•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 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...
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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