•Tinubu and Nigerian market President Bola Tinubu has said that Nigeria will spend about US$11.6 billion on debt servicing in 2026. According to a statement by presidential spokesperson, Bayo Onanuga, Tinubu made the remarks yesterday while leading Nigeria’s government, diplomatic, and business delegation to the Africa Forward Summit at the Ke...
First HoldCo Plc, the parent company of First Bank of Nigeria, said it will be seeking shareholders’ approval to raise up to N253.099 billion in fresh capital. The move comes as the group pursues a target of reaching a N1 trillion paid-up capital base comprising share capital and share premium, reports Channels TV. The fundraising […]
•Exterior of Unilever Benelux, on the Hofplein Unilever Nigeria Plc has approved N18.67 billion for shareholders as dividend for the 2025 financial year. Shareholders approved a final dividend of N3.25 per share, amounting to N18,671,267,605.25, subject to applicable withholding tax and statutory deductions, reports Channels TV. The approval w...
•Dollar and Naira notes The Naira yesterday depreciated to N1,387 per dollar in the parallel market from N1,383 per dollar last week Thursday. But the naira appreciated to N1,367.5per dollar in the Nigerian Foreign Exchange Market, NFEM, reports Vanguard. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for ...
The National Association of Aircraft Pilots and Engineers, NAAPE, weekend, warned that the ongoing Jet-A1, also known as aviation fuel, crisis could compromise safety and result in job losses in the air transport sector if not urgently addressed. NAAPE, while lamenting that the aviation fuel crisis had continued to disrupt flight schedules, sa...
•A fuel attendant pumps petrol into a motorcycle at a fuel station The Trade Union Congress (TUC) is proposing what it calls a “production subsidy” for Dangote Refinery and other modular refineries to help reduce the cost of premium motor spirit (PMS), better known as petrol. TUC president, Festus Osifo, said this last night on […]...
Rano Air has announced the temporary suspension of some of its flight routes following what it described as an unprecedented increase of over 300 per cent in the cost of Jet A1 aviation fuel. This was contained in a notice posted on its X (formerly Twitter) page and signed by the airline’s management. The carrier […]
•NLC President Joe Ajaero The Nigeria Labour Congress has painted a grim picture of the state of the nation and its workers, warning that rising insecurity, deepening poverty, and worsening economic conditions are pushing citizens to the brink. Recall that NLC and other stakeholders in the Nigerian project had consistently blamed hardship in t...
•Finance Minister Taiwo Oyedele The Minister of Finance and Coordinating Minister of Economy, Taiwo Oyedele, has insisted that the presidency will not bring back fuel subsidy, following widespread clamour over the effect of its removal on the cost of living. The Minister made the statement yesterday in Paris, France, as he and President Bola T...
Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) to ₦1,350 per litre, up from ₦1,275. The new increase marks a fresh upward adjustment in Nigeria’s downstream fuel market. A report by Petroleumprice.ng quoting market sources said that the new pricing template has been confirmed, and Proforma Invoice was suspen...
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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