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    Kapital FM 92.9 The Station that Rocks!

Economy

262 Results / Page 24 of 30
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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

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Economy

Senate Mulls Six Years Single Term For CBN Gov

    The Senate has set a machinery in motion for amendment of the Central Bank of Nigeria ( CBN ) Act 2007, which will among others, make tenureship of Governor of the apex bank, a six year single term as against renewable five years in the extant Act. It also proposes N1trillion recapitalization for commercial banks which presently stands at N100billion. As the Senate moves for sweeping reforms in […]

todayFebruary 28, 2024

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Economy

FG Declares War On FX Speculators As Naira Slides To N1,830 To Dollar

The federal government yesterday declared war on currency speculation in its effort to stem the crisis in the foreign exchange (FX) market. The government issued a directive to the Office of the National Security Adviser (ONSA) and Central Bank of Nigeria (CBN) to join forces to address the challenges posed to the national economy by the speculative FX activities. Equally, yesterday, in a renewed bid to safeguard Nigeria’s FX market […]

todayFebruary 21, 2024

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Economy

National Mathematical Center Moves To Use Mathematics In Strengthening Economy

As part of efforts to boost Nigeria's socio economic growth, the National Mathematical Centre is being repositioned to use Mathematics in strengthening the national economy. The Director General of the Centre, Prof Promise Mebine, at the Opening of a three day Staff Retreat in Abuja said that Mathematics and its applications play pivotal roles in strengthening the economy and national statistics. He therefore stressed that for the country to be […]

todayFebruary 20, 2024

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Economy

Economy : NCPC Boss Wants Nigs To Be Optimistic

The Executive Secretary, Nigeria Christian Pilgrim Commission, NCPC, Bishop Stephen Adegbite wants Nigerians not to allow the present dwindling economic situation affect their faith in God and love for the country. It  The NCPC Scribe made the call during a courtesy visit to the President of the Christian Association of Nigeria, CAN Archbishop Daniel Okoh in Abuja. Bishop Adegbite also called on Nigerians to exercise patience and be optimistic that […]

todayFebruary 20, 2024

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Economy

Wike Woos Qatar Investors On Tourism Dev’t

In a bid to develop the tourism sector in the Federal Capital Territory, the Minister, Mr Nyesom Wike, says tourism potential abounds in Abuja that could be explored by Qatar. Wike highlighted some of the potential in Abuja when Ambassador of the State of Qatar to Nigeria, Ali bin Ghanem Al-Hajri, paid him a working visit. Wike expressed FCT Administration’s willingness to make land available for the development of tourism […]

todayFebruary 20, 2024

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Economy

US Inflation Slows By Less Than Expected

Price increases in the US moderated last month but not as much as expected, as higher housing and food costs offset a decline in petrol prices. Annual inflation, the pace at which prices rise, was 3.1%, down from 3.4% a month earlier, the Labor Department said. Many analysts had expected inflation to fall to 2.9%. It is the latest economic reading to suggest that authorities have not got inflation fully […]

todayFebruary 14, 2024