•Akpabio Governors yesterday denied a claim by Senate President Godswill Akpabio that the federal government disbursed N1.08trillion to states to address the food crisis in the country. During the inauguration of the renovated central mosque in the Iseyin area of Oyo State yesterday, the state governor, Seyi Makinde, said as the Vice-Chairman ...
The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,149.816 trillion January 2024 Federation Account Revenue to the Federal, States and Local Governments. The revenue was shared at the February 2024 meeting of the Federation Accounts Allocation Committee (FAAC) chaired by the Minister of Finance and Coordinating Min...
•Tinubu President Bola Tinubu yesterday defended his administration’s reforms, saying there is no going back. Tinubu on his inauguration declared an end to the fuel subsidy regime and later floated the naira alongside a slew of reforms. The moves have triggered a hike in the cost of living in Nigeria as the country’s currency lost […]...
•Governor Dapo Abiodun In a bid to cushion the effect of the rise in the prices of goods in the country, the Ogun State Government has purchased 100 truckloads of rice to be sold at cheaper rates to residents of the state. The state governor, Prince Dapo Abiodun, stated this yesterday while speaking at a […]
•Yemi Cardoso and CBN logo The Senate has confirmed the appointment of 12 persons as members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). This confirmation comes after a report of the Committee On Banking, Insurance and other Financial Institutions Committee of the CBN was considered during plenary today, reports Chan...
The naira gained marginally against the United States dollar at the Nigerian Autonomous Foreign Exchange Market on Tuesday, closing at N1,542.58/$ from N1,551/$ recorded on Tuesday. The rate represents a 2.9 per cent appreciation from the N1,598.54 traded on Monday and a meagre 0.58 per cent against Tuesday’s rate, reports The PUNCH. According...
Licensed Bureau De’Change operators have expressed support for government’s crackdown on persons selling and buying foreign currencies on the streets. President of the Association of Bureau De’Change Operators of Nigeria (ABCON) Aminu Gwadabe, advised that the ongoing raids and arrests of such traders should not be misconstrued, reports The Na...
•Minister meets with the NLC President, Joe Ajaero in Abuja The federal government has said the wage award of N35,000 for January and February 2024 is being processed. Earlier, the Trade Union Congress (TUC), an arm of the organised labour, had accused the federal government of not being serious about implementing the agreement signed with [&h...
The Senate today, Wednesday, February 21, screened nominees for membership of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). President Bola Tinubu had last week forwarded to the Senate for confirmation, the names of nominees for appointment as MPC members, reports The Nation. During the session, the Senator Tokunbo A...
The Manufacturers Association of Nigeria (MAN) has raised concerns about the increasing difficulties in the country. Speaking on Channels TV today monitored by The Frontier, Segun Ajayi-Kadir, Director-General of the association, described the situation as “particularly difficult” and one where many are questioning if it is even worth staying ...
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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