The Central Bank of Nigeria, CBN, yesterday, assured Nigerians of sufficient stock of currency notes for economic activities in the country. It was earlier reported that as the December 31 deadline for the use of the old N200, N500 and N1000 banknotes approaches, scarcity of cash has hit Kano and Borno states as well as […]
•Lagos-Ibadan cargo train Investigations by our correspondent yesterday have revealed that the Lagos-Ibadan cargo train, since it’s arrival on Sunday, October 29, 2023 at the Apapa Port from Moniya in Ibadan, has not left back to Ibadan with cargoes due to lack of enough cargoes to lift from the nation’s busiest port, reports Nigerian Tribune....
•Tinubu and Shettima Many African governments are currently caught in the crisis of refining domestic debts at cut-throat costs even as they overstretch the funding capacity of their central banks to bridge the gaping hole in their finances, a situation that has left many in dire straits, a report by S&P warned yesterday. The crisis [&hell...
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2023, recording a remarkable triple-digit growth of 114% from N620.6 billion reported in Q3 2022 to N1.33 trillion in Q3 2023. This performance demonstrates the Group’s resilience and strong market share despite a very challenging macroeconomic environ...
Nigeria’s debt to China increased from $3.93bn as of June 30, 2022, to $4.73bn as of June 30, 2023, showing an increase of $800m in one year. It is an increase of 20.36 per cent from the second quarter of 2022 to Q2 2023, according to an analysis of the external debt stock data from […]
Tagging their move as another avenue to cash out from the nation’s resources after possibly wasting time on the exercise, civil society organisations, oil and gas experts as well as legal practitioners yesterday, said the move by the Senate to recover the alleged over N11.3 trillion spent on the nation’s moribund refineries as Turn Around [&he...
That the Nigerian economy is still in dire straits is no longer news, but the real worry for stakeholders appears to be the helplessness of both the fiscal and monetary authorities to stem the tide of naira’s free fall that has sent prices of basic items like food, energy and transportation skyrocketing to unprecedented heights […]
All over social media, in the markets, commuter buses, among workers, and ordinary Nigerians and in conversations among kith and kin, there is lamentation. And it is all centred on the terrible financial situation of the nation. Even the intellectuals and other elite are not immune from the effects of the devastating worsening impact of [&hell...
•A section of Alaba International Market, Lagos The Lagos State Government has reopened the Alaba International Market and some markets in the Trade Fair Complex, all located in the Ojo Local Government Area of the state. The state government had days ago ordered the closure of the markers for improper waste disposal and other environmental [&...
The management of Ethiopian Airlines (ET) has denied having interest in the controversial Nigeria Air, contrary to erstwhile claim that it emerged the preferred bidder from a ‘rigorous process’. Group Chief Executive Officer of East African carrier, Mesfin Tasew, said Ethiopian Airlines got into the mix on the invitation of the ministry, heade...
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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