The Federation Account Allocation Committee (FAAC) has shared N2.550 trillion as revenue generated in June 2026 among the federal government, states and the 774 local government councils. The latest allocation is N250 billion higher than the amount shared for the previous month. It represents an increase of 10.9 per cent, reports The Nation. T...
Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the federal government to immediately resume commercial production at the nation’s government-owned refineries, warning that the country’s growing dependence on a single supplier following Dangote Petroleum Refinery’s decision to price petroleum products in Uni...
•Fuel pump Petroleum marketers may require about $1.84 billion every month to purchase petrol, diesel and aviation fuel from Dangote Petroleum Refinery following the company’s decision to price refined petroleum products in dollars, a development analysts warned could increase pressure on Nigeria’s foreign exchange market, test liquidity posit...
Dangote Petroleum Refinery’s decision to price Premium Motor Spirit (PMS), diesel and aviation fuel in U.S. dollars has sparked widespread debate about its implications for fuel prices and exchange rate market. While the announcement triggered fears of an immediate increase in petrol prices, the reverse is actually the case, reports Daily Trus...
•NCS boss, Bashir Adeniyi The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has disclosed that the value of Import Duty Exemption Certificate (IDEC) approvals granted by the Federal Government rose to approximately ₦34 trillion in 2025, significantly impacting the agency’s revenue generation capacity. Adeniy...
•Dangote refinery loading bay Dangote Petroleum Refinery has switched payment for the sale of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Aviation Turbine Kerosene (ATK) to U.S. dollar. The new policy, which took effect immediately, applies to both gantry and coastal product sales, reports Daily Trust. Industry sources familiar w...
•Nigerian Senate The Senate has commenced an investigation into the alleged failure of some International Oil Companies (IOCs) to remit statutory contributions to the Niger Delta Development Commission (NDDC), as required under the NDDC Act. The Senate Committee on NDDC opened the probe yesterday following a petition alleging that Aiteo Explor...
The Federal High Court in Abuja has upheld the authority of the Federal Competition and Consumer Protection Commission (FCCPC) to investigate consumer complaints relating to airline ticket pricing, dismissing a suit filed by Air Peace Limited challenging the Commission’s statutory powers. In a judgment delivered on June 29, 2026, Justice B.F.M...
•Tinubu and fuel pump nozzle The Allied People’s Movement (APM) has called on the Tinubu-led federal government to publish a comprehensive and independently verifiable audit of all proceeds realised from the removal of fuel subsidy, arguing that Nigerians deserve to know how the trillions of naira reportedly saved since the policy took effect ...
The Central Bank of Nigeria (CBN) has reaffirmed that the standard N100 banknote remains a valid legal tender across the country, warning individuals, businesses and financial institutions against refusing to accept it for transactions. The apex bank issued the clarification following reports that some members of the public had been rejecting ...
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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