The Nigeria Labour Congress (NLC) yesterday asked the federal government and the Central Bank of Nigeria (CBN) to find immediate solutions to the current scarcity of naira being experienced by Nigerians. The NLC said the CBN and federal government’s disregard for warnings meant they were deliberately inciting Nigerians against the system and c...
The total domestic debt stock may have risen by 133.95 per cent to N51.96tn as of the end of 2023. This is based on new revelations by the Director-General of the Debt Management Office, Patience Oniha. While speaking to CNBC Africa on the sidelines of the discussions for the establishment of the African Debt Managers […]
•Market About a week to Christmas Day, shoppers have condemned the worsening naira scarcity, with many of them expressing frustration over their inability to make vital purchases for the Yuletide celebration. Findings by this paper yesterday revealed that banks were still rationing cash over-the-counter, while several Automated Teller Machines...
•Minister of interior, Olubunmi Tunji-Ojo Blatant abuse of expatriate quota (EQ) rule by foreign companies, the rising number of undocumented foreign workers and the underhand dealings of local capitalists in expatriate recruitment are driving Nigeria deeper into the unemployment crisis. As bad as the situation is, relevant government agencies...
As current naira scarcity enters its third week, economic experts including Dr Muda Yusuf, CEO of the Centre for Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to find a lasting solution to the nightmare, instead of regaling Nigerians with soothing tales of sufficient cash in vaults when the citizens [&helli...
The end of December timeline for mechanical completion of the Port Harcourt Refinery Company (PHRC) remains sacrosanct, says the Nigerian National Petroleum Company Limited (NNPCL). “We have said from time that by the end of December, the mechanical completion of the refinery will be completed. Yes, we are still maintaining that. Nothing has c...
•Lagos airport As the yuletide approaches, air passengers are facing increasing discomfort over the high cost of tickets. A one-way flight ticket costs up to N200,000, depending on the route. Checks by our correspondent showed that ahead of Christmas and New Year, many seats have been booked; and as the festive period draws nearer, available [...
•Most motor park The leadership of the Kaduna State branch of the National Union of Road Transport Workers says travellers in the state have reduced by over 50 per cent as the Yuletide approaches. The state NUTRW Secretary, Malam Bature Suleiman, disclosed this yesterday in an interview with NAN. Suleiman said the development was due […...
The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,088.783 trillion November 2023 Federation Account Revenue to the Federal, States and Local Governments. As contained in a communique issued by the FAAC at its December, 2023 meeting, the N1,088.783 trillion total distributable revenue comprised distributable statut...
The Institute of Export of Nigeria (IOEN) has said the wealth of the nation through the non-oil export is primarily controlled by foreigners. Speaking at the 11th Induction and Award Ceremony of the Institute on Thursday December 7, 2023, Deacon Friday I. Uba said Nigerians need not to be poor considering the availability of exportable [&helli...
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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