•Crude oil Operators of the Oza oil field, Decklar Resources Inc., and its co-venturer, Millennium Oil and Gas Company Limited, said they have delivered 75,500 barrels of crude till date to two modular refineries in Edo State. The two refineries are the Edo Refinery and Petrochemical Company (ERPC) facility in Ologbo, Ikpoba Okha Local Governm...
Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat as the only Nigerian company in the prestigious and exclusive listing. Zenith Bank’s inclusion in this elite list underscores the bank’s outstanding achievements and resilience in a dynamic and competitive global market. The Fro...
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 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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