•Bags of cement Cement manufacturers are under the searchlight of the Federal Competition and Consumer Protection Commission (FCCPC) over rooftop prices of cement, the agency has confirmed. It said the probe followed an extensive industry-wide investigation that suggested possible manipulation of product prices in the Nigerian market, reports ...
•Tinubu Thousands of Nigerian entrepreneurs seeking to formalise their businesses under the federal government’s free 250,000 business names registration scheme are stuck in a bureaucratic limbo, with complaints of unprocessed applications, failed NIN verifications and irretrievable certificates piling up, even as the Corporate Affairs Commiss...
•An open market Despite a modest 50 basis point (bpts) decline in headline inflation to 15.43 per cent, the food segment, the most impactful category on ordinary citizens, rose sharply from 17.52 per cent to 20.31 per cent last month, the highest since last year’s August. The figure is contained in the July consumer price […]
•Atiku and Tinubu Former Vice President Atiku Abubakar has accused President Bola Tinubu of shifting responsibility for Nigeria’s troubled petroleum refineries to previous administrations, saying the current government must account for the billions of naira committed to the facilities under its watch. Meanwhile, Nigerians from different sector...
The Revenue Mobilisation AlloÂcation and Fiscal Commission (RMAFC) has completed the review of NiÂgeria’s Revenue Allocation ForÂmula, paving the way for a new framework for sharing revenues among the federal, state and loÂcal governments. The Commission also said it had concluded the review of remuneration for judicial office holders, while t...
Central Bank of Nigeria (CBN) yesterday announced the removal of restrictions preventing financial institutions that accessed its Standing Lending Facility (SLF) from participating in primary government securities transactions and Foreign Exchange (FX). The apex bank conveyed the development in a circular to all Deposit Money Banks (DMBs), aut...
•Strait of Hormuz Nigeria’s crude oil production fell by four per cent month-on-month in July despite the country maintaining its run of exceeding its Organisation of the Petroleum Exporting Countries (OPEC) quota, latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shown. The decline came as operational challeng...
•US visa The United States’ decision to realign routine visa processing services from Abuja to designated regional hubs could reshape a small but important segment of Abuja’s travel and hospitality economy, with businesses that depend on visa-related traffic potentially facing weaker demand. Although the US Department of State has clarified th...
•Nigerian Senate The Senate Public Accounts Committee (PAC) has given Seplat Energy, Network E&P Nigeria Limited and two other oil companies a 48-hour ultimatum to appear before it and respond to queries contained in the 2021, 2022 and 2023 audit reports of the Nigeria Extractive Industries Transparency Initiative (NEITI). The committee, c...
•Fresh bread The Federal Competition and Consumer Protection Commission (FCCPC) has charged bakers, manufacturers, operators on production process, right labelling, urging them to examine their products to determine if it meets government standards. Tunji Bello, the Chief Executive Officer FCCPC gave this charge yesterday in Lagos at the stake...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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