•Tinubu presenting the 2026 budget before the joint sitting of the National Assembly in December 2025 Nigeria’s economic growth may be under a serious threat as several ministries received zero or near-zero capital budget releases in 2025 despite huge appropriations approved by the National Assembly, experts have warned. Economists and public ...
A military contingent joined thousands of anti-government demonstrators in Madagascar yesterday, calling on security forces to “refuse orders to shoot” and condemning police action to quell over two weeks of youth-led protests that have rocked the Indian Ocean island. The newly appointed premier last night said the government was “standing str...
•Governor Monday Okpebholo of Edo State The release over the weekend at Ibilo in Akoko-Edo Local Government Area of Edo State of the kidnapped National President of the Afenifere Youth Council, Prince Eniola Olajuni, after spending 12 days in captivity, has been described as an indication that Edo is the capital of kidnapping and violent [&hel...
After three years in operation, Nigerian education technology startup Edukoya has ended operations, saying poor infrastructure and economic challenges made it impossible to scale. The startup which secured Africa’s largest pre-seed funding of $3.5 million in 2021, said it will return capital to investors rather than persist in what it describe...
•Central Bank of Nigeria Major banks are on course to raise N1.26 trillion in the capital market. It is in a bid to meet recapitalisation conditions set by the Central Bank of Nigeria (CBN), reports The Nation. Zenith Bank will today complete the pre-offer process for a N188.4 billion rights issue. FCMB Group will tomorrow […]
Severe flooding in Liberia has led a group of senators to propose relocating the capital city away from overcrowded and poorly managed Monrovia, a suggestion met with a mixture of enthusiasm and hesitancy in the West African country. Flash floods triggered by torrential rains between the end of June and early July left nearly 50,000 […]
The Nigerian Government released ₦1.23tn to 17 ministries for the execution of capital projects in the third quarter of 2023. According to the Budget Implementation Report for Q3, 2023 released by the Budget Office yesterday, 75.4 per cent lower than the ₦5trn allocated for capital expenditure in the 2023 budget, resulted in a deficit of [&hel...
•Kenyan Police officer fires tear gas canister towards protesters during a demonstration against tax hikes A man died after mass demonstrations against proposed tax hikes in the Kenyan capital yesterday, police said, with Amnesty International saying it was a protester who had been shot. Led largely by Gen-Z Kenyans, the protests began in Nair...
•Central Bank of Nigeria A Significant increase in the minimum capital requirements for all banks operating in the country was yesterday announced by the Central Bank of Nigeria (CBN). Acting Director, Corporate Communications, Mrs. Hakama Sidi-Ali, listed requirements for the various categories of banks in a circular, reports The Nation. The ...
•New Naira notes The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-i...
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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