•Tinubu and World Bank logo The World Bank has warned that Nigeria and other Sub-Saharan African countries must initiate export diversification and fiscal reforms to address their rising debt challenges. This was contained in its just-released International Debt Report 2025. The report, which highlights Sub-Saharan Africa as an outlier where d...
•Containers at the Shanghai international port in Shanghai today China’s exports fell in October for the first time in eight months, official data showed Friday, as trade tensions flared in the weeks before Chinese President Xi Jinping met US counterpart Donald Trump. Shipments dropped 1.1 percent year on year, missing a Bloomberg forecast of...
Nigeria’s economy is reeling from the escalating strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which has stalled oil and gas exports, disrupted petroleum supply, and left power plants starved of gas. By midday yesterday, national electricity generation had dropped to approximately 2,700 megawatts, nea...
•Cargoes at Seaport Nigeria’s crop fields may look lush, but beneath the green cover is a terrifying truth: deadly pesticides are poisoning the nation’s food, impoverishing farmers and disappointing the economy. Every year, over $362 million worth of Nigeria’s food exports are rejected overseas because of pesticide residues, while back home, m...
•The logo of the Bank of Korea South Korea’s economy unexpectedly contracted 0.1 percent in the first three months of this year, the country’s central bank said today, as the Asian export giant reels from months of political chaos and heightened trade tensions. US President Donald Trump’s threatened 25 percent “reciprocal” tariffs on export-de...
•Wale Edun Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the recent 14 per cent tariff imposed by the United States on Nigerian exports will have a negligible effect on the Nigerian economy. Edun stated this at the inaugural Corporate Governance Forum organised by the Ministry of Finance Incorporat...
•Trump and Tinubu The United States President, Donald Trump, yesterday enacted sweeping new tariffs in a move that could escalate trade tensions globally at what he tagged “liberation day”. Trump said the U.S. will implement “reciprocal tariffs” on all countries of “approximately half” of what they charge us, reports The Guardian. Among the co...
Nigeria exported N181.62bn worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS) has shown. A breakdown showed that N58.65bn was exported to Togo, Benin and Niger Republic in the first quarter of 2024 followed by N63.28bn in the second quarter and N59.69bn in the third […]
•Dangote refinery In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery, Africa’s largest oil refinery, to Cameroon. Dangote, in a statement yesterday, said the milestone achieved was as a result of the strategic collabora...
The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion Council has said. The drop represents a $300m or 6.3 per cent decline from the $4.8bn revenue accrued to government coffers in 2022 and $500m less than the $5bn target set by the council for the […]
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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