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    Kapital FM 92.9 The Station that Rocks!

Economy

64 Results / Page 7 of 8
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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 17

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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 26

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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 72

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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 21

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Economy

Senate Expresses Concern Over N10bn Loss By Ginger Farmers

By James Itodo   The Senate has expressed worry over the loss of over N10 billion by ginger farmers in Southern Kaduna, Kaduna State. This is sequel to a motion by the Senator representing Kaduna South, Sunday Marshall Katung on the urgent need to address the outbreak of a deadly disease affecting ginger production in Southern Kaduna during plenary in Abuja. Senator Katung told his colleagues that ginger has been […]

todayOctober 10, 2023 14 2

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Economy

Implement Monetary Policy Adjustments To Stabilise Currency – Reps

By Oduyemi Odumade   The House of Representatives has urged the Central Bank of Nigeria to implement the monetary policy adjustments to stabilize the currency, address speculative activities in the forex market, and increase the withdrawal limit of the naira to reduce the pressure on dollars and other foreign currencies. The House also urged the Federal Government to formulate policies and structural Reforms to reduce corruption and promote economic diversification […]

todayOctober 10, 2023 29

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Economy

Address Critical Challenges Facing Developing Nations-Aduda To ADB

  Edited By Florence Adewale   Permanent Secretary, Ministry of Petroleum Resources, Amb. Gabriel Tanimu Aduda has emphasized the urgent need for development banks to address the critical challenges faced by developing nations, particularly in Africa. It This is contained in a statement in Abuja. According to the statement, Aduda stated this at a meeting with African Development Bank consultants, who visited him as part of engagements with critical stakeholders […]

todayOctober 2, 2023 31

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Economy

NDIC Commences Payment Of Liquidation Dividends In 20 Banks

  Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation, NDIC, says it has commenced declaration of N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. A statement by the Director, Communication & Public Affairs, Bashir Nuhu explains that the NDIC has commenced verification and payment to stakeholders covered by the declarations within 30 days, starting from […]

todayOctober 2, 2023 26

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Economy

Tinubu Reviews Document As CBN Investigator Submits Interim Report

The Secretary to the Government of the Federation, George Akume, says the Federal Government will soon unveil the audit report of probe of the Central Bank of Nigeria. President Bola Tinubu had on July 28, 2023, named a former Chief Executive Officer of the Financial Reporting Council of Nigeria, Jim Obazee, as the Special Investigator for the CBN. The President asked the special investigator to probe the CBN and key […]

todaySeptember 26, 2023 5

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