The Nigeria Labour Congress, yesterday, warned the federal government against heeding the advice of the World Bank to increase the pump price of Premium Motor Spirit popularly called petrol to N750/litre. The NLC’s Head of Information, Benson Upah, in an interview with our correspondent, said any further increase in the price of petrol would l...
Nigeria and other developing countries have spent about $441bn on debt-serving in the past 40 years, according to a new World Bank report. The World Bank report also disclosed that Nigeria received $2.9b and topped the recipients of its fresh loans in 2022. According to its International Debt Report for 2023, Nigeria was followed by […]
The Ekiti State Police Command has vowed to arrest the perpetrators of a bank robbery in the Ikere-Ekiti area of the state. Robbers had attacked two new-generation banks in Ikere-Ekiti yesterday evening, carting away an undisclosed amount of money with three persons feared killed. In a statement after the incidents, the police spokesman in the...
The World Bank has said the Tinubu-led federal government may still be paying for petrol subsidy as fuel prices in Nigeria are currently not cost-reflective. It said Nigerians should pay about N750 per litre as against the current price of N650 in some places. Petrol is already selling at around N690 in Kano and Sokoto, […]
•CBN The Central Bank of Nigeria (CBN) yesterday assured Nigerians that banks in the country are resilient and none of them has failed integrity test. This was contained in a statement signed by the Acting Director, Corporate Communications of the bank, Mrs. Sidi Ali, Hakama. The statement reads, “The attention of the Central Bank of [&hell...
•Photo caption: Group Managing Director/CEO, Zenith Bank Plc, Dr. Ebenezer Onyeagwu and the President/CEO, CFA Institute, Margaret Franklin during the signing of an MOU between Zenith Bank and the CFA Institute to develop human capital in finance and investment, recently. Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the ...
The Central Bank of Nigeria (CBN) says it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024. This is according to a circular issued today by the apex bank which said a BVN or NIN verification will be “conducted shortly”. … developing story
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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