The federal government has threatened the possibility of opening the borders to cement importation if Nigerian cement manufacturers refuse to play ball on cement reduction in the country. It also said that although it is aware of the macroeconomic challenges facing the country some of the key components of producing building materials, especia...
•Prepaid meters Nigeria’s foreign exchange and inflation have combined to push the prices of prepaid meters year-on-year, YoY by 80 percent to N147, 610.43 (Single phase) in February 2024, from N81, 975 in the corresponding period of 2023. Similarly, the price of the double phase meter also surged YoY by 80 per cent to N259, […]
Bullion Go-Neat Global Limited has again asked the National Agency for Food and Drug Administration and Control (NAFDAC) to expose those responsible for counterfeiting its products known as “Coco Samba Milk and Chocolate Flavoured With Herbal Extract.” The manufacturing company, in a statement made available to journalists, noted that NAFDAC a...
Cement manufacturers have agreed to sell a 50kg bag of cement at a retail price between N7,000 and N8,000, depending on location nationwide. However, the manufacturers stated that the price drop from the current market price would depend on the fulfilment of certain government interventions to ameliorate critical challenges faced in the indust...
•A queue at a gas refilling station in Abuja Nigerians in some parts of the country have resorted to using charcoal as the cost of Liquefied Petroleum Gas, otherwise known as cooking gas, has continued to skyrocket. This is just as the cost of charcoal has also risen owing to high demand, with some people […]
Many Nigerians are still feeling the negative impact of fuel subsidy removal despite assurances by the federal government that the decision was made for the good of the country. Dry season farmers who use fuel-powered water pumps to irrigate their farmlands are among poor Nigerians who bear the brunt of the fuel subsidy removal, reports [&hell...
•Naira notes Amid current hardship ravaging the country, Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse Zone 4, Malam Ibrahim, confirmed the rates today, reports The PUNCH. He said, Yes it is true, we are currently selling above [&he...
Despite efforts by the Central Bank of Nigeria (CBN) to restore sanity in the foreign exchange market by rolling out three new circulars, the naira suffered a further slide at the weekend. The naira experienced another decline in both the official and parallel foreign exchange markets on Friday, reports Daily Independent. At the parallel mar...
Current operating aircraft of Nigerian carriers have dropped to 44 from about 107 a few years ago following the debilitating foreign exchange crisis, investigation has revealed. The current statistics show that 63 aircraft of the scheduled operators are either grounded in the country or are in the various maintenance organisations outside Nig...
•Sunny Onuesoke Peoples Democratic Party (PDP) chieftain and former Delta State governorship candidate, Chief Sunny Onuesoke, has expressed anger over the astronomical hike in cement prices across the country. Consequently, he has appealed to builders to suspend whatever projects they are undertaking temporarily until the price of cement retur...
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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