•Akpabio, Tinubu and Abbas A nation’s executive and legislature are like two oars propelling the same canoe. If one oar pulls with force while the other drifts lazily, the canoe spins in circles. If both row in opposite directions, the vessel tilts dangerously, and progress stalls. But when the oars dip and pull in rhythm, […]
•Sunny Onuesoke In recent times, conversations around economic rebasing have returned to the forefront of national discourse. Many governments, particularly in developing countries like Nigeria, are eager to announce updated GDP figures. But troubling signs abound: some of these figures are drawn from random databases, speculative projections,...
•Governor Eno … flags off Int’l Convention Centre, Ibom Hotel Akwa Ibom State Governor, Pastor Umo Eno, has flagged off the reconstruction of the Ibom International Convention Centre and Hotels in Uyo, with a commitment to preparing the state for growth beyond oil. Speaking at the event held at the premises of the structures, he [&...
Nigeria’s quest to expand its economy to $1 trillion in the coming years is drawing scepticism, with experts warning that the target will remain elusive without bold structural reforms and a clear strategy to strengthen trade relations. The warning comes amid renewed concerns over the country’s economic trajectory, with fresh complications ari...
•Containers seen in a port The International Monetary Fund (IMF) has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 per cent. The downgrade is contained in a newly released report ‘in the July 2024 World Economic Outlook’ published yesterday. The IMF cited a weaker growth recorded in the first quarter of the […]
Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the Nigerian Exchange (NGX), this i...
•Obaseki Edo State governor, Mr Godwin Obaseki, has criticised the policies recently introduced by the Central Bank of Nigeria (CBN), saying they cannot support the economic growth of the country. The governor said the interest rates that are raised would hinder small business owners from getting loans to expand their businesses which are detr...
•African Development Bank Nigeria is missing from the list of 11 African countries expected to experience strong growth in 2024. According to the African Development Bank Group, in its latest Macroeconomic Performance and Outlook of the continent, Africa will account for 11 of the world’s 20 fastest-growing economies in 2024, but Nigeria is no...
The International Monetary Fund, IMF has downgraded its forecast for Nigeria’s 2024 economic growth to 3.0 per cent. This represents one percentage point below the growth forecast of 3.1 percent made in October 2023. The IMF announced the downgrade in its World Economic Outlook update in January 2024 released today, reports Vanguard. The IMF a...
•Gunmen Security experts have accused commercial banks of encouraging the kidnapping epidemic in the country, as some ransoms are paid into bank accounts. The experts and analysts, who have backgrounds in military, intelligence, and policing, also stressed that abductions had become an industry enabled by the financial institutions that receiv...
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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