•Tinubu The Northern Elders Forum (NEF) yesterday expressed concern and disappointment on the recent decision by President Bola Tinubu’s government over the increase in electricity tariff. It described the hike as a “reckless move” and a complete disregard for the well-being and welfare of the Nigerian people, reports Daily Trust. In a stateme...
•Power Lagos, Kano, and 10 other states have concluded plans to start generating power in their respective states in conformity with the Electricity Act 2023. It was gathered yesterday that some of these states had established their electricity market laws and were waiting for the approval of the Nigerian Electricity Regulatory Commission to h...
Two former federal lawmakers, Senator Andrew Uchendu and Honourable Dachung Bagos, have faulted the federal government’s reduction of electricity subsidy. They argued that the timing was wrong. The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, announced an increment in electricity tariff for Band A customers. It explained tha...
The Peoples Redemption Party, PRP has condemned in very strong terms, the increase in the electricity tariff paid by Band A customers from N68/KWh to N225/kWh by the Nigerian Electricity Regulatory Commission, NERC, describing it as a cynically cruel blow on Nigerians, reports Vanguard. In a statement today by PRP Acting National Publicity Sec...
•Foodstuffs Nigerians have reacted, stating that the surge in the dollar’s value is not solely responsible for the increase in the prices of goods. Reacting to a post on social media platforms, Nigerians emphasised that the decline in dollar might not affect the prices of goods as there are additional underlying factors influencing it, reports...
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent. The MPR was at 18.75 per cent. The MPC also made a bold move to restrict money supply by increasing the Cash Reserve Ratio to 45 per […]
As the National Bureau of Statistics (NBS) is set to release the January 2024 inflation report, this week, analysts at Financial Derivatives Company (FDC) have projected that inflation rate for January 2024 May hit the 30 percent mark. They also projected that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will [&h...
There is an uneasy calm at a section of the Oshodi Terminal Interchange (OTI) occupied by long-distance luxury bus transporters. This followed a hike in the service charge collected from passengers by the management of the facility, reports The Guardian. The charge was hiked from N600 to N2,000 per passenger on a single trip, representing [&he...
The federal government yesterday said the Port Harcourt Refining Company was still being test-run, adding that refined petroleum products from the plant would hit the market soon. It disclosed this at a briefing in Abuja, as oil marketers expressed worry that the recent crash of the naira against the United States dollar might lead to [&hellip...
•Tinubu As it is with many Nigerians, the economic pains occasioned by the petroleum subsidy removal and the tuition fee regime sweeping across tertiary institutions in the country have continued to create rumble among students and human rights advocacy groups. The National Association of Nigerian Students (NANS), the National Association of P...
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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