•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...
•Fuel scarcity House of Representatives Committee on Petroleum Resources (Downstream) has raised fresh concerns over a looming increase in fuel prices, warning that Nigeria may soon witness a return of fuel scarcity and long queues if urgent measures are not taken. Following the recent escalation of the war in the Middle East, Nigeria has reco...
Nigeria’s current account surplus fell by 26 percent year-on-year (YoY) to $14.04 billion in 2025, down from $19.03 billion in 2024, the Central Bank of Nigeria (CBN) has disclosed in its 2025 Balance of Payments (BoP) report. The decline was largely driven by a fall in crude oil exports, increased crude oil imports by Dangote […]
Despite its status as Africa’s largest crude oil producer, Nigeria imported crude oil worth a staggering N5.734 trillion between January and December 2025 as domestic refineries grappled with persistent feedstock shortages, exposing a deepening supply paradox in the country’s oil sector. This comes in spite of the federal government’s much-pub...
•Foodstuffs market in Nigeria Nigeria’s annual food inflation rate reversed a six-month downward trend, rising to 12.2 per cent in February, from 8.89 per cent in January, driven by prices of beans, yam flour, cassava tuber, crayfish and other items. Similarly, the monthly food inflation rate reversed a two-month downward trend and rose to 4.6...
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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