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    Kapital FM 92.9 The Station that Rocks!

Economy

262 Results / Page 14 of 30
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Economy

Oyetola Unveils ₦10.5bn 2026 Marine, Blue Economy Budget, Decries Funding Shortfalls

The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has presented a ₦10,499,984,667.10 budget proposal for the Federal Ministry of Marine and Blue Economy for the 2026 fiscal year, expressing concern that the allocation falls far short of what is required to effectively discharge the ministry’s extensive responsibilities vital to Nigeria’s trade, transport efficiency and food security. Dr. Oyetola made the disclosure while defending the ministry’s 2026 budget before […]

todayFebruary 10, 2026

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Economy

House Seeks Stronger Legal Backing For EFCC, NFIU

The House of Representatives Committee on Financial Crimes has pledged to strengthen the country’s anti-corruption agencies as part of efforts to boost economic stability and improve its global standing. The Chairman of the Committee, Ginger Onwusibe, made the commitment during a 2026 budget defence session with the Economic and Financial Crimes Commission, EFCC, and the Nigeria Financial Intelligence Unit, NFIU. Onwusibe said the 2026 budget prioritises infrastructure development and food […]

todayFebruary 10, 2026

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Economy

Digital Lending Rule: FCCPC Goes After Violators

The Federal Competition and Consumer Protection Commission (FCCPC) has commenced a phased implementation of enforcement measures in respect of Digital Money Lending (DML) operators that did not regularise their status in accordance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). The deadline was Monday, 5 January 2026. Speaking on the commencement of enforcement measures, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, […]

todayJanuary 21, 2026

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Economy

FG Establishes Gold, Lithium Processing Plants Nationwide

Nigeria is consolidating its position as Africa’s emerging minerals supply hub with the establishment of lithium processing and gold refining plants across the country. The Minister of Solid Minerals Development, Dr. Dele Alake, made this known at a meeting with the Saudi Arabian Minister of Industry and Mineral Resources, Mr. Ibrahim Al-Khorayef, ahead of the Future Minerals Forum in Riyadh, Saudi Arabia. Dr. Alake stated that the new facilities are […]

todayJanuary 13, 2026

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Economy

House Of Reps Renews Commitment To People-Centred Legislation In 2026

The House of Representatives has renewed its commitment to people-centred legislation, effective oversight and national development in 2026, while extending New Year greetings to Nigerians at home and in the diaspora. In a statement by the House Spokesperson, Mr Akin Rotimi, the green chamber said 2026 presents a moment for reflection and renewed responsibility, praising the resilience of Nigerians despite ongoing economic and security challenges. The House says its priorities […]

todayDecember 31, 2025

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Economy

‎NDIC Reaffirms Compliance With Fiscal Regulations, Seeks Stronger Depositor Protection

‎‎The Nigeria Deposit Insurance Corporation, NDIC, has reaffirmed its strict compliance with fiscal and financial regulations, including the Fiscal Responsibility Act, FRA, 2007, as part of efforts to strengthen depositor protection and financial system stability. ‎‎The Managing Director/Chief Executive of NDIC, Mr. Thompson Oludare Sunday, made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated, MOFI, Dr. Armstrong Takang, following his assumption […]

todayDecember 31, 2025

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Business

‎NAICOM Rules Out Extension Of Insurance Recapitalisation Deadline

The National Insurance Commission, NAICOM, has reaffirmed that it will not extend the July 31, 2025 deadline for the recapitalisation of insurance companies operating in Nigeria. ‎ The Commissioner for Insurance and Chief Executive of NAICOM, Mr. Olusegun Ayo Omosehin, made this known during an interactive session with insurance journalists in Abuja, stressing that any serious risk underwriting company should be able to meet the deadline. ‎ ‎Omosehin, who was […]

todayDecember 30, 2025

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Economy

Reps Give CBN Deadline To Resolve Revenue Dispute

The House of Representatives has given the Central Bank of Nigeria an ultimatum to complete an ongoing reconciliation with the Ministry of Finance and the Fiscal Responsibility Commission over alleged unremitted revenue to the federal government. The House Committee on Public Accounts issued the directive after the central bank asked for more time to appear before lawmakers, following a resolution summoning its governor. Chairman of the committee, Bamidele Salam said […]

todayDecember 16, 2025

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Economics

‎CBN Revokes Licences Of Aso Savings, Union Homes To Strengthen Mortgage Sub-Sector ‎

The Central Bank of Nigeria, CBN, has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc as part of efforts to reposition the mortgage banking sub-sector and enforce regulatory compliance. ‎ A statement by the Acting Director Corporate Communications Department of the Central Bank of Nigeria, Mrs Hakama Sidi Ali, notes that the revocation followed persistent violations of extant laws and regulatory […]

todayDecember 16, 2025