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    Kapital FM 92.9 The Station that Rocks!

Economy

196 Results / Page 15 of 22
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Economy

Wike Receives Rwandan, Swedish Envoys, Says Investors Are Welcome

Minister of the Federal Capital Territory, Nyesom Wike has in two separate meetings, received the Rwandan High Commissioner to Nigeria, His Excellency, Christophe Bazivamo and the Swedish Ambassador to Nigeria, Her Excellency, Annika Hahn-Englund. The Minister who expressed gratitude to the envoys for acknowledging the progress the FCT Administration achieved in infrastructure transformation and security also pledged to welcome investors from these countries. Wike also informed the two envoys that […]

todayMay 21, 2024

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Economy

Dangote Petrol Supply: FG May Slash N6tn Fuel Import

The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale of premium motor spirit as promised by the Chairman of the Dangote Group, Aliko Dangote. Dangote, while speaking at the Africa CEO Forum Annual Summit in Kigali, Rwanda on Friday, assured Nigerians that following the laid-down plans of the Dangote refinery, Nigeria would no longer need to import petrol starting […]

todayMay 20, 2024

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Economy

FAAC Disburses N1.2trn Revenue To FG, States, LG For April

FAAC distributes N1.2 trillion in revenue to the Federal Government, states, and local governments for the month of April. During the FAAC meeting held in May 2024, the allocation shared consisted of N284.716 billion in distributable statutory revenue, N466.457 billion in distributable Value Added Tax (VAT) revenue, N18.024 billion in electronic money transfer levy revenue, and N438.884 billion in exchange difference revenue. The information was included in a statement released […]

todayMay 17, 2024

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Economy

Big Companies Should Pay Cyber Security Levy- Nwosu

President of the Ugwumba Leadership Centre and former Chief of Staff to Imo State Government, Chef Uche Nwosu, has advocated for exclusion of the poor masses from the cyber security levy if implemented. Chief Nwosu made the plea while addressing newsmen in Abuja. Nwosu who is an All Progressives Party chieftain, said the policy should not be discarded totally but should be implemented for multinational companies. "I am not in […]

todayMay 16, 2024

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Economy

CAC Establishes Center For Registration Of POS Operators

. The Corporate Affairs Commission has established a facility dedicated to the collective enrollment of POS operators into its database. The CAC Registrar-General, Hussaini Magaji emphasizes the significance of including PoS operators in the commission's database, stressing the importance of this registration process. He mentioned that the center has all the essential amenities to function around the clock and guarantee the commission's successful fulfillment of its objectives. He said, “What […]

todayMay 9, 2024

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Economy

Nig To Benefit From Synergy With Hydropower Professionals

  Minister of Water Resources and Sanitation, Prof. Joseph Utsev says Nigeria stands to benefit immensely from synergy with hydropower professionals to address multifaceted challenges and contribute to the socioeconomic advancement of Nigeria. Prof. Utsev made this known when he hosted the  President of Nigeria Hydropower Professionals Association Imo Ekpo and his members in Abuja. He reiterated the importance of leveraging the expertise of hydropower professionals to enhance power provision for […]

todayMay 8, 2024

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Economy

Funding Partners To Deploy Multi-billion Dollars In FTZ Scheme

The Arise Integrated Industrial Platforms, AIIP, which is the promoter of a newly registered Industrial Platform Remo, IPR, Free Zone is set with its funding partners to deploy multi-billion dollars into the country’s free trade zone scheme. The Managing Director of the Nigeria Export Processing Zones Authority, NEPZA, Dr Olufemi Ogunyemi made this known while presenting the Declaration Licence of the new zone to the representative of the promoter in […]

todayMay 2, 2024

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Economy

Substandard Equipment Reason For Poor Water Supply Nationwide – Utsev

    Substandard water supply equipment is responsible for inadequate supply of potable drinking water across the country, and problems associated with irrigation farming. Minister of Water Resources and Sanitation, Prof Joseph Utsav, stated this while on a visit to a company that produces pipes and other fittings used in water supply, irrigation and consumption across the country in Kano. The Minister who warned that the government will sanction companies […]

todayMay 1, 2024

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Economy

Removing Fuel Subsidy Saved Nigeria From Bankruptcy — Tinubu

President Bola Tinubu said, on Sunday, that Nigeria would have gone bankrupt if his administration had not discontinued fuel subsidy payments. He said though the policy came with economic pains, it was in the best interest of Nigerians. Tinubu spoke at the Special World Economic Forum in Riyadh, Saudi Arabia. Upon assuming office last May, Tinubu implemented the discontinuance of subsidies on petrol as prescribed by the immediate past administration […]

todayApril 29, 2024