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    Kapital FM 92.9 The Station that Rocks!

Economy

196 Results / Page 11 of 22

Economy

Renewable Energy Key To Nigeria’s Economic Future- Speaker

The Speaker of the House of Representatives, Dr Tajudeen Abbas, has emphasized the need for the country to adopt renewable energy to diversify its economy. Speaking at the First Legislative Conference and Expo on Renewable Energy in Nigeria, organized by the House of Representatives Committee on Renewable Energy and the United Nations Development Programme, UNDP, in Lagos, Dr Abbas noted that the global energy landscape is shifting towards cleaner energy […]

todayMay 5, 2025

Economy

Nigeria, Bulgaria Explore New Opportunities

The Nigeria-Bulgaria Parliamentary Group Committee in the House of Representatives is committed to strengthening the existing relationship between the two countries on parliamentary, diplomatic, and business fronts. Chairman of the Committee, Munachim Alozie, stated this at a farewell meeting with the outgoing Bulgarian Ambassador to Nigeria, Amb. Yanko Yordanov. Alozie praised Yordanov's efforts in fostering bilateral relations, citing his visits to 22 out of 36 states in Nigeria. The committee […]

todayApril 16, 2025

Economy

FAAC 2025 Revenue:FG,States, LGCS Share N1.578 Trillion

A total sum of N1.578 trillion, being March 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils as the March 2025 Federation Account Revenue. The revenue was shared at the April 2025 Federation Account Allocation Committee meeting in Abuja; . A statement by the Director Press and Public Relations for the Office of the Accountant General of the Federation explains that the […]

todayApril 16, 2025

Economy

Nigeria May Benefit From United States Tariffs- Alake

The Minister for Solid Minerals Development, Dr. Dele Alake says Nigeria may benefit from the United States of America initiated tariffs. Dr. Alake made this known at the Fireside Chat session on Foreign Direct Investment titled: The Alchemy of Foreign Direct Investment - Turning Policies into prosperity for Emerging Global Markets,” during the 14th edition of the AIM Congress in Abu Dhabi, United Arab Emirates. According to a statement signed […]

todayApril 14, 2025

Economy

Fuel Prices May Fall As FEC Renews Naira-For-Crude Deal

Nigerians will soon heave a sigh of relief as the pump price of Premium Motor Spirit, popularly called petrol, will drastically reduce due to the continuation of crude and refined product sales in the naira initiative by the Federal Government. This assurance was given by Oil marketers who also stated that a major player in the sector, Dangote Refinery, is anticipated to lower its petrol loading costs by the end […]

todayApril 10, 2025

Economy

Ministry Of Steel Devt To Increase Production To 10m Metric Tonnes

Ministry of Steel Development says plans are underway to expand its steel production capacity to ten million metric tonnes annually. The Minister, Prince Shuaibu Audu stated this during a visit to the National Steel Raw Materials Exploration Agency, NSRMEA in Kaduna. Prince Audu explained that Nigeria imports about four billion dollars worth of steel annually, hence the need for import substitution to reduce pressure on foreign exchange. "For Nigeria to […]

todayMarch 20, 2025

Economy

2 Oil Companies Refund N28.7 To Govt

The Public Accounts Committee, PAC, of the House of Representatives has revealed that two oil companies indebted to the Federation Account have refunded about N28.7 billion to the government. The committee is investigating the audit report of the Office of the Auditor General for the Federation for the 2021 financial year. In a statement in Abuja by the House spokesperson, Akintunde Rotimi, Chorus Energy Limited settled its outstanding liability of […]

todayMarch 17, 2025

Economy

Tax reform: Reps approve new VAT sharing formula for states

The House of Representatives, on Thursday, approved a new Value Added Tax sharing formula, allocating 55% to states and 35% to local government councils. This decision followed the adoption of a report by the House Committee on Finance on four tax bills transmitted to the National Assembly by President Bola Tinubu in October 2024. Presenting the report on Thursday, the chairman of the committee, Abiodun Faleke, summarised the extensive review […]

todayMarch 14, 2025

Economy

NAWE Calls For Recognition Of Its Role In Women’s Entrepreneurship

In commemoration of International Women’s Day, the National Association of Women Entrepreneurs (NAWE), Abuja Chapter, has urged the government to grant the association the rights to perform its designated roles effectively. Speaking at the event organized in Abuja to mark the occasion, the FCT Director of National Association Of Women Entrepreneurs,NAWE, Mrs. Margaret Atsevah, expressed concern that the association’s responsibilities are being handled by other offices, limiting its effectiveness. She […]

todayMarch 8, 2025