•Forex The Economic and Financial Crimes Commission is investigating at least $347bn allocated to companies in Nigeria between January 2014 and June 2023, according to findings by our correspondents. This came as fresh findings show that the anti-graft agency has extended its forex allocation probe to include some foreign firms operating in Ni...
•House of Reps The leadership of the House of Representatives last night unveiled plans to commence an investigative hearing on the alleged mismanagement of COVID-19 Intervention Funds expended between 2020 and 2022. Chairman, House Committee on Media and Public Affairs, Hon. Akin Rotimi gave the hint via a statement made available to Parliame...
There’s a mounting pressure on the federal government to make significant releases to clear the foreign airlines’ trapped funds amidst their threat to exit Nigeria. This is despite the release of $61.4m by the Central Bank of Nigeria (CBN) last week as part of efforts to clear outstanding liabilities and bolster the foreign exchange market, [&...
The Pharmaceutical Society of Nigeria has called on the federal government to probe alleged corrupt cases made against some of the Chief Executive Officers of the Federal Health Institutions. A communique of the 96th annual national conference of the PSN, titled, ‘Jewel City 2023,’ also raised alarm over the unregistered two million drug selle...
The regime of crazy fares Nigerians have been subjected to by the foreign carriers operating in the country may soon be reviewed downwards as the federal government, through the Central Bank of Nigeria, has commenced part payment of over $800 million trapped funds of the airlines. This came just as the information reaching this paper […...
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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