Nigerian manufacturers are grappling with an intensifying energy-cost crisis as spending on diesel and other alternative energy sources now consumes about half of production costs, threatening profitability, competitiveness and survival amid weak consumer demand. The latest surge in diesel prices to about N2,100 per litre in Lagos and Ogun sta...
•Aliko Dangote (4th left) Dangote Petroleum Refinery has opened offer for ordinary Nigerians to have stake in Africa’s largest refinery. At a signing ceremony in Lagos yesterday, Aliko Dangote announced an N2.2 trillion Initial Public Offering (IPO) of 4.1 billion shares, reports Daily Independent. The company says it is targeting market trade...
•South-South Governors’ Forum South-South governors have resolved to transform the Niger Delta into a unified regional economic powerhouse built on infrastructure connectivity, industrialisation, maritime trade and a single investment voice to the federal government. The decision was the highlight of the second meeting of the South-South...
•Aliko Dangote (3rd left), and others at the historic signing ceremony for the Dangote Petroleum Refinery IPO at Eko Hotels, Lagos, today President/Chief Executive of Dangote Industries Limited, Aliko Dangote, today declared that the Initial Public Offering (IPO) of the 650,000 barrels per day Dangote Refinery will give ordinary Nigerians an ...
Airtel Africa leads Nigeria’s corporate giants with a $17.9 billion valuation as a handful of companies dominate the country’s equity market. Just eight companies listed on the Nigerian Exchange are now worth more than $5 billion each, together accounting for almost two-thirds of the value of Nigeria’s entire stock market, reports The Guardian...
•Dangote All is set for the signing ceremony of the Dangote Petroleum and Petrochemicals FZE Initial Public Offering in Lagos. The event will be held at Eko Hotel and Suites, Victoria Island, reports Channels TV. At the ceremony, the private refinery will offer 4.1 billion ordinary shares of $0.000013 each for subscription at ₦525.00 per [&hel...
The federal government increased its borrowing from domestic investors by 90.5 per cent, year-on-year (YoY), to N24.7 trillion in the eight months to August 2026, against N12.98 trillion in the corresponding period of 2025 (8M’25). Findings from the government’s various public finance data also showed that credit to government grew more than f...
Emirates has launched the world’s first electrically powered Premium Economy seat, featuring a full-height adjustable privacy screen between every seat. Debuting on newly received Airbus A350 aircraft, the new seat combines industry-leading innovation with elevated comfort, giving customers greater control over their personal space. Installed ...
•Gbenga Olawepo-Hashim Accord Party presidential aspirant, Gbenga Olawepo-Hashim, has described Nigeria’s long-running fuel subsidy debate as “accounting magic,” arguing that the high price of petrol is largely a consequence of how the government accounts for and prices domestically produced crude oil. Hashim, who spoke on Channels Television ...
•Atiku Former Vice President Atiku Abubakar has lamented the current hardship in Nigeria, stressing that “young Nigerians should be building careers, not selling their kidneys. In a post on his official X account, Atiku criticised Nigeria’s cost-of-living crisis under President Bola Tinubu, highlighting reports of desperate young people sellin...
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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