•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...
Nigerians across major cities have lamented the sharp rise in the price of cooking gas, with retail prices surging by 62.22 percent within one month, worsenÂing the cost-of-living crisis and pushing many households toward firewood, charÂcoal and kerosene. Checks by our correspondent show that Liquefied Petroleum Gas (LPG), popularly known as c...
•Used vehicles Nigeria’s importation of used vehicles rose by 91.92 per cent to N249.84bn in the first quarter of 2026, amid the federal government’s intensified efforts to tighten controls on vehicle imports through a new mandatory certification regime. Data from the National Bureau of Statistics’ Foreign Trade in Goods Statistics for Q1 2026...
•An oil platform Nigeria’s ambition to raise crude oil production has received a boost from the growing contribution of newly introduced crude grade streams, Utapate and Cawthorne. The crude grades, introduced in 2024 and early 2026, represent the latest additions to the country’s basket of crude oil grades aimed at expanding export streams an...
Stakeholders operating within the Lekki Deep Seaport corridor have resolved to take decisive steps to eliminate the persistent traffic gridlock that has plagued the access roads leading to the port and adjoining industrial facilities for over a year. The resolution was reached during a strategic stakeholders’ meeting convened by the Nigerian P...
•Stock market The equities market reversed its winning streak yesterday, closing the week on a negative note as investors lost N73 billion. The market traded for four days this week following the federal government’s declaration of today, Friday, June 12 as a public holiday. The downturn was driven by sustained sell-offs in banking and insuran...
The Aviation Ground Handlers Association of Nigeria (AGHAN), the umbrella body of ground handling companies in the country, has suspended ground handling services to Max Air over debt. The action, which took effect today, effectively grounded the airline’s domestic operations nationwide, marking the first major enforcement move by the associat...
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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