•Nigerians now trek longer distances amidst high transport costs Across Nigeria’s bustling cities and rural communities alike, commuters are facing mounting financial pressure as transport fares continue to rise in response to persistent increases in fuel prices. From daily wage earners to students and small business owners, the ripple effects...
•Dr. Paul Alaje Chief Economist at SPM Professionals, Dr. Paul Alaje, has advised the federal government to partner with the Dangote Petroleum Refinery in providing palliatives to the masses following the escalation in the ongoing war between Iran and the United States. He gave the advice when he appeared as a guest on Channels Television [&he...
Despite the reduction in the gantry price of Dangote Petroleum Refinery to N1,200 per litre from N1,275 per litre, oil marketers have continued to sell Premium Motor Spirit, PMS, also known as petrol, at N1,330 per litre and above in Lagos and its environs. Motorists had expected that with the N75 per litre reduction by […]
•Reno Omokri Former presidential aide and Nigeria’s Ambassador-designate to Mexico, Reno Omokri, has claimed that President Bola Tinubu inherited a debt of $113 billion from former President Muhammadu Buhari and has since reduced it to $103.9 billion. Omokri made the claim in a post on his X (formerly Twitter) handle yesterday. As of the time ...
•Open foodstuffs market Nigerians are grappling with rising food prices even as inflation shows signs of moderating, with stakeholders pointing to seasonal shortages, unstable transport costs, and deep structural challenges as key drivers of the surge. While headline inflation shows modest moderation, stakeholders in separate interviews with o...
•Dangote Trucks at the gantry The Dangote Petroleum Refinery and Petrochemicals has reduced its gantry price for premium motor spirit (PMS), popularly known as petrol, to ₦1,200 per litre. Disclosing this in a statement sighted by our correspondent today, the spokesperson for the Dangote Group, Anthony Chiejina, said the refinery pegged its co...
•CBN building, Abuja The Central Bank of Nigeria has officially restricted banking services for “chronic defaulters” and large-ticket obligors with non-performing loans. In a sweeping move to enforce credit discipline and safeguard the nation’s financial system, the apex bank issued a policy statement on Wednesday following remarks by CBN Gove...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) has unveiled its 2026 monetary policy agenda, focusing on reducing inflation to single digits, stabilising the exchange rate, and strengthening the country’s financial system. Governor of the apex bank, Olayemi Cardoso, announced the plan today in Abuja at the 2026 First Monetary Pol...
Nigeria’s travel agencies lose an estimated N1 billion yearly to Airline Debit Memos (ADMs) imposed by foreign carriers, an investigation by our correspondent has revealed. Indeed, the National Association of Nigerian Travel Agencies (NANTA) accused some of the foreign airlines of “weaponising punishment” and threatened to report the carriers ...
A Federal High Court sitting in Lagos today, Wednesday nullified the January 2024 dissolution of the board and management of Union Bank of Nigeria by the Central Bank of Nigeria, CBN, declaring the action ultra vires. Justice Chukwujekwu Aneke, in his ruling, quashed all decisions taken by the CBN-appointed board and directed the immediate res...
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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