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    Kapital FM 92.9 The Station that Rocks!

Economy

66 Results / Page 5 of 8
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Economy

Committee For Industrial Salt, Kaolin Production Inaugurated

  By Georgina Humphrey The Federal Government has inagurated a 10- man Committee to strengthen the mechanism for full scale and industrial production of Salt and Kaolin in the country. Permanent Secretary, Ministry of Solid Minerals Development and Steel Development, Dr Mary Ogbe stated during the Inauguration in Abuja. Dr. Ogbe explained that the initiative to explore and exploit Salt and Kaolin, aligns with the Renewed Hope Agenda of the […]

todayNovember 15, 2023 22 2

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Economy

CBN Extends Legal Tender Status Of 200, 500, 1000 Notes

  By Tersoo Zamber The Central Bank of Nigeria has extended the legal tender status deadline of the old design of N200, N500 and N1,000 denominations. A statement by the apex bank Director of Corporate Communications, Dr. Isah Abdulmunin says the decision is in line with international best practices and to forestall a repeat of earlier experiences. To this end, all banknotes issued by the Central Bank of Nigeria, in […]

todayNovember 15, 2023 8

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Economy

ICPC Ethics Compliance Scorecard : NDIC Emerges Overall Best

    Edited By Umbwanko Baba   The Nigeria Deposit Insurance Corporation, NDIC, has again demonstrated its unwavering commitment to high ethical standards and compliance with anti-corruption laws and regulations, as it  secures the top position in the Independent Corrupt Practices and Other Related Offences Commission, ICPC, 2023 Ethics and Integrity Compliance Scorecard, EICS. This marks the second time that NDIC has taken the prestigious first place, previously having been […]

todayNovember 6, 2023 12

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Economy

Senate To Review Commercialised Mining Programmes

By James Itodo The Senate is to review all privatised or commercialised programmes In mining from 1999 till date. The decision was taken after consideration of the motion on the need to have a comprehensive Review of input and output of the mining Industry, by Senator Osita Ngwu representing Enugu West. In the motion, Senator Ngwu explained that the Nigeria Extractive Industries Transparency Initiative, NEITI, the Solid Mineral Industry Report […]

todayNovember 2, 2023 10 4

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Economy

Nigeria Lost Over N16tr To Oil Theft – Orji

By Oduyemi Odumade Executive Secretary/CEO of Nigeria Extractive Industries Transparency Initiative (NEITI), Ogbonnaya Orji, says Nigeria lost over N16.25 trillion due to oil theft in the country. Mr. Orji stated this while Presenting a report on the $74.386 billion spent on fuel subsidy by successive administrations since 2011 to the Chairman, House Committee on Public Accounts, Mr. Bamidele Salam, during an interactive in Abuja. According to the Executive Secretary, the […]

todayNovember 1, 2023 18 2

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Economy

FG Budgets N552.6bn For Arms, Anti-Terror Fight

The Federal Government has set aside N575.6bn in its special funding budget to boost the fight against insecurity and prosecute the ongoing anti-insurgency war. Under this, a total of N184.25bn was approved for the purchase of military equipment, arms and ammunition. This latest figure was contained in the N2.18tn supplementary budget for the 2023 fiscal year approved by the Federal Executive Council on Monday. Details of the 2023 supplementary budget […]

todayNovember 1, 2023 15

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Economy

NEPC Launches Export Mentorship Programme

By Mathew Ayoola As part of measures to further promote the export of the nation's Non-oil products, the Nigerian Export Promotion Council, NEPC, has launched the Export Mentorship Programme, EMP. Speaking at the launch of the Programme in Abuja, the Executive Director/CEO of NEPC, Nonye Ayeni said the Export Mentorship Programme is a well thought out strategy where budding exporters are attached to established manufacturing exporters for an agreed period, […]

todayOctober 31, 2023 36

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Economy

Nigerians Spend $340.84m Forex On Education In Six Months – CBN

Nigerians seeking admissions to foreign universities spent $340.84m to fund their application between January and June 2023, findings by the PUNCH have shown. This figure is according to the Central Bank of Nigeria’s data on the amount spent on educational services under the sectoral utilisation for transactions valid for foreign exchange. The apex bank said that in April 2023, a total of $40.54m was spent on foreign education, while noting […]

todayOctober 30, 2023 11

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Economy

FG To Invest In Critical Data To Woo Investors

By Georgina Humphrey Solid Minerals Development Minister, Dr. Oladele Alake says the Tinubu administration will invest massively in critical data to make it easier to attract investors to the sector. Dr. Alake stated this while addressing the Mining Ministers Forum at the China Mining Week in Tianji, China. Dr Alake said the government is currently engaging artisanal miners to join co-ooeratives to widen access to training, extension services, machinery and […]

todayOctober 27, 2023 24

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