The Manufacturing companies recorded N1.5 trillion in foreign exchange-related losses in the first six months of the year, following the impact of the unsettled forward contracts worth $2.4 billion by the Central Bank of Nigeria, CBN. Consequently, the Manufacturers Association of Nigeria (MAN), warned that the continued non-redemption of the ...
No fewer than seven suicide cases were recorded among university students in the country within the last six months. According to newspaper reports reviewed by our correspondent within the period, the undergraduates, comprising men and women, took their own lives between January and June this year, reports Daily Trust. The figure excluded othe...
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 […]
•Aliko Dangote Chairman of the Dangote Group, Aliko Dangote, has said the Nigerian economy can be turned around in a few months. Addressing State House Correspondents after the inauguration of the Presidential Economic Coordination Council (PECC) by President Bola Tinubu, Dangote said the Public and private sectors would work together to revam...
•Nigerian Presidential Airforce plane The federal government, under the administration of President Bola Tinubu, disbursed a total sum of N14.77bn for the repair and maintenance of the presidential air fleet in 11 months. The payments, made in 11 tranches between July 16, 2023 and May 25, 2024, were processed through the State House headquarte...
Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), the Debt Management Office (DMO) said yesterday. The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Nigeria’s debt rose by ₦24.33 trillion within three months – from ₦97.34 trillion ($108.23 billion) in De...
•Binance Founder, Changpeng Zhao The founder of cryptocurrency firm, Binance, was sentenced to four months in US prison yesterday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed. Changpeng Zhao, a Canadian, resigned from his post at the world’s largest cryptocurrency ex...
•Gunmen At least 2,583 people were killed and 2,164 kidnapped in the first quarter of this year, a data from Beacon Security and Intelligence Limited, a security risk management and intelligence company based in Abuja, has shown. The data, which recorded the number of killings and abductions across the country from January to March, showed [&h...
Four of the 13 former governors in the Senate and 21 other senators have not sponsored any bill since June 13, 2023 when the 10th National Assembly was inaugurated, findings have shown. The ex-governors in the Senate are Senate President Godswill Akpabio (Akwa Ibom), Aliyu Wammako (Sokoto), Abdulaziz Yari (Zamfara), Aminu Tambuwal (Sokoto), Ad...
•Fuel subsidy removal Ten months after the removal of petrol subsidy by President Bola Ahmed Tinubu, the federal government has not rolled out electric vehicles as promised. Millions of Nigerians are grappling with the high cost of transportation in the aftermath of the fuel subsidy removal, reports Daily Trust Experts say productivity in work...
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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