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    Kapital FM 92.9 The Station that Rocks!

Economy

196 Results / Page 16 of 22
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Economy

Nig Ready To Receive International Players In Mining Sector

    The Minister of Solid Minerals Development, Dr. Dele Alake has pledged Nigeria's readiness to welcome international big players into the mining sector. Dr. Alake stated this while playing host to the Group CEO of Swiss-based Glencore, Mr. Gary Nagle, in Abuja. The Minister who explained that there are ongoing reforms to sanitise the sector stressed that Nigeria has critical minerals that are commercially viable, globally. He stressed that […]

todayApril 26, 2024

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Economy

Foreigners Benefit More In Mining Activities Due To Poor Mgt- Omotaya

The National Institute for Policy and Strategic Studies NIPSS says foreigners benefit more from Nigeria's minerals resources due to improper regulations and management. The Director General of NIPSS, Ayo Omotaya announced this at a joint media conference organised by NIPSS and a public relations firm, ahead of a 2-day Sumit on sustainable development in the mining industry in Abuja. Omotaya stressed that the solid minerals sector must be repositioned as […]

todayApril 26, 2024

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Economy

FCCPC Seals Off Supermarket For Selling Fake Foreign Rice

      As part of measures to further protect consumers from sharp practices of some supermarkets in the country, the Federal Competition and Consumer Protection Commission, FCCPC, has sealed a major supermarket in the Federal Capital Territory for selling and hoarding bags of fake foreign rice and engaging in other sharp practices. The Commission also evacuated thirty three bags of fake Stallion and Caprice rice from one of the […]

todayApril 19, 2024

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Economy

BIPC Set To Be Audited

PKF Professional Services, a Tier-one auditing firm, arrived at Benue Investment and Property Company Limited (BIPC) this week for the final phase of its audit exercise. Upon the assumption of Dr. Raymond Asemakaha- CFA the then newly appointed MD/ CEO of BIPC had in December 2023 secured approval of His Excellency Rev. Fr. Dr. Hyacinth Iormem Alia to engage the PKF to conduct a comprehensive forensic audit of the company's […]

todayApril 11, 2024

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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

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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

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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

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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

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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