•CBN Governor Yemi Cardoso Interest rate will top the agenda of next week’s Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting, it was learnt yesterday. The 294th MPC meeting is coming three weeks after the last meeting, because of the need to address critical monetary challenges, especially the rising inflation, reports The...
•Adaora Umeoji Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful [&hel...
A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform. The court handed down the order in an ex-parte motion filed by the EFCC demanding information about Nigerians trading on Binance, reports ...
•Customs officers The newly appointed Customs Area Controller (CAC), Kebbi Command, Comptroller Iheanacho Ernest Ojike at the weekend, reopened the Kamba border in Kebbi State for international trade. The reopening according to Mohammed Tajuddeen Salisu, a Superintendent of Customs and Public Relations Officer, Kebbi Area Command of Nigeria Cu...
There are indications that the federal government through the Nigerian National Petroleum Company Limited (NNPC Ltd) is now spending N17.72 billion daily to fund subsidy on petrol. Though still shrouded in secrecy, the funding strategy, it was learnt, is consummated by way of crude sales and direct cost recovery by NNPC, reports Vanguard. An e...
•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 […]
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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