•Southeast governors Reckless abandonment of legacy companies of yesteryears may have worsened the general high unemployment rate and dwindling revenue in the five Southeast states. The five states including Abia, Anambra, Ebonyi, Enugu, and Imo not only have their lots among low revenue earning states nationwide, they also account for some of...
•National Assembly Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President, Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas, to reduce the National Assembly budget of N344.85 billion to reflect the current economic realities in the country and cut the cost of governance. SERAP urged...
The inability of the foreign airlines to repatriate their trapped $800 million from ticket sale accruals has cost Nigeria a blistering 40 per cent loss in air travel market share in one year. For two years running, the offshore carriers have been at loggerheads with the federal government over their detained funds and the $60 […]
Analysts are casting doubts on the sincerity of the Central Bank of NiÂgeria (CBN) in the dissolution of the board and management of Union Bank, Keystone Bank, and Polaris Bank. Those who spoke to our correspondents at the weekend queried how the CBN could replace the board and management of these affected banks with just […]
•Lagos State Governor Babajide Sanwo-Olu The Lagos State Internal Revenue Service (LIRS) has issued a reminder to all employers of labour to submit their annual tax returns on or before the stipulated deadline of January 31, 2024. Ayodele Subair, the Executive Chairman of LIRS, conveyed this in an official statement endorsed by Monsurat...
Despite the recent release of $61.64 million to foreign airlines in Nigeria by the Central Bank of Nigeria (CBN), there are still fears that some foreign airlines may exit the country if they are unable to completely repatriate their funds estimated around $700 million. The Association of Foreign Airlines and Representatives in Nigeria (AFARN)...
Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the foreign exchange market through interventions, the currency’s downward trend persists, prompting concerns about its potential impact on the broader economy. The depreciation of Nigeria’s currency is despite the federal government receiving a $2.25bn foreign exchange sup...
•CBN Governor, Yemi Cardoso A few hours after dissolving the board of directors governing Polaris, Union, and Keystone banks, the Central Bank of Nigeria has appointed new executive directors to oversee the affairs of the deposit money banks. The apex bank, in a statement signed by the acting Director of Corporate Communications, Sidi Hakama, ...
•CBN Governor Olayemi Cardoso The Central Bank of Nigeria (CBN) has dissolved the boards and managements of Titan Trust Bank, Union Bank, Keystone Bank and Polaris Bank. The decision to dissolve the boards was taken after a meeting between Yemi Cardoso, Jim Obazee, the special investigator on the activities of former CBN Governor, Godwin Emefi...
•Tinunu presents budget proposal to NASS Chief Economist, Senior partner at SPM Professionals, Paul Alaje said Nigeria may have to borrow to service debt in 2025 if the federal government does not take serious precautionary measures. Alaje stated this during an interview with Arise Television yesterday. He said, “You look at the debt profile t...
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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