More than 70 per cent of small and medium-sized enterprises in Nigeria are family businesses, contributing close to 50 per cent of the country’s Gross Domestic Products (GDP). This is from a report by PwC Nigeria – knowledge partners for the Family Business Summit 2026, with the theme: “Beyond the Founder: Scaling Family Businesses Across [&he...
•Nigerian Senate For the fourth time, the Senate has amended the 2025 Appropriation Act (Repeal and Re-enactment) to extend the implementation of the capital component of the 2025 budget from September 30 to December 31, 2026. The resolution followed a motion moved by the Senate Leader, Senator Opeyemi Bamidele, after an executive session and ...
•CORAN members, yesterday The Crude Oil Refinery Owners Association of Nigeria, CORAN has advised the federal government to consider total implementation of the Naira-for-Crude policy and a progressive ban on petroleum product imports to rescue local refineries and reposition Nigeria as Africa’s refining hub. Its President, Momoh Oyarekhua, sa...
•Job seekers A wide disparity in the ability of companies listed on the Nigerian Exchange Limited, NGX, to cover their debt obligations with cash has emerged, with some companies holding several times more cash than debt, while others have cash covering only a fraction of their outstanding borrowings. Analysts noted that the cash/debt position...
For an agency that manages 22 commercial airports and handles millions of passengers each year, the Federal Airports Authority of Nigeria (FAAN) generates substantial amounts of money. But a more difficult question has persisted: how much does the agency actually earn, and what happens to the money? Over the past two years, FAAN has provided [...
Air Peace Limited has attributed the flight disruptions experienced at the Nnamdi Azikiwe International Airport, Abuja, to the unavailability of Jet A1 aviation fuel and subsequent operational restrictions that prevented its Abuja–Maiduguri service from operating as scheduled. The airline, in a statement issued by its management, said the init...
•Kenya President William Ruto (2nd-R) and President of the Dangote Group, Aliko Dangote (2nd-L) at Dangote Refinery, yesterday  President of Kenya, William Ruto, has described the Dangote Petroleum Refinery and Petrochemicals FZE as a huge achievement that shows what African governments, investors and financial institutions can do together. R...
Nigeria’s electricity Distribution Companies (DisCos) billed ₦250.79 billion worth of electricity out of ₦333.94 billion worth of energy received in July 2026, leaving a billing gap of about ₦83.15 billion, the Nigerian Electricity Regulatory Commission has said. NERC disclosed this in its July 2026 Factsheet on the financial health and effici...
The Nigerian Economic Summit Group (NESG) has expressed worry over the widening gap between Nigeria’s education system and labour market needs, saying weaknesses across the education pipeline are limiting young people’s ability to transition into productive employment. The group said education strategy should focus on whether graduates have sk...
•Nigerian workers and Tinubu Nigerian workers under the aegis of the Nigeria Labour Congress (NLC), have accused the federal government of benefiting from increased oil revenues arising from the recent surge in fuel prices while workers and other Nigerians struggle with rising transportation costs, food prices and declining purchasing power. T...
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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