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    Kapital FM 92.9 The Station that Rocks!

Energy

45 Results / Page 4 of 5
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Business

Downplaying Tax Report Encourages Impunity – House Minority Caucus Warns

The House of Representatives Minority Caucus says downplaying its interim report on alleged illegal alterations to the Tax Reforms Acts risks encouraging impunity. The caucus’ Ad-hoc Committee, which released its report over the weekend, said a comparison of the Certified True Copies (CTCs) of the laws with the gazetted versions revealed changes, particularly in the Nigeria Tax Administration Act, 2025. However in an interview, Deputy Spokesperson Philip Agbese said the […]

todayJanuary 26, 2026

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Energy

Deputy Speaker Restores Power To Bende Constituency After 23 Years

The Deputy Speaker, House of Representatives, has commissioned a rehabilitated power line project that has restored electricity to Bende Federal Constituency of Abia State, ending 23 years of darkness in the area. The project which also reconnected Uzuakoli and Ozuitem cities to the national grid is expected to revive small-scale businesses, cottage industries, and factories in the region. Speaking during the commissioning in Bende, the Deputy Speaker who represents the […]

todayJanuary 20, 2026

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Economics

3 Electricity Discos Face 72-Hour Ultimatum Over N100bn Debt

The House of Representatives Public Accounts Committee, PAC, has given the management of Ibadan, Benin, and Port Harcourt Electricity Distribution Companies 72 hours to appear before it over unpaid debts exceeding N100 billion owed the Federation Account. At an investigative hearing in Abuja, the Chairman of the Committee Bamidele Salam, warned that the companies’ repeated failure to respond to previous invitations is unacceptable noting that some debts have remained unpaid […]

todayDecember 16, 2025

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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