•Cooking gas cylinders A newly released report by the Nigerian Bureau of Statistics (NBS) has said the price of the Liquefied Petroleum Gas (LPG) otherwise known as cooking gas increased by 12 per cent from N4,589 in one year. The report titled ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (January 2024)’, said while the price […]...
Members of the Lagos State House of Assembly have ordered the Orilowo Market in Agboyi-Ketu to register under the Local Council Development Area, LCDA, before commencing operation. This decision was made as a sequel to a peaceful protest and petition from the Orilowo perishable goods marketers to the House of Assembly over their inability to [...
•CBN Governor, Olayemi Cardoso The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this yesterday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 20...
•National Assembly complex, Abuja The Rivers State Tax Justice and Governance Platform (TJGP), in collaboration with Christian Aid (CA) and the Civil Society Legislative Advocacy Centre (CISLAC), has called on the National Assembly to urgently investigate all International Monetary Fund (IMF) loans received by the country. The call is necessit...
Ahead of its inaugural flight to Gatwick International Airport, London, Air Peace has crashed the airfares on the route. The airline, which commences the direct flight from the Murtala Muhammed International Airport (MMIA), Lagos on March 30, 2024, said it has crashed the return economy class ticket to N1.2 million, while the return business c...
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent. The MPR was at 18.75 per cent. The MPC also made a bold move to restrict money supply by increasing the Cash Reserve Ratio to 45 per […]
The House of Representatives Committee on Public Accounts (PAC) has summoned the Central Bank Governor to appear before it on Tuesday, March 5, unfailingly, regarding issues with leakages on the REMITA platform. The Committee’s Chairman, Hon. Bamidele Salam, conveyed the summons in a letter to the CBN Governor titled, RE: INVESTIGATION OF REVE...
•Human rights activist, Mike Ozekhome Lawyer and human rights activist, Mike Ozekhome has indicated that should the Naira keep on falling against the Dollar at its current rate, it might hit the 4000 mark to the dollar before the year’s end. Recently, the scarcity and demand for dollars have led to a significant decline in […]
•Wike In order to curb insecurity and ‘one chance’ menace, the Federal Capital Territory Administration ( FCTA) on Tuesday, February 27, inaugurated one of the private sector’s transportation scheme, to provide secure and efficient mass transit around the city. The inauguration of the 14 High capacity and fully air conditioned buses was said t...
•Dollars The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN governor, Godwin Emefiele, stopped the sales of foreign exchange to BDC operators in that segment of the [&hellip...
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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