•Tinubu and World Bank logo The World Bank’s latest warning over mounting global food risks is raising fresh concerns for Nigeria, where food inflation remains one of the biggest challenges conÂfronting households despite government efforts to increase agricultural production. In its June Food Security Update, the World Bank cautioned that per...
•Cardoso and Tinubu As Nigerians navigate a period of severe economic strain, a growing concern has emerged: the mounting cumulative cost of electronic banking. While individual bank charges are often backed by policy, their combined impact is eroding the disposable income of households and small businesses, fueling public frustration and rai...
The federal government yesterday, formally inaugurated the new Board of Directors of the Bank of Agriculture (BoA) Limited, charging it with scaling up agricultural financing and aligning operations with President Bola Tinubu’s Renewed Hope Agenda. Inaugurating the Board on behalf of the President, the Minister of Agriculture and Food Security...
•Petrol Global crude oil prices have declined to the $70 per barrel mark, raising fresh expectations among Nigerians that domestic petrol prices could soon be reviewed downward. The downward slide in crude prices continued today morning as the benchmark Brent crude slipped to $70 from $71 per barrel it closed yesterday, reports Daily Trust. Ho...
•Imported vehicles The federal government has reduced the import levy on both new and used vehicles as part of its 2026 Fiscal Policy Measures, a move aimed at lowering the cost of vehicle importation, easing the burden on importers and improving access to vehicles for consumers. The new fiscal measures, which took effect yesterday, Wednesday,...
•Petrol The federal government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority has warned oil marketers against profiteering and arbitrary increases in the pump prices of petroleum products. It insisted that prices must be cost-reflective in line with the provisions of the Petroleum Industry Act 2021, reports The P...
Nigeria’s downstream petroleum sector may be heading for another showdown as independent fuel marketers have pushed back against the federal government’s demand for cut in pump prices. The marketers have threatened to shut down filling stations nationwide if the government imposes price controls despite the country’s deregulated fuel market, r...
•A fuel attendant A Financial Economist, Dumebi Oluwole, has explained why the recent drop in global prices of Brent from over $100 per barrel pre-war level to about $72 has yet to reflect at fuel pumps across the country. In Nigeria, the development has seen even the federal government calling for a reduction in prices […]
Nigeria’s most widely consumed transport fuel, Premium Motor Spirit, also known as Petrol, maintained a strong upward trajectory, as the average retail price paid by consumers rose to N1,596.25 per litre in May from N1,027.76 in the corresponding period last year, representing an annual increase of 55.31 per cent. However, every month, the inc...
•President of NECA, Ifeanyi Okoye The Nigeria Employers’ Consultative Association today said the economic reforms introduced by the Tinubu-led federal government have yet to ease the burden on businesses, as firms continue to battle soaring energy costs, inflation, unstable exchange rates and multiple taxes. The association, however, acknowled...
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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