•Works minister, Dave Umahi The federal government may have to scale down its plan to adopt concrete technology in road infrastructure nationwide due to the high price of building materials and the prevailing macro and microeconomic climate. Although a policy guide on concrete road construction has existed, it has not been massively deployed f...
Despite a N1.35 billion fine imposed on nine Deposit Money Banks (DMBs) and a 7,000-member taskforce deployed by the Central Bank of Nigeria (CBN) to monitor cash availability at Automated Teller Machines (ATMs), the cost of obtaining cash remained steep across the country. Nigerians continue to rely on Point of Sale (PoS) operators, who now [...
•Jollof Rice The rising food inflation rate has increased the average cost of cooking a pot of jollof rice in Nigeria from N20,274 in June to N21,300 in September, reflecting a 5.1% increase. A report tagged ‘Crisis On The Menu: The SBM Jollof Index Q3, 2024′, said the prices of key ingredients such as tomatoes […]
•#EndBadGovernanceInNigeria protesters The reasons the immediate past Director-General of the Department of State Services, Yusuf Bichi, and the DG of the National Intelligence Agency, Ahmed Abubakar, resigned from their positions have been revealed. Sources within the presidency told our correspondent that President Bola Tinubu and the Nation...
•Petrol dispenser The landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024, the Major Energies Marketers Association of Nigeria announced yesterday. MEMAN disclosed this during a webinar with journalists yesterday. The association revealed that the landing cost of diesel was N1,157/litre, wh...
•A market place Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024, according to the latest data from the National Bureau of State Statistics (NBS). This is an increase of 0.24% points when compared to the inflation figure for May 2024 released by the NBS. “In June 2024, the headline […]
•Drugs The high cost of drugs in the country would persist, as local production of the products is near total collapse due to inconsistencies in government policies. Though the Nigerian pharmaceutical market boasts over 200 manufacturing and packaging companies made up of three dominant segments of readily available over-the-counter drugs (43....
Google made major changes to its search algorithm and spam filters earlier this year to get rid of low-quality content — but the effects have proved devastating to some smaller websites. Online businesses have been left considering layoffs and even site closures after Google’s massive upgrade in March and April caused catastrophic drops in tra...
The Central Bank of Nigeria (CBN) has ordered all banks to start charging a 0.5 percent cybersecurity levy on all electronic transactions within the country, excluding 16 listed banking deals. The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount ...
•Atiku and Tinubu Phrank Shaibu, Special Assistant to former Vice President Atiku Abubakar, has tackled the Minister of Works, David Umahi, for failing to immediately disclose the full cost of the Lagos-Calabar highway project. Atiku, who was the Presidential candidate of the Peoples Democratic Party (PDP) in the last election, had yesterday a...
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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