•Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele The federal government has released comprehensive transition guidelines for the implementation of Nigeria’s tax reforms, providing clarity on how taxpayers, businesses and revenue authorities will migrate from the old tax framework to the new regime, which took effect...
Despite billions of naira in investment and more than 100,000 vehicle converÂsions, long queues, inadequate infraÂstructure and safety concerns are testing confidence in the federal government’s compressed natural gas (CNG) transiÂtion agenda. When President Bola Tinubu reÂmoved Nigeria’s decades-old petrol subÂsidy in May 2023, it marked one ...
The federal government, through the Central Bank of Nigeria (CBN), has announced the allocation of two additional crude oil terminals to Swede Control Intertek Limited, a pre-shipment inspection agent. The decision was contained in a statement signed by the Director of the CBN’s Trade and Exchange Department, Aderinola Shonekan. According to t...
The Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their ultimate beneficial owners. The regulatory measures were contained in a circular dated June 15, 2026, and signed by CBN’s Director, Payments System Supervision Department, Dr. Rakiya Yusuf. Addressed to Deposit Money Banks, Micr...
•Tinubu and IMF logo The International Monetary Fund (IMF) says the Naira is still undervalued by 25.6 percent despite the ongoing reforms in the Nigeria’s foreign exchange (FX) reforms. In its latest Article IV consultation report on Nigeria, the Washington-based institution said its Real Effective Exchange Rate (REER) model showed the local ...
•Kola Adesina of Sahara Energy (L) and Governor Lucky Aiyedatiwa Ondo State governor, Lucky Aiyedatiwa, has called for urgent action to revive a long-dormant oil asset in the state, saying delays in investment and infrastructure gaps could affect Nigeria’s efforts to boost crude oil production. Aiyedatiwa made the call on Monday in Akure whil...
•CBN Governor Olayemi Cardoso The Central Bank of Nigeria (CBN) has directed banks, fintech firms, mobile money operators and other payment service providers to store all payment transaction data generated within Nigeria on local servers. It set January 1, 2027 timeline for compliance. The directive is part of a broader regulatory push to stre...
Nigeria’s headline inflation has maintained its upwards swing in 2026, rising from 15.69 per cent in April 2926 to 15.93 in May. This is the third consecutive month of sustained rise in inflation in 2026, reports The Guardian. The National Bureau of Statistics (NBS) in its May 2026 consumer price index (CPI) report released today, […]
•Naira notes The Federal Government, States, and the Local Government Councils have shared approximately N2.26 trillion in April 2026 Federation Account Revenue. The income was shared at the May 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja recently, according to a statement by the Director (Press and Public Relatio...
Nigeria’s headline inflation rate rose to 15.93 per cent in May 2026, according to the latest Consumer Price Index (CPI) report. The National Bureau of Statistics (NBS) data showed that the Consumer Price Index (CPI) increased to 140.7 in May 2026, representing a 2.4-point rise from the previous month’s 138.3, indicating continued upward press...
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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