•Tinubu The federal government has granted a waiver on import duties for mass transit buses, electric vehicles, and manufacturing machinery. The development followed President Bola Ahmed Tinubu’s directive to key economic officials to design measures to cushion the impact of the ongoing Middle East crisis on Nigerians, particularly amid rising...
•Fuel pump The growing crisis in the Middle East is tightening the noose around Africa’s fuel supply chain, with many countries now running on just weeks of refined petroleum products as key import routes come under severe strain. This follows escalating tensions linked to the Iran war, which has significantly disrupted shipments through the S...
The Nigerian Economic Summit Group (NESG) has stated that Nigeria has the potential to benefit from the conflict between the United States/Israel and Iran, potentially earning between N2.3 trillion in a short-term shock and up to N30 trillion if the conflict persists. The NESG, however, said in a policy brief published today that this will [&h...
•Erin Ijesha waterfall in South West Nigeria The escalating crisis in the Middle East is sending shockwaves across the global travel and tourism industry. Given the region’s traditional significance to the Nigerian travel and tourism market, stakeholders said the current disruption is a wake-up call for all, reports The Guardian. The ongoing w...
•US and China flags Chinese state-run refiners are considering resuming crude imports from the United States after a nine-month suspension, driven by the ongoing supply crisis in the Middle East, S&P Global’s Platts reported on March 9. S&P Global reports that the additional 20% tariffs on US crude remain in place, but analysts and ref...
The federal government, through the Nigerian Christian Pilgrim Commission (NCPC), yesterday announced the immediate suspension of all pilgrimages to Israel due to the security situation in the Middle East. Bishop Stephen Adegbite, the Executive Secretary of the NCPC, made this known in a statement signed by Mr Celestine Toruka, the Deputy Dire...
•Kaduna Refinery The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has once again emphasised the urgent need to consolidate and strengthen Nigeria’s domestic refineries through the provision of adequate and consistent crude oil supply. The call came on the heels of the crisis in the Middle-East that has affected 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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