•Bags of cement The rising cost of building materials is triggering abandoned projects, posing significant threats to the construction sector, and exacerbating the existing housing deficit gap, reports Sunday PUNCH. The recent surge in cement prices has reverberated throughout the real estate market, sparking an unexpected increase in property...
•Jimi Agbaje A former governorship candidate of the Peoples Democratic Party (PDP) in Lagos, Jimi Agbaje, says President Bola Tinubu’s approach to solving economic hardship bedevilling the country has further worsened the plights of Nigerians Agbaje said while President Bola Tinubu is trying to find solutions to the problems of the economy, hi...
•Naira and Dollars The Central Bank of Nigeria (CBN) has rolled out stringent measures on Bureau De Change (BDCs) as part of measures to tackle the forex crisis in the country. The naira had hit an all-time low of N2,000 against the dollar as the economic crisis in the country took a worse turn, reports […]
•Prof Olofin (R) addressing Reporters A Professor of Economics, Professor Sam Oladapo Olofin has called on the federal government and other major stakeholders in economic society across the country to save naira from imminent collapse. The former special adviser to the President on Economic Matters, Olofin while speaking at a public lecture Or...
The federal government has moved against online platforms of Binance and other cryptocurrency firms over alleged manipulation of the forex market. Binance is a digital assets platform which serves as a window for peer to peer transaction allowing users to advertise interest to sell or buy currencies of their choice, reports The Nation. On Febr...
•Port Harcourt refinery The federal government has said the Port Harcourt Refinery is 80 per cent completed and would produce two million litres of Premium Motor Spirit, otherwise known as petrol, and 2.2 million litres of diesel per day upon resuming operations. In a statement by the Director, Press and Public Relations in the Federal [&helli...
•Akpabio Governors yesterday denied a claim by Senate President Godswill Akpabio that the federal government disbursed N1.08trillion to states to address the food crisis in the country. During the inauguration of the renovated central mosque in the Iseyin area of Oyo State yesterday, the state governor, Seyi Makinde, said as the Vice-Chairman ...
The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,149.816 trillion January 2024 Federation Account Revenue to the Federal, States and Local Governments. The revenue was shared at the February 2024 meeting of the Federation Accounts Allocation Committee (FAAC) chaired by the Minister of Finance and Coordinating Min...
•Tinubu President Bola Tinubu yesterday defended his administration’s reforms, saying there is no going back. Tinubu on his inauguration declared an end to the fuel subsidy regime and later floated the naira alongside a slew of reforms. The moves have triggered a hike in the cost of living in Nigeria as the country’s currency lost […]...
•Governor Dapo Abiodun In a bid to cushion the effect of the rise in the prices of goods in the country, the Ogun State Government has purchased 100 truckloads of rice to be sold at cheaper rates to residents of the state. The state governor, Prince Dapo Abiodun, stated this yesterday while speaking at a […]
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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