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 ...
Data obtained by the Major Energies Marketers Association of Nigeria (MOMAN) yesterday indicated that the landing cost of a litre of imported petrol increased by ₦88 in one week. The association confirmed the rise in the landing cost in its daily energy bulletin released yesterday, arguing that price changes are inevitable in a deregulated mar...
•Cooking gas depot As Nigerians struggle with the high cost of petrol, the price of Liquefied Petroleum Gas, also known as cooking gas, has also increased to N1,500/kg. But the Managing Director/Chief Executive Officer of NIPCO Plc, Suresh Kumar, said the Dangote refinery and other domestic refineries would bring down the price of cooking gas,...
Nigeria’s unemployment rate grew by 1.2 percentage points to 5.3 percent year-on-year, YoY, to 5.3 percent in the first quarter of 2024 (Q1’24) from 4.1 percent in Q1’23. The National Bureau of Statistics,NBS, disclosed this today in its Nigeria Labour Force Survey Report. The bureau said: “The unemployment rate for Q1 2024 was 5.3%, showing [...
Many residents of Warri and Uvwie local government areas in Delta State have expressed dismay over why a lady in her 30s would commit suicide. They wondered why she would deliberately jump down from the Ekpan flyover that resulted in her death penultimate Saturday, reports Sunday Vanguard. Although some blamed it on depression or frustration, ...
•Rising oil prices Oil prices surged more than three percent in early Asian trade today following unconfirmed reports of explosions in Iran, Syria and Iraq, sparking fears of an escalation of the Middle East crisis. West Texas Intermediate jumped 3.66 percent to $85.76 and Brent rose 3.44 percent to $90.11. The reports come after a […]...
•Lagos lagoon A tragic incident occurred in Lagos State, as a woman identified as Nimotalahi Ishola Folashade, an outpatient of Alimosho General Hospital, committed suicide by drowning. The incident took place when she was one of the twelve passengers on a boat, and she reportedly removed her life jacket before jumping into the river, reports ...
•Bags of rice The average price of 1kg of local rice sold loose jumped by a whopping 98 per cent in one year, according to data obtained from the Nigerian Bureau of Statistics (NBS). The report ‘Selected Food Prices Watch (January 2024)’, said the rise indicated a rise of 98 per cents in price on […]
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N202.48 in November 2022 to N648.93 in November 2023. NBS said this in its Petrol Price Watch for November 2023 released in Abuja yesterday. It stated that the November 2023 price of N648.93 represented a 220.49 per […]
The total domestic debt stock may have risen by 133.95 per cent to N51.96tn as of the end of 2023. This is based on new revelations by the Director-General of the Debt Management Office, Patience Oniha. While speaking to CNBC Africa on the sidelines of the discussions for the establishment of the African Debt Managers […]
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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