Nigeria’s manufacturers are worried that the federal government’s economic policies and banking practices continue to favour importation over investments in local production. They said Nigeria’s high lending rates, multiple taxation, rising production costs, and dependence on imported goods have been seen as undermining local manufacturing, r...
•Tinubu Fresh concerns over a possible increase in petrol prices have emerged following a two per cent rise in global crude oil prices to $106.80 per barrel, as renewed attacks in the Middle East heighten fears of supply disruptions, threatening to undermine the relief offered by the federal government’s 30-day petrol discount. This was as [&h...
•Dangote Refinery The federal government says Nigeria’s crude oil production capacity is inadequate to supply the Dangote Refinery and meet local refining needs. Nigeria’s Minister of Finance, Taiwo Oyedele, made the comment yesterday following calls for a “production subsidy” to the Dangote Refinery to meet local demand for refined products. ...
•NNPCL petrol station The Nigerian National Petroleum Company Limited (NNPCL) says its customers have been enjoying a N66 discount per litres on Premium Motor Spirit (PMS) before the federal government’s announcement of reduction of the product to N1,350 per litre to cushion the effect of rising crude oil price. In a statement, Chief Corporate...
•Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele Tinubu-led federal government’s economic recovery is gaining strength, but improved revenues and macroeconomic indicators have yet to translate into stronger social outcomes for citizens, the federal government and World Bank have said. Meanwhile, the Arewa Consult...
•NLC President Joe Ajaero Nigerian workers, under the aegis of the Nigeria Labour Congress (NLC), have given the federal government a two-week ultimatum to commence negotiations for a new national minimum wage and take immediate steps to reduce the price of petrol, warning that failure to meet its demands could trigger fresh industrial action....
The federal government says it is offering a discount on petrol dispensed by the Nigerian National Petroleum Company Limited (NNPCL) for the next 30 days. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced this today at a press briefing on fuel prices and subsidy questions in Abuja. According to the [&he...
•Governor Sheriff Oborevwori of Delta State The federal government is set to make a formal reconciliation declaration over the 1967 Asaba Massacre, Delta State Governor Sheriff Oborevwori revealed yesterday. The governor, represented by the Secretary to the State Government, Dr Kingsley Emu, disclosed this at the anniversary memorial of the ma...
•David Umahi The federal government has stated that performing contractors handling the five legacy projects of the Bola Tinubu administration will be arrested and prosecuted by the Economic and Financial Crimes Commission (EFCC) as well as the Independent Corrupt Practices and Other Related Offences Commission (ICPC). Relatively, the Bureau o...
The federal government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of bidding for the 2026 oil licensing round. The Commission’s Chief Executive Officer, Oritsemeyiwa Eyesan, who announced the licensing round during her closing remarks at the fifth anniversary celebration of the NUPRC ye...
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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