Banks are inducing their customers to sell the foreign currencies domiciled in their branches. Some of the banks, it was discovered, have developed platforms to sensitise customers on how the dollar deposits in their domiciliary accounts can be converted to naira, reports The Nation. In a note via SMS to customers, some of the banks […]
•Bags of cement In a bid to stem the rising cost of cement and other building materials and enhance the delivery of affordable housing in Nigeria, the Minister of Housing and Urban Development, Ahmed Dangiwa has called for a meeting with manufacturers of Cement and other building materials in the country. The move is aimed […]
In a move to solve the foreign exchange crisis in the country, the Central Bank of Nigeria (CBN) says Personal and Basic Travel Allowances will only be paid through electronic channels and not by cash. The Director of Trade and Exchange Department at the apex bank, Hassan Mahmud, made this known in a circular dated […]
•Tinubu Special Assistant on Public Communications to former Vice President, Atiku Abubakar, Mr. Phrank Shaibu has said if hunger doesn’t disimate Nigeria’s population President Bola Tinubu’s “shambolic policies” will. Shaibu said this in a statement in Abuja, today. He explained that the fallout of the shambolic policies of President Bola Tin...
The National Bureau of Statistics (NBS) said today that the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to 29.9 per cent in January 2024 from 28.92 per cent in December 2023. The Bureau disclosed this in its Consumer Price Index, CPI, report for January 2024, noting that food inflation also increased to [&hel...
•DG, Debt Management Office, Patience Oniha The Debt Management Office (DMO) has said that the Federal Government is seeking to raise N2.5 trillion in its second bond auction of the year. In a circular issued yesterday, DMO stated that the offerings consisted of N1.25 trillion with a maturity date of February 2031 and another N1.25 […]...
•Dikwa market Abubakar Adamu, a fruit seller in Abuja, has not sent even a dime to his family in Jigawa State in the last three weeks. Adamu lamented how inflation is crippling his business. The number of his customers has dropped, reports Daily Trust. “Inflation has affected my business. Businesses are not moving, including this […]...
•Former President Muhammadu Buhari The Chairman of the Federal Inland Revenue Service (FIRS), Zacheus Adedeji, yesterday, faulted the N2.59 trillion Tax Credit Scheme introduced by former President Muhammadu Buhari’s administration for road construction. This was as the Nigerian National Petroleum Company Limited (NNPCL), one of the executors ...
•Protest in northern Nigeria Desperate Nigerians have been protesting against soaring food prices as an economic crisis forces people to skip meals and eat poor-grade rice used as fish food. To feed their children, women in northern Nigeria have even resorted to digging up anthills in search of grain stored by the insects, according to [&helli...
•Dangote Refinery The Dangote Petroleum Refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the matter told Reuters. Nigerians have been eagerly looking forward to the release of products from the $20bn Dangote refinery after it was inaugurated in Ma...
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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