerians not to allow the present dwindling economic situation affect their faith in God and love for the country. It  The NCPC Scribe made the call during a courtesy visit to the President of the Christian Association of Nigeria, CAN Archbishop Daniel Okoh in Abuja. Bishop Adegbite also called on Nigerians to exercise patience and be optimistic that […]

todayFebruary 20, 2024 14

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