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    Kapital FM 92.9 The Station that Rocks!

Economy

195 Results / Page 21 of 22
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Economy

Olufemi Assumes Duty As MD NEPZA

  By Matthew Ayoola The New Managing Director of the Nigeria Export Processing Zones Authority, NEPZA, Dr Olufemi Ogunyemi has promised to position the Authority towards ensuring economic growth, accelerating employment creation and industrialization of the country. Dr. Ogunyemi made the promise in Abuja while taking over the mantle of leadership of NEPZA from the former Managing Director, Prof. Adesoji Adesugba The New Managing Director of NEPZA who thanked President […]

todayOctober 18, 2023

Economy

Era Of Exporting Raw Materials Over – Tinubu

    By Georgina Humphrey President Bola Tinubu says the era of exporting raw materials in Nigeria is over. President Tinubu stated this at the 8th edition of the Nigerian mining week in Abuja.   Tinubu who was represented by the Secretary General of the Federation, George Akume stressed that Nigeria would maintain policy consistency to ensure value addition on mineral resources to control waste of economic resources.   He said the Mining sector had suffered a lot of neglect […]

todayOctober 17, 2023

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Economy

Reps To Probe COVID-19 Funds Disbursement

By Oduyemi Odumade   The House of Representatives has mandated the Public Accounts Committee to investigate the expenditure of funds appropriated or disbursed as COVID-19 intervention to Ministries, Departments and Agencies of the, Federal Government from 2020 to 2022. This was sequel to the adoption of a motion by a member from Adamawa State, Mr Nyampa Zakari, on the need to investigate the alleged mismanagement of the funds, at plenary. […]

todayOctober 17, 2023

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Economy

FG Gets Over $1.5bn Fresh W’ Bank, AfDB Loans Dec – Edun

The Federal Government on Monday said it had secured a budget support loan worth $1.5bn from the World Bank and another worth $80m from the African Development Bank to finance various projects in critical sectors of the economy. It said Nigeria qualified for the “relatively cheap” loans given its “macro-economic moves” in the past couple of months since President Bola Tinubu assumed office. The Minister of Finance and Coordinating Minister […]

todayOctober 17, 2023

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Economy

Wale Edun Gets World Bank Appointment

Wale Edun Gets World Bank Appointment The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World Bank. This was made known in a post on the official X (formerly Twitter) account of the Federal Ministry of Finance on Saturday. The ministry said that the appointment marks the first time Nigeria has assumed the […]

todayOctober 14, 2023

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Economy

Breaking: President Tinubu Appoints New CEOs

President Bola Ahmed Tinubu has approved the appointment of new Chief Executive Officers of several agencies and parastatals under the Federal Ministry of Industry, Trade and Investment. The President stated that the appointment was in line with his resolve to base Nigeria's economic revival on the foundation of trade expansion through small medium and large-scale industry facilitation in the country. Ajuri Ngelale, Special Adviser to the President on Media & […]

todayOctober 13, 2023

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Economy

CBN To Boost Liquidity In Foreign Exchange Market

  Edited By Umbwanko Baba The Central Bank of Nigeria, CBN says it will continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange Market to ensure market forces determine exchange rates on a Willing Buyer – Willing Seller principle. This is contained in a statement by the CBN Director, Corporate Communications, Dr Isa Abdulmumin in Abuja. The statement reiterates that the prevailing Foreign Exchange […]

todayOctober 13, 2023

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Economy

Address Declining Value Of Naira – Afuwape

  By Oduyemi Odumade Member Representating Abeokuta South Federal Constituency, Mr. Afolabi Afuwape has called for a multi-faceted approach to address the declining value of the naira. Mr. Afuwape stated this while contribution to a motion "On the need for the Central Bank of Nigeria to address the impact of the falling naira against the dollar and other currencies on the Nigeria Economy" moved by a Member from Bauchi, Mr. […]

todayOctober 11, 2023

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Economy

Senate Investigates Crude Oil Thefts In Niger-Delta 

By James Itodo   The Senate has mandated its Committees on Petroleum Resources, (Upstream, downstream,) Gas, Host communities and Niger Delta to conduct investigation on oil thefts in the country. The red chamber specifically mandated the committees to investigate the actions of security forces, militia groups, local populace,all company employees, and any individuals or entities suspected to be using sophisticated methods to pilfer from oil facilities within the country. Senate […]

todayOctober 10, 2023