The Economic and Financial Crimes Commission (EFCC) will, today, arraign Tigran Gambaryan and Nadeem Anjarwalla, two top officials of Binance Holdings Ltd on five counts of money laundering charge. It was reliably gathered yesterday that Binance, Gambaryan and Anjarwalla, who escaped from lawful custody on March 22 and fled Nigeria, will be ar...
The 650,000 barrels per day (bpd)-capacity Dangote Petroleum Refinery has finally rolled out with the sale of Automotive Gas Oil (AGO), otherwise known as diesel. It was learnt that the sale of the product from the refinery began yesterday, reports The Nation. A source, who asked not to be identified, said the product was sold […]
•Telecoms mast The Private Telecommunications and Communications Senior Staff Association of Nigeria has declared an indefinite strike effective midnight on Thursday, April 4, 2024. The union said the decision was deemed necessary due to the relentless anti-labour practices against field engineers perpetrated by subcontractors. The telecoms un...
•Dr Ebenezer Onyeagwu Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best Bank Awards […]
•Energy The federal government, yesterday, increased the wholesale price of gas to power plants by 11 per cent from $2.18 per MMBTU to $2.42/mmbtu (Million British Thermal Unit), leaving power generation companies with additional cost. The gas companies had since January this year reduced supply to power plants following years of unpaid invoic...
•Xabi Alonso Arsenal may have gained a major boost in their pursuit of midfield target Martin Zubimendi, thanks to an unlikely helping hand from Xabi Alonso. The Bayer Leverkusen boss turned down interest from both Liverpool and Bayern Munich, seemingly scuppering transfer plans for the Bundesliga champions, reports AFP. Transfer expert Fabriz...
•Bags of cement The National Association of Block moulders of Nigeria (NABMON) has urged the federal government to reduce import duties on cement manufacturing components to attract more foreign investment in the sector. The National President, NABMON, Mr Adesegun Banjoko, gave the advice in a statement issued today in Lagos. He said the price...
•Dangote About 107 companies including Dangote and Mikano International are currently enjoying tax exemption from the federal government despite its insistence to discontinue the programme and drastic steps to improve its revenue base, findings have shown. It also increased the number of beneficiaries enjoying Pioneer Status under the Industri...
•A vandalised pipeline The federal government has adopted a virtual means of evacuation of crude oil that involves the utilisation of barges and trucks for the transportation of crude from the point of production to injection/storage points for eventual transportation to export terminals. It said the Alternative Crude Oil Evacuation Systems wa...
•Lekki deep seaport Despite the hype about the phenomenal offerings of the $1.5 billion Lekki deep seaport and other terminals in Nigeria, no Nigerian port made the top 100 ports in the recent global ranking by Lloyd’s List Intelligence. Asides the Lekki deep seaport, Nigeria has numerous sea terminals like; Apapa port, Tin Can Island [&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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