The Federal Competition and Consumer Protection Commission has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs. The FCCPC Director, Surveillance and Investigation Mrs. B.A Adeyinka, shed light on the multifaceted issues at play while briefing journalists during a m...
•Fulani herdsmen and farmers In a bid to achieve food sustainability and production in Nigeria, the Miyetti Allah Cattle Breeders Association of Nigeria and the Southwest farmers have signed a memorandum of understanding to promote peaceful coexistence between both parties in the zone. The Southwest farmers under the aegis of Southwest Commodi...
•Agbakoba and Keyamo A former President of the Nigerian Bar Association, NBA, Dr. Olisa Agbakoba, SAN, has urged the Minister of Aviation and Aerospace Space Management, Festus Keyamo, to enact the Fly Nigeria Act to strengthen the aviation industry. Speaking in a media chat today, Agbakoba commended the Aviation Minister for his breakthrough ...
•Rising oil prices Oil prices surged more than three percent in early Asian trade today following unconfirmed reports of explosions in Iran, Syria and Iraq, sparking fears of an escalation of the Middle East crisis. West Texas Intermediate jumped 3.66 percent to $85.76 and Brent rose 3.44 percent to $90.11. The reports come after a […]...
•Kenneth Okonkwo Labour Party (LP) chieftain, Kenneth Okonkwo, has criticised the Central Bank of Nigeria (CBN) over the management of the foreign exchange market, saying that any forex management that does not translate to economic prosperity and stability can’t be termed successful. “I do not think the CBN understands what it is doing,” Okon...
The Federal Competition and Consumer Protection Commission yesterday carried out an enforcement raid at two supermarkets in the Federal Capital Territory, Abuja, to ensure adherence to price display and quantity regulations. The Executive Secretary of the Commission, Dr Adamu Abdullahi, said the exercise targeted at reducing the high cost of f...
The Organised Private Sector of Nigeria (OPSN) has lamented the over 200 per cent increase in electricity tariff, saying over 65 per cent of private businesses, especially manufacturing firms and SMEs, may be forced to shutdown due to the high electricity tariff. Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-K...
•Dangote refinery The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly called diesel. Yesterday, the refinery announced a reduction in the price of diesel from N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the ...
The federal government has begun disbursement of the N200 billion Presidential Conditional Grant Scheme to verified applicants. The Bank of Industry had said it would be disbursing three categories of funding to support manufacturers and businesses across the country. Giving a progress report on X (formerly Twitter) today, the Minister of Indu...
•Dangote Refinery The federal government has eventually complied with the demands of domestic crude oil refiners and other operators in the sector, as it declared yesterday that indigenous refineries can now buy crude oil in naira or dollars. It also declared that the total crude oil and condensate reserves in Nigeria increased to 37.5 billion...
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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