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 ambitious deal between the Dangote Petroleum Refinery and Nigerian National Petroleum Company Limited is facing challenges, as the refinery experienced a crude oil supply shortfall of approximately 79.53 million barrels between October 2025 and mid-March 2026, according to findings. Data obtained from an impeccable senior management source...
•Dangote and Tinubu President of Dangote Group, Aliko Dangote, has raised concerns over the growing volatility in the global oil market, warning that the ongoing conflict in the Middle East could worsen economic hardship across Africa if not urgently resolved. Speaking on the implications of the crisis, Dangote said that although Nigeria is no...
The steady rise in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, has intensified economic hardship across Nigeria, with prices climbing to nearly N1,400 per litre in several parts of the country, triggering widespread anxiety among transporters, commuters, and businesses. Findings across major cities indicated that th...
•Dollar and Naira notes The Naira opened in the official window today, trading at approximately ₦1,356.74 per Dollar, after a period of moderate volatility observed in mid-March. Rates had fluctuated between ₦1,344 and ₦1,370. Data from the Nigerian Foreign Exchange Market (NFEM) showed that while the intraday high reached ₦1,362.00 in recent ...
•CBN headquarters, Abuja Thirty-four banks have met the new minimum capital threshold eight days to the deadline for banking recapitalisation. A provisional list reviewed yesterday showed that all the major banks with international banking licences, which control more than 70 per cent of the industry and most national banks have scaled the rec...
Nigeria’s newest telecom entrant, Vitel Wireless, has launched a “data that never expires” campaign aimed at tackling one of the most persistent complaints among mobile users; rapid depletion of data bundles. The company, licensed by the Nigerian Communications Commission, unveiled the initiative at a recent event in Lagos, positioning it as a...
The Supreme Court has affirmed November 22, 2024 judgment of the Court of Appeal in Abuja which upheld an arbitral award against Emerging Markets Telecommunications Services Limited (EMTSL) – doing business as 9Mobile – in favour of two aggrieved investors. The arbitral award, made on September 26, 2022, required EMTSL to refund the $43,033,95...
•Dangote fuel trucks The Dangote Petroleum Refinery has announced a fresh hike in the price of Premium Motor Spirit (petrol), citing escalating global geopolitical tensions. In a notice sent to marketers last night and obtained by our correspondent, the refinery disclosed that its ex-depot (gantry) price had been raised from N1,175 per litre t...
•Janet Ayegbubusi The Nigerian fashion industry is one of the fastest growing sectors of the nation’s economy and employs millions of Nigerians, especially young people. The sector has gained world-wide recognition for its creativity and style and innovation. One of the people that are making the sector thick is Janet Ayegbubusi, the CEO of Ra...
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.
© 2026 The Frontier, Published by Okims Media Links Limited.
designed by winnet services
