•CBN Governor Yemi Cardoso No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its current N25bn, according to a report by Ernst and Young. The new report, titled “Navigating the Horizon: Charting the Course for […]
The leaders of the Fulani nationals in Nigeria, expressing concern over the challenges faced by pastoralists, have issued a stern warning, threatening to halt the sales of livestock nationwide if their grievances are not addressed. The Communique issued at the end of the Fulbe National Security Summit, organised by the Miyetti Allah Cattle Bre...
•Food grains Governor Babajide Olusola Sanwo-Olu has directed that ‘Ounje Eko’ food markets commence operations from tomorrow, Sunday, March 17, 2024 across Lagos. The markets have been tasked with selling discounted food items across the five divisions. Here’s a full list of the produce prices at the food market: 5kg bag of rice – N5,325 [&he...
•Banks The service disruption caused by Thursday’s cuts to the undersea cable supplying broadband Internet connectivity to Nigeria and countries in the West African sub-region, yesterday, forced many banks and other financial institutions, as well as telecom companies and allied firms to scale down their operations. Customers of the financial ...
•A Lagos market The inflation rate has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS). The Bureau released the figure today, with the latest data showing a rise from the 29.90 per cent recorded in January 2024. According to the ‘Consumer Price Index and […]
A Lagos-based crypto tech enthusiast, Bright Johnson has carpeted the federal government over the detention of two Binance officials, saying the action is not only counterproductive but could eventually undermine the government’s efforts to bring about economic change and growth. According to Johnson, the Nigerian authorities seem to be lashin...
•Kyari The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the Port Harcourt refinery will commence operations in two weeks time. Kyari, who appeared before Senate ad-hoc committee investigating the various Turn Around Maintenance (TAM) Projects of the Nigerian Refineries, said over 450...
The Organisation of Petroleum Exporting Countries(OPEC) said Nigeria’s crude oil production month-on-month dropped by 7.94% to 1.322 million barrels per day, bpd in February 2024, from 1.427 million bpd in January 2024. Nigeria was among several countries, given a lower target after years of failing to meet the previous ones. Its 2024 target w...
A renowned Professor of the Department of Agriculture and Environmental Engineering, Obafemi Awolowo University, Ile-Ife, Prof. Kehinde Owolarafe yesterday hinted that Nigeria is losing N94 billion to palm oil importation annually. The don dropped the hint while speaking at a one-day sensitisation workshop with the theme: “Promoting Palm Oil V...
The National Association of Aircraft Pilots and Engineers (NAAPE) has issued a 72 hours ultimatum to Caverton Helicopters to address the lingering workers welfare or risk shutdown. The association accused the management of the helicopters of fundamental disregard to the well-being of pilots and engineers working in the organisation, reports Da...
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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