•CBN Governor Yemi Cardoso Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN) has stated that the actions taken by the apex bank to stabilize foreign exchange rates have begun to show promising outcomes. He pointed out that since high exchange rates and inflation are strongly associated, the steps would assist in stabilizing [&hel...
The federal government said yesterday it was considering importation of food as a critical option on the table to halt the high cost of items in the country in order to ameliorate the sufferings of Nigerians. In the interim, the government has ordered the immediate release of 102,000 metric tonnes of rice and maize from […]
The Central Bank of Nigeria, in its recently revised consumer protection framework, has mandated financial service providers to comply with minimum standards in their advertising and promotional materials. One of the requirements is that FSPs should not make reference to unaudited financial statements in their sales promotion, reports The PUNC...
French energy giant TotalEnergies is set to sell its onshore business in Nigeria, its CEO Patrick Pouyanne has said, noting that operation in the Niger Delta is a “real difficulty.” Another oil major Shell announced last month that it was selling its onshore property—the Shell Petroleum Development Company(SPDC)—after decades of operation in t...
Consumers of bread in Rivers State may have to pay more, as the prices of the staple food will increase from February 7, 2024. Chairman of the Rivers State chapter of the Master Bakers Association of Nigeria, Dr Chidi Emmanuel, confirmed the price increase while speaking to newsmen after an emergency meeting of the association […]
The House of Representatives yesterday tasked federal government on the need to ensure implementation and enforce compliance with Executive Order 003 of 2017 on the patronage of locally-produced products including textiles. The House resolution was passed sequel to the adoption of a motion on the ‘Need to compel Uniformed Government Organisati...
A political economist Pat Utomi says what he described as “missteps” from the Central Bank of Nigeria (CBN) contribute to the tumbling value of the naira. The naira exchanges for about N1,400 to a dollar in the parallel market as of now and has been on a downward slide against major world currencies in the […]
•Customs officers Amid existing economic challenges and moves to jerk up the N5.1 trillion revenue of the Nigeria Customs Service (NCS) from the second half of this year to stave borrowings, port users have said the move would increase inflation, as businesses would hugely be affected. They argued that the decision would also affect the [&hell...
•Dangote refinery Indications have emerged that lingering regulatory approvals have stalled Dangote Petrochemical Refinery’s plan to release aviation fuel (Jet A1) and diesel for sale in the Nigerian market in January, findings have shown. One week after the January 31 timeline set by the management of Africa’s largest refinery to begin sale o...
•Tinubu’s Chief of Staff Femi Gbajabiamila The Chief of Staff to the President, Mr. Femi Gbajabiamila, met behind closed doors with the National Security Adviser, NSA, Mallam Nuhu Ribadu, and some ministers at the Presidential Villa, Abuja, yesterday, over food security and protests in some states. The meeting, which began at about 05:30...
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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