•Charcoal Rising energy and living costs in the Federal Capital Territory (FCT), Abuja and environs have forced many residents to abandon Liquefied Petroleum Gas (LPG) for firewood and charcoal to meet household demands. With cooking gas prices fluctuating between N1, 400 and N1, 500 per kilogram, households are adopting cheaper, traditional c...
•Port Harcourt refinery The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake of about 51 per cent in the Port Harcourt and Warri refineries as part of a broader plan to rehabilitate and commercially reposition the facilities. Details of the arrangemen...
•Dangote and Otedola The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery. He revealed his plans today after leading top executives of First HoldCo to Dangote refinery. Otedola’s planned investment is part of the $2 billion private placement Dangote refinery is targeting from private invest...
•Nigeria Labour Congress The Nigeria Labour Congress (NLC) has urged workers to prepare for another major confrontation with the federal government over wages and welfare as economic hardship continues to bite across the country. President of NLC, Joe Ajaero, gave the indication yesterday in Abuja during the unveiling of the roadmap for the 50...
•Governor of the Central Bank, Olayemi Cardoso The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting, which recorded the attendance of 11 members. The Governor of the Central Bank, Olayemi Cardoso, who spoke at the end of the […]
A tax expert and auditor, Olayinka Oyebola, has called for the urgent alignment of Nigeria’s tax system with global best practices, saying such reforms are necessary to strengthen compliance, improve efficiency, and enhance the country’s economic competitiveness. Oyebola, who is the Managing Partner of Olayinka Oyebola & Co Consult, made t...
•Dollars and Naira notes Data published by the Central Bank of Nigeria (CBN) shows that the Naira recorded a slight depreciation against the United States Dollar today, Tuesday, May 19, 2026. The currency traded at about ₦1,373.5 per dollar at the Nigerian Foreign Exchange Market (NFEM) window, compared to ₦1,372 recorded in the previous sessi...
The Dangote Petroleum Refinery has dropped the price of jet fuel from N1,750 to N1,650 per litre. The company disclosed this in a statement made available to the press yesterday. Recall that airlines in Nigeria recently threatened to stop operations due to the rising cost of aviation fuel, reports The PUNCH. Since the advent of […]
The Central Bank of Nigeria says 63.3 per cent of Nigerians want interest rates reduced ahead of the Monetary Policy Committee meeting scheduled for May 19 and 20, 2026. The apex bank disclosed this in its April 2026 Inflation Expectations Survey Report, released by its Statistics Department under the Economic Policy Directorate on its website...
•Dangote Refinery The Dangote Petroleum Refinery has taken the federal government to court over fresh fuel import licences issued to oil marketing companies in the country. Despite the refinery’s condemnation and rising domestic refining capacity, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, issued fresh fuel i...
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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