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    Kapital FM 92.9 The Station that Rocks!

House To Investigate

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Local

House To Investigate Contracts, Budgetary Allocation Of FCTA

    Following the poor state of infrastructure across the nation's capital, members of the house of Representatives have unveiled plans to investigate various contracts awarded by the Federal Capital Territory Administration. The lawmakers also mandated its Committee on Federal Capital Territory to investigate the budgetary allocation of the FCT from 2021–2023 and report back within four weeks for further legislative action. These resolution was passed as a sequel to […]

todayFebruary 9, 2024

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Economics

House To Investigate Non- Compliance With CBN’s NOP Limits

      The House of Representatives is to investigate non-compliance by banks and financial institutions with the Central Bank of Nigeria, CBN, directives on the Net Open Position, NOP, limits. The house mandated its committees on Banking Regulations and Banking and Institutions to conduct the investigation and report back to the house. According to the CBN, the NOP limit of the overall foreign currency assets and liabilities of banks […]

todayFebruary 7, 2024