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    Kapital FM 92.9 The Station that Rocks!

Energy

33 Results / Page 3 of 4
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Economy

PAC Orders Probe As NMDPRA Fails To Account For Gas Infrastructure Fund

The House of Representatives Public Accounts Committee, PAC, has ordered a forensic audit of the Midstream and Downstream Gas Infrastructure Fund after alleging that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) mismanaged and failed to properly account for the multibillion-naira fund. The directive followed a motion raised by Cyriacus Umeha and seconded by Kafilat Ogbara, prompting  the committee, chaired by Bamidele Salam, investigate the Fund’s operations from 2021 […]

todayDecember 2, 2025

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Energy

Lawmakers Demand Answers On Azura’s ₦18bn

The House of Representatives Ad hoc Committee investigating Nigeria’s power sector reforms and expenditure from 2007 to 2024 has queried Azura-Edo Power Plant over the ₦18 billion the company received from the Federal Government through the Nigerian Bulk Electricity Trading Plc (NBET) within a six-month period in 2023. During the resumed investigative hearing in Abuja, the Chairman of the committee, Ibrahim Aliyu, demanded explanations after discovering that Azura failed to […]

todayDecember 2, 2025

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Economics

Failure To Implement PIA Funds Denied Niger Delta N1.65tr For Clean-up

The House of Representatives Committee on South South Development Commission says Nigeria’s failure to implement two critical Petroleum Industry Act, PIA, funds has denied the Niger Delta an estimated ₦1.27 trillion to ₦1.65 trillion that should have accrued for cleaning up polluted environments and decommissioning obsolete oil facilities since 2021. Chairman of the committee, Julius Pondi, said this during an interactive session at the National Assembly to examine the continued […]

todayNovember 26, 2025

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Energy

Interior Minister Lauds Integration Of Energy Sector In Ongoing Reforms

The Minister of Interior, Dr Olubunmi Tunji-Ojo, has appraised the integration of Nigeria’s energy sector in the Federal Government’s ongoing reforms. The minister applauded the sector’s achievements when delegates of the Renaissance Energy Company Limited (RAEC) paid him a courtesy visit on Tuesday in Abuja. Tunji-Ojo acknowledged that the reforms in the energy sector have attracted more investors, hence the positive outcomes. “The sector has an effective stakeholders management, knowledge […]

todayNovember 26, 2025

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Business

Solid Minerals : FG Seeks Collaboration With Private Sector

The federal government is calling for deeper collaboration with the private sector to unlock the full potential of Nigeria’s mineral resources. The Permanent Secretary Ministry of Solid Minerals Development, Mr. Faruk Yusuf Yabo stated this while declaring open the 4th International Conference and Exhibition of the Nigerian Society of Economic Geologists in Abuja. Mr. Yabo, who said partnership is key to driving growth and innovation in the mining industry, reaffirmed […]

todayOctober 27, 2025

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Business

Kaduna : Experts, CSOs Advocate Whole- Society Approach In Addressing Climate Change

Experts, Journalists, Civil Society Organizations and Government Representatives on Environment at a three day workshop in Kaduna organized by an NGO, Bridge that Gap Initiative want a whole of society approach in addressing environmental and climate change issues in the state. Presenting a paper at the workshop, the Director General, Nigerian Conservation Foundation, Dr Joseph Daniel Onoja who spoke on the topic,“Climate Science Basics, the Impact of Deforestation" explained that […]

todayOctober 24, 2025

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Business

House Investigates Alledged Use Of Chemicals For Food Preservation

House of Representatives has ordered an investigation into the alleged use of toxic chemicals to preserve frozen foods and other consumables across the country. The resolution followed a motion of urgent public importance moved by a member from Imo State, Mr Chike Okafor during plenary in Abuja. In his lead debate, the lawmaker said reports from regulatory agencies, health experts, and media investigations indicate that harmful substances such as formalin, […]

todayOctober 23, 2025

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Business

Reps Probe $850b Missing Crude, Non-Oil Export Proceeds

The House of Representatives has launched a probe into the alleged non-repatriation of Nigeria’s crude oil and non-oil export proceeds, estimated at more than $850 billion between 1996 and 2014. Chairman of the House Ad Hoc Committee on Pre-Shipment Inspection of Exports and Non-Repatriation of Crude Oil Proceeds, Mr Seyi Sowunmi, disclosed this during the committee’s inaugural press briefing in Abuja. Mr Sowunmi said recent findings suggest that about 40 […]

todayOctober 23, 2025

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Business

Wike Inaugurates Wuye Engineering Infrastructure, Says Development Under Tinubu Unbeatable

The Minister of the Federal Capital Territory (FCT), Dr. Nyesom Wike, has declared that the ongoing wave of infrastructure flag-offs and commissioning across the territory represents an unprecedented record in the history of the FCT. He credited President Bola Ahmed Tinubu’s Renewed Hope Agenda for reviving long-abandoned projects and restoring public confidence in governance. Speaking during the inauguration of the Wuye Engineering Infrastructure Project marking the 20th day of continuous […]

todayOctober 21, 2025