•Petrol Global crude oil prices have declined to the $70 per barrel mark, raising fresh expectations among Nigerians that domestic petrol prices could soon be reviewed downward. The downward slide in crude prices continued today morning as the benchmark Brent crude slipped to $70 from $71 per barrel it closed yesterday, reports Daily Trust. Ho...
•Imported vehicles The federal government has reduced the import levy on both new and used vehicles as part of its 2026 Fiscal Policy Measures, a move aimed at lowering the cost of vehicle importation, easing the burden on importers and improving access to vehicles for consumers. The new fiscal measures, which took effect yesterday, Wednesday,...
•Petrol The federal government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority has warned oil marketers against profiteering and arbitrary increases in the pump prices of petroleum products. It insisted that prices must be cost-reflective in line with the provisions of the Petroleum Industry Act 2021, reports The P...
Nigeria’s downstream petroleum sector may be heading for another showdown as independent fuel marketers have pushed back against the federal government’s demand for cut in pump prices. The marketers have threatened to shut down filling stations nationwide if the government imposes price controls despite the country’s deregulated fuel market, r...
•A fuel attendant A Financial Economist, Dumebi Oluwole, has explained why the recent drop in global prices of Brent from over $100 per barrel pre-war level to about $72 has yet to reflect at fuel pumps across the country. In Nigeria, the development has seen even the federal government calling for a reduction in prices […]
Nigeria’s most widely consumed transport fuel, Premium Motor Spirit, also known as Petrol, maintained a strong upward trajectory, as the average retail price paid by consumers rose to N1,596.25 per litre in May from N1,027.76 in the corresponding period last year, representing an annual increase of 55.31 per cent. However, every month, the inc...
•President of NECA, Ifeanyi Okoye The Nigeria Employers’ Consultative Association today said the economic reforms introduced by the Tinubu-led federal government have yet to ease the burden on businesses, as firms continue to battle soaring energy costs, inflation, unstable exchange rates and multiple taxes. The association, however, acknowled...
•Tinubu and Dele Kelvin Oye Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has decried Nigeria’s ongoing spree of foreign investment and diplomatic trips under President Bola Ahmed Tinubu as unstrategic, wasteful, ineffective and consistently failed to deliver measurable economic benefits despite heavy public spen...
The Federal Competition and Consumer Protection Commission (FCCPC) has questioned the slow pace of reductions in petrol prices across Nigeria despite a sharp decline in global crude oil prices. It warned that operators in the downstream sector could face regulatory scrutiny if evidence of consumer exploitation is established, reports Daily Tru...
•CBN Governor Yemi Cardoso and Tinubu For many, Nigeria’s economy may be growing on paper, but on the ground, cash is a rumour, trust is fragile, and survival has become its own kind of policy. This is the story of those who live inside the gap between Gross Domestic Product (GDP) reports and daily life […]
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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