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    Kapital FM 92.9 The Station that Rocks!

Crude

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Business

$3.3bn Loan-For-Crude: FG Gets $925m Lifeline As Naira Trades 1,481/$

As the naira continues to weaken near the 1,500/dollar band at the official and parallel foreign exchange market, the Federal Government has received a lifeline of $925m from the Afrieximbank to boost the forex market and meet its dollar obligations. The local currency has been under pressure against the United States dollar and other major global currencies in recent weeks due to the forex shortage. The Central Bank of Nigeria […]

todayJune 7, 2024 11

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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 32

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