•Taiwo Oyedele Minister of State for Finance, Taiwo Oyedele, has acknowledged that Nigeria’s new tax reform laws contain errors, assuring that corrective measures are already underway to address the identified issues. Oyedele made the disclosure while speaking during a fireside chat at the 2026 annual conference of the Nigerian Bar Association...
•TUC President Festus Osifo The Trade Union of Nigeria, TUC, yesterday raised the alarm that the price of Premium Motor Spirit may climb to about N2,000 per litre if urgent measures are not taken to cushion the impact of rising global crude prices and the depreciating naira. Consequently, TUC has called on the federal government […]
•Tinubu and World Bank logo Poverty in Nigeria rose to 63 per cent in 2025, despite a slowdown in inflation, indicating the limited impact of recent macroeconomic improvements on household welfare, the World Bank has said. The bank disclosed this in its Nigeria Development Update (April 2026) titled “Nigeria’s Tomorrow Must Start Today: The Ca...
•TUC President, Comrade Festus Osifo The Trade Union Congress (TUC) has urged the federal government to deploy part of the excess revenue generated from higher-than-benchmarked crude oil prices to subsidise crude supplied to local refineries. TUC President, Comrade Festus Osifo gave the advice today, while briefing the media on State of the Na...
The Dangote Petroleum Refinery & Petrochemicals has slashed the ex-gantry price of Premium Motor Spirit (petrol) to N1,200 per litre, reversing its earlier increase amid a sharp drop in global crude oil prices triggered by geopolitical developments. The latest adjustment represents a N75 reduction from the previous price of about N1,275 pe...
•Tinubu and World Bank logo The World Bank has cautioned the Tinubu-led federal government against embarking on flamboyant spending as Nigeria reaps bountifully from higher oil prices driven by the ongoing war in the Middle East. With the shortage of petroleum products due to Iran’s closure of the Strait of Hormuz, Africa’s richest man, Aliko ...
A coalition of civil society organisations (CSOs) has lamented that despite federal budgets exceeding N100 trillion in the last two years, Nigerians are worse off, with worsening poverty, failing public services and deepening inequality. Similarly, former presidential candidate, Peter Obi, questioned the federal government’s latest approval of...
Nigerian crude oil, Bonny Light, dropped below $95 a barrel on Wednesday from above $130 after Iran agreed to reopen the Strait of Hormuz for two weeks in exchange for a temporary ceasefire with the United States. Strait of Hormuz is a vital route for 20% of the world’s energy supply, reports AFP. Bonny Light […]
•Dangote Refinery loading bay Amid rising geopolitical tensions in the Middle East and their ripple effects on global energy markets, the Dangote Petroleum Refinery has increased the gantry price of petrol and diesel, further tightening pressure on consumers and businesses across Nigeria. A top official at the refinery, who confirmed the devel...
Fresh details have emerged regarding the circumstances that led to the regulatory intervention in Union Bank of Nigeria (UBN), with a forensic audit report alleging wide-ranging financial irregularities under the bank’s former owners and directors. The Central Bank of Nigeria (CBN) had in January 2024 dissolved the bank’s board and management,...
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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