The federal government is developing investment framework to channel private funding into the expansion and stabilization of the national grid, as part of efforts to ensure stable and adequate electricity supply. Minister of Power, Chief Adebayo Adelabu, in an exclusive interview yesterday, said that the government has started developing terms...
To end the frequent collapse of the national grid, which it described as “old and weak”, the federal government has unbundled and offered it for privatisation. Minister of Power Adebayo Adelabu stated this yesterday while reviewing the government’s activities in the electricity sector, reports The Nation. He spoke during his appearance at the ...
Investors’ apathy persists at Nigerian Exchange Limited (NGX), prolonging the equities market’s bearish trend for the fourth consecutive week. As risk aversion prevailed last week, the market suffered a N1.4 trillion loss year-to-date (YTD), fuelling concerns about prolonged negative sentiments in the equity markets, reports The Guardian. At t...
The Nigerian stock market has recorded a downturn performance, closing lower in three of the five trading sessions last week, as investors reacted to the previous week’s lower-than-expected inflation data, which triggered a selloff in banking stocks. It would be recalled that the National Bureau of Statistics, NBS, in the previous week Thursda...
After three years in operation, Nigerian education technology startup Edukoya has ended operations, saying poor infrastructure and economic challenges made it impossible to scale. The startup which secured Africa’s largest pre-seed funding of $3.5 million in 2021, said it will return capital to investors rather than persist in what it describe...
The Centre for the Promotion of Private Enterprise (CPPE) yesterday lamented that the rising inflationary trend in Nigeria is eroding the profit margins of investors as well as manufacturers. In a statement signed by the Director/Ceo of the CPPE, Dr Muda Yusuf, the group said that the surge in petrol prices has further exacerbated the [&hellip...
•Bismarck Rewane Renowned economist, Bismarck Rewane, says the 70% windfall tax imposed on banks is punitive and will deter investors. “Don’t forget that the corporate income tax is about 30%. So, this is a very punitive tax,” he said on Channels Television last night. “It discourages investors who say that if I lose money, I […]...
•Education minister, Prof Tahir Mamman The federal government has denied reports that it is selling off public universities to private investors. The Minister of Education, Prof Tahir Mamman, said there has been misinformation on one aspect of the ministry’s policy in respect to tertiary education, reports Daily Trust. The minister who stated ...
Crypto investors lost $664m to hackers in the first half of the year, marking a more than 50 per cent increase compared to the same period last year, according to data from DefiLlama. The largest aggregator for decentralised finance stated that the bulk of those losses came from phishing attacks and compromised private keys, reports […]
•(From left): Brazil’s President Luiz Inacio Lula da Silva, China’s President Xi Jinping, South African President Cyril Ramaphosa, Indian Prime Minister Narendra Modi and Russia’s Foreign Minister Sergei Lavrov raise their arms as they pose for a group photograph, at the BRICS Summit in Johannesburg Some former envoys have said that the...
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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