Rano Air has announced the temporary suspension of some of its flight routes following what it described as an unprecedented increase of over 300 per cent in the cost of Jet A1 aviation fuel. This was contained in a notice posted on its X (formerly Twitter) page and signed by the airline’s management. The carrier […]
•NLC President Joe Ajaero The Nigeria Labour Congress has painted a grim picture of the state of the nation and its workers, warning that rising insecurity, deepening poverty, and worsening economic conditions are pushing citizens to the brink. Recall that NLC and other stakeholders in the Nigerian project had consistently blamed hardship in t...
•Finance Minister Taiwo Oyedele The Minister of Finance and Coordinating Minister of Economy, Taiwo Oyedele, has insisted that the presidency will not bring back fuel subsidy, following widespread clamour over the effect of its removal on the cost of living. The Minister made the statement yesterday in Paris, France, as he and President Bola T...
Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) to ₦1,350 per litre, up from ₦1,275. The new increase marks a fresh upward adjustment in Nigeria’s downstream fuel market. A report by Petroleumprice.ng quoting market sources said that the new pricing template has been confirmed, and Proforma Invoice was suspen...
•Revenue Mobilisation Allocation and Fiscal Commission boss, Mohammed Shehu  The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has warned that Nigeria risks losing investment opportunities if it fails to speed up its business registration processes. The warning was issued by the Chairman of RMAFC’s Investment Monitoring Committ...
•Naira and Dollar notes Data from the Central Bank of Nigeria’s exchange rate portal showed that the official Nigerian Foreign Exchange Market (NFEM) rate hovered around ₦1,374 per dollar, with trading bands ranging between approximately ₦1,362 and ₦1,378. Market rates remained moderate as the CBN continues efforts to improve dollar liquidity ...
•Jim Ovia and Mustafa Bello Zenith Bank Plc has announced the retirement of its Founder and Group Chairman, Jim Ovia, following the expiration of his tenure in line with regulatory requirements. The bank disclosed this in a corporate notice issued in Lagos today, Tuesday, May 5, 2026. Ovia completed the mandatory 12-year tenure permitted under...
The Nigerian National Petroleum Company Limited has signed a fresh agreement with two Chinese firms in a move aimed at accelerating the long-delayed rehabilitation and commercial restart of Nigeria’s refineries, while opening a new window for technical equity partnerships. The deal, structured as a Memorandum of Understanding, was signed with ...
Thirty-two states and the Federal Capital Territory’s debt rose to nearly $5.7 billion in fresh external loans in 2025, driving a year-on-year surge in subnational foreign debt despite higher inflows from Federation Account Allocation Committee disbursements, an analysis has shown. Data from the Debt Management Office indicated that the combin...
•Atiku Former Vice President Atiku Abubakar, yesterday, warned the federal government over poor economic management, citing the drop in external reserves despite rising oil earnings. Also, Nigeria’s external reserves fell to $48.45 billion as of April 24 from $48.72 billion recorded the previous week, representing a decline of about $1.57 bill...
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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