•Governor Umo Eno (right) TONY UDOH, Uyo reporting Akwa Ibom State governor, Pastor Umo Eno has reaffirmed his administration’s commitment to providing an enabling environment for investors and businesses to thrive. Speaking at the official opening of Kaybi Beverage Industries Limited, producers of Kayora Premium Water, Eket, he commende...
•Dangote The Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE, warning that no application for such an offer has been filed with or approved by the regulator. In a public notice made available to our correspondent ...
•Aminu Nuruddeen Amin A Kano-based Free TV dealer, Aminu Nuruddeen Amin, today questioned the federal government’s recent relaunch of the Free TV initiative, warning prospective investors and dealers to exercise caution based on his experience under the previous Digital Switch Over (DSO) programme. Addressing journalists in Kano, Amin said he ...
Oil prices inched lower today, extending the previous session’s declines as investors assessed the US-Iran peace deal, though uncertainty over the full resumption of shipping through ‌the Strait of Hormuz limited further falls. Brent crude futures dipped 16 cents, or 0.2%, to $78.80 a barrel by 0340 GMT, while U.S. West Texas Intermediate fell...
•Revenue Mobilisation Allocation and Fiscal Commission boss, Mohammed Shehu  The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has warned that Nigeria risks losing investment opportunities if it fails to speed up its business registration processes. The warning was issued by the Chairman of RMAFC’s Investment Monitoring Committ...
•A worker displays a one kilogram gold bullion bar Gold prices were largely steady on today ‌as investors remained cautious about the fragile U.S.-Iran ceasefire. Spot gold inched 0.1% higher to $4,721.51 per ounce, as of 0523 GMT. U.S. gold futures for June delivery fell 0.7% to $4,744.90, reports Reuters. Investors were also mindful of [&he...
The Nigeria stock market traded cautiously last week, even as investors sustained the ongoing rally. Consequently, despite the shortened trading days of the week due to the Easter holidays, capital appreciation reached over N837 billion on the Nigerian Exchange Limited, NGX, reports Vanguard. The NGX market capitalisation, which represents the...
The Supreme Court has affirmed November 22, 2024 judgment of the Court of Appeal in Abuja which upheld an arbitral award against Emerging Markets Telecommunications Services Limited (EMTSL) – doing business as 9Mobile – in favour of two aggrieved investors. The arbitral award, made on September 26, 2022, required EMTSL to refund the $43,033,95...
•Power transmission line The federal government and investors in the Nigerian Electricity Supply Industry (NESI) have expressed differing views on whether state governments currently have the capacity to regulate electricity markets within their jurisdictions. The disagreement surfaced at an event in Abuja marking the 20th anniversary of the N...
The federal government through the Federal Inland Revenue Service (FIRS) said yesterday that it has directed banks, stockbrokers, and other financial institutions to deduct a 10 per cent withholding tax on interest earned from investments in short-term securities. Before this directive, short-term bills were tax-exempt to boost returns for inv...
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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