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 Chairman, Poultry Association of NigeÂria (PAN), Iyiola MoÂjeed,Lagos State chapÂter has called on governments at all levels to take the issue of farm security seriously and assist in protecting farmers from violence and insecurity. Iyiola, who made the call in Lagos in an interview, said there was need for practical solutions to insecurit...
There is growing apprehension in the manufacturing and aviation sectors that the rising costs of diesel and aviation fuel will lead to the total collapse of more industries and airlines operating in the country. In Kano, Ogun, Edo, Delta, Kogi, Lagos, and Kwara states, the Manufacturers’ Association of Nigeria told our correspondent yesterday ...
The naira has maintained its downward trend as scarcity of the dollar bites harder. At the parallel market, naira commenced trading at 1,175/$ and closed at 1,190/$ on Friday, reports The PUNCH. Two weeks earlier, the naira had traded at 1,100/$ at the parallel market. It, however, appreciated slightly on the Investor & Exporter forex [&he...
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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