•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...
•Femi Otedola The Chairman of First HoldCo Plc, Femi Otedola, acquired additional shares of the company yesterday, valued at approximately N43.41 billion. The transaction was disclosed in a regulatory filing submitted to the Nigerian Exchange Limited (NGX) and signed by the group company secretary, Abiola Baruwa. The acquisition, executed on t...
•Aliko Dangote The President of the Dangote Group, Alhaji Aliko Dangote, has said the group rejected requests by the Nigerian National Petroleum Company Limited to increase its 7.25 per cent stake in the Dangote Petroleum Refinery. Dangote stated this in an interview with the Chief Executive Officer of the Norwegian Sovereign Wealth Fund, Nico...
•Fuel pump Nigeria’s daily consumption of Premium Motor Spirit (PMS), also known as petrol, rose by 10.78 per cent in April 2026 to 52.4 million litres despite rising global prices. Data newly released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) noted that the rise was from 47.3 million litres recorded in M...
•Tinubu and Nigerian market President Bola Tinubu has said that Nigeria will spend about US$11.6 billion on debt servicing in 2026. According to a statement by presidential spokesperson, Bayo Onanuga, Tinubu made the remarks yesterday while leading Nigeria’s government, diplomatic, and business delegation to the Africa Forward Summit at the Ke...
First HoldCo Plc, the parent company of First Bank of Nigeria, said it will be seeking shareholders’ approval to raise up to N253.099 billion in fresh capital. The move comes as the group pursues a target of reaching a N1 trillion paid-up capital base comprising share capital and share premium, reports Channels TV. The fundraising […]
•Exterior of Unilever Benelux, on the Hofplein Unilever Nigeria Plc has approved N18.67 billion for shareholders as dividend for the 2025 financial year. Shareholders approved a final dividend of N3.25 per share, amounting to N18,671,267,605.25, subject to applicable withholding tax and statutory deductions, reports Channels TV. The approval w...
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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