•Governor of the Bank of Canada, Tiff Macklem Canada’s central bank held its key lending rate at 2.25 per cent today but warned the Middle East war will cause an inflation spike that may require action. The decision marked the third consecutive hold by the Bank of Canada, which has said it wants to keep […]
•Dangote fuel trucks Fresh concerns over a global economic shock are mounting as oil prices surged sharply yesterday following escalating tensions in the Middle East and the emergence of Mojtaba Khamenei as Iran’s new supreme leader. Following the global oil crisis, the Managing Director/Chief Executive Officer of Dangote Refinery and Petroche...
•Solomon Dalung A former Minister of Sports, Solomon Dalung, has said that the removal of the fuel subsidy has not delivered the expected relief, adding that it has instead resulted in poverty, hunger, inflation, and insecurity. At his swearing-in in May 2023, President Bola Tinubu declared an end to the subsidy regime with his famous [&hellip...
Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, providing some respite for consumers grappling with high living costs. Data released by the National Bureau of Statistics today showed that inflation dropped to 20.12 per cent, down from 21.88 per cent in July. The figure represents a 1.76 percentage point decl...
•A trader works at his desk on the floor of the New York Stock Exchange (NYSE) Asian markets mostly rose today, with Tokyo hitting a record, as investors welcomed the extension of a China-US tariff truce but looked ahead apprehensively to the release of key US inflation data later in the day. Donald Trump’s widely […]
•Dangote Refinery was commissioned in May 2023 Dangote Petroleum Refinery has been identified as crucial to reducing inflation in Nigeria, according to a report by the Financial Derivatives Company (FDC) Limited think tank. In its recently published Lagos Business School (LBS) Executive Breakfast Presentation for July, the think tank noted tha...
•Methodist Church Council of Bishops and Tinubu The Prelate of the Methodist Church Nigeria, His Eminence Dr Oliver Ali Aba, has told President Bola Ahmed Tinubu that hunger and inflation were fuelling insecurity in the country, and called for urgent government action to address the deepening economic hardship. Recall that the National Securit...
•Nigeria’s inflation Nigeria’s headline inflation rate dropped to 23.71 percent in April 2025, relative to 24.23 percent recorded in March 2025, representing a decrease of 0.52 percent from March 2025 figure. This is contained in data released by the National Bureau of Statistics (NBS) today in Abuja, and the report is based on a new [&h...
As predicted by economists, Nigeria’s headline inflation rate rose to 24.23% in March 2025, according to the official government data source, the Nigeria Bureau of Statistics (NBS). The rise in the country’s inflation rate, from 23.18% back in February 2025 to 24.23% in March 2025, reflected a major increase in the rising commodity and energy ...
•Bismarck Rewane The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, said the concession of Nigeria’s major roads in deplorable condition would ultimately reduce inflation, increase productivity, and strengthen the nation’s wobbling currency, the Naira. The renowned economist stated this on Channels Television toda...
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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