The Nigerian National Petroleum Company Limited has signed a fresh agreement with two Chinese firms in a move aimed at accelerating the long-delayed rehabilitation and commercial restart of Nigeria’s refineries, while opening a new window for technical equity partnerships. The deal, structured as a Memorandum of Understanding, was signed with ...
Thirty-two states and the Federal Capital Territory’s debt rose to nearly $5.7 billion in fresh external loans in 2025, driving a year-on-year surge in subnational foreign debt despite higher inflows from Federation Account Allocation Committee disbursements, an analysis has shown. Data from the Debt Management Office indicated that the combin...
•Atiku Former Vice President Atiku Abubakar, yesterday, warned the federal government over poor economic management, citing the drop in external reserves despite rising oil earnings. Also, Nigeria’s external reserves fell to $48.45 billion as of April 24 from $48.72 billion recorded the previous week, representing a decline of about $1.57 bill...
•Demonstration held outside White House against Trump’s war in Iran on April 07 Nigeria’s oil earnings have recorded an estimated windfall of about N5.13 trillion in two months, as crude prices surged sharply following tensions linked to the United States–Iran crisis, pushing revenues far above the Federal Government’s 2026 budget assumptions....
•Atiku Abubakar and Remi Tinubu Former Vice President Atiku Abubakar has condemned what he described as the deliberate weaponisation of hunger through the distribution of food items and palliatives across Northern Nigeria by President Bola Tinubu, saying the gesture amounted to political manipulation dressed up as compassion. The attack was co...
•Governor Sanwo-Olu of Lagos State To cushion the effect of the recent fuel price increase, the Lagos State government has promised to pay all workers in the state an extra N50,000. Governor Babajide Sanwo-Olu disclosed this today during the 2026 Workers’ Day Commemoration, themed: “Insecurity, Poverty – Bane of Decent Work,” held at the Mobol...
•TUC President Festus Osifo As Nigerian workers join their counterparts around the world to mark this year’s Workers’ Day, the President of the Trade Union Congress (TUC), Festus Osifo, has stressed the need for the federal government to ensure that the naira is properly valued. Osifo argued that the Nigerian currency is currently undervalued,...
Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions over operational disruptions. In an internal communication to staff, the company said the decision followed an extensive review process ...
•Tinubu Nigeria will spend about ₦15.81 trillion on servicing its public debt in 2026, one of the largest components of a record ₦68.32 trillion budget, according to data from civic tech organisation BudgIT and official government figures. The spending plan, recently approved by lawmakers and signed by President Bola Tinubu, outlines total exp...
•Dangote Cement Dangote Cement Plc has reported a profit before tax of N421.1 billion for the first quarter of 2026. Its recently filed financial statements on the Nigerian Exchange said the growth reflected a 35% year-on-year increase from N311.9 billion in Q1 2025, driven largely by strong topline growth. Revenue rose to N1.19 trillion from ...
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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