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    Kapital FM 92.9 The Station that Rocks!

Economy

61 Results / Page 3 of 7

Economy

Economy: House Will Not Pay Lip Service To Nigs – Speaker

    Amidst worsening security and economic challenges facing the country, the Speaker of the House of Representatives, Dr. Abbas Tajudeen, has assured Nigerians that the legislative house will not pay lip service to the plight of Nigerians. Addressing a World Press Conference at the National Assembly in Abuja, the Speaker stated that as the elected Representatives of Nigerians, the lawmakers were fully aware of the hardship being experienced by […]

todayFebruary 9, 2024 6

Economy

JUST IN: FG Raises Exchange Rate For Cargo Clearance To N1,356/$

The Federal Government through the Central Bank of Nigeria has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar. This is coming weeks after the rate was increased from N783/$ to N952/$. In November, the exchange rate for cargo clearance was raised from N757 per dollar to N783 per dollar, representing a 3.4 per cent increase, and was later raised from N783/$ to N952/$ in December. However, our correspondent observed on Friday that the new rate […]

todayFebruary 2, 2024 1

NBS Nigeria

Economy

FG, GAIN Launch Cost Of Healthy Diet Indicator To Address Food Insecurity

To help make healthy diets affordable for all people at all times, and track progress towards global goals at the national, and sub-national levels, the federal government and the Global Alliance for Improved Nutrition (GAIN) have launched a Cost of Healthy Diet (CoHD), indicator. The indicator is a Tracking and monitoring publication that shows the cost of a healthy diet and offers valuable insights for policymakers, researchers, as well as […]

todayJanuary 31, 2024 13

Economy

Local Value, Main Ingredient To Develop Mining Sector

  By Georgina Humphrey Minister of Solid Minerals Development, Dr. Dele Alake has underscored the inclusion of local value as the main ingredient for the development of the mining sector in Africa. Dr. Alake stated this while Speaking at the opening session of the ongoing Future Minerals Forum, FMF, in Riyadh, Saudi Arabia. Alake emphasised that in the global pursuit of achieving a net-zero environmental impact in all mining operations, […]

todayJanuary 12, 2024 7

Economy

CBN Appoints New Executives For Union, Keystone, Polaris Banks

A few hours after dissolving the board of directors governing Polaris, Union, and Keystone banks, the Central Bank of Nigeria has appointed new executive directors to oversee the affairs of the deposit money banks. The apex bank, in a statement signed by the acting Director of Corporate Communications, Sidi Hakama, released on Thursday morning, said the appointment takes immediate effect. According to the statement, Yetunde Oni, the first female CEO of the […]

todayJanuary 11, 2024 1

Economy

FCT- IRS Warns MDAs, Employees Against Late Filing Of Tax Returns

  By Remi Johnson Hard times awaits tax defaulters in Abuja the nation's Capital. This is because the Federal Capital Territory Internal Revenue Service, FCT-IRS, has put necessary mechanism in place to carry out legal enforcement on defaulters to ensure that no one evades tax. To this end, the FCT- IRS is calling on Ministries, Departments and Agencies, MDAs, of the government as well as other employers of Labour in […]

todayJanuary 8, 2024 134

Economy

NNPCL, Marketers Clash Over Subsidy

The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed again over the removal of subsidy on petrol. This came against the backdrop of the depreciation of the naira against the United States dollar at both the official Investors & Exporters Window and the parallel market. On Tuesday, the local currency closed at 998/dollar at the official […]

todayJanuary 3, 2024 8

Economy

Your Funds Are Safe In Banks, CBN Assures Depositors

      The Central Bank of Nigeria (CBN) has assured depositors and customers of Nigerian banks of the safety of their funds in the banks. The Acting Director, Corporate Communications Department of the CBN, Hakama Sidi-Ali, gave the assurance in a statement on Wednesday.According to Mrs Sidi-Ali, the assurance was informed by reports about a recommendation for the federal government to take over some CBN-supervised financial institutions. The News […]

todayDecember 27, 2023 1

Economy

Christmas Shoppers Condemn Naira Scarcity, ATMs Dry Up

About a week to Christmas Day, shoppers have condemned the worsening naira scarcity, with many of them expressing frustration over their inability to make vital purchases for the Yuletide celebration. Findings by The PUNCH on Sunday revealed that banks were still rationing cash over-the-counter, while several Automated Teller Machines visited did not dispense cash. Our correspondents who visited ATM galleries in Lagos, Abuja, Osogbo, Makurdi, Sokoto, Edo, and Gusau, among […]

todayDecember 18, 2023 2

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