•Finance minister, Wale Edun, meets with key stakeholders in the oil and gas industry in Abuja The Minister of Finance, Wale Edun, has met with key stakeholders in the oil and gas industry, following President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL), to sell crude oil to local refineries in naira...
•Naira notes The Multidisciplinary Finance Professionals (MFP) Group has asked the government to stop the dollarisation of international transactions and floating of the Nigerian currency as part of strategies to address the devaluation of the currency. These were contained in the communiqué of the group at the end of the sixth edition of its ...
•Hoodlums loot the NCC Industrial Park in Kano State The Minister of Communications, Innovation and Digital Economy, Dr. ‘Bosun Tijani, has lamented the destruction of a technology hub in Kano, just days before its scheduled launch. The Digital Innovation Park, designed to support Nigeria’s technical talent accelerator program (3MTT), was repo...
MTN Nigeria Communications Plc reported a loss after tax of N519.1 billion for the first half of 2024, due to record-high inflation and a weaker naira. This disclosure was made in its financial results for the period ending June 2024, according to an e-copy of the report obtained by our correspondent today, reports The PUNCH. […]
•Tinubu and Dangote President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a post via his official X handle today. Onanuga stated that the move...
•Naira notes The Federal High Court sitting in Lagos yesterday dismissed a suit challenging the use of Arabic inscriptions on Naira notes. Justices Yellin Bogoro held that Section 53 (1) of the Banks and Other Financial Institutions Act (BOFIA) empowers the Central Bank of Nigeria (CBN) to print, design and issue the currency and compels [&hel...
•Dollar and Naira notes The importation of manufactured goods into Nigeria surged astronomically by 139 per cent, year-on-year (YoY), to N5.4 trillion in the first quarter of 2024 (Q1’24) from N2.40 trillion in the corresponding period of 2023 (Q1’23). Stakeholders have attributed the development to the depreciation of the Naira and the compet...
•Naira and Dollar Operatives from the Economic and Financial Crimes Commission reportedly arrested some Bureau De Change operators at the popular Wuse Zone 4 market yesterday. This came as traders also said some BDC operators resisted the arrest during a sting operation, reports The PUNCH. The operatives had embarked on routine raids to saniti...
•Dollar and Naira The naira depreciated yesterday to N1,395 per dollar in the parallel market from N1,365 per dollar on Thursday. However, the naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,400.4 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,400.4 per dollar from N1,402.67 per...
•Dollar and Naira The Naira yesterday continued its downward trend against the United States dollar, depreciating to N1,309/$ at the official market and N1,420 at the parallel market. The new rate which indicates a depreciation of N90 or 6.8 per cent from N1,330 quoted by currency traders on Wednesday followed renewed dollar demand pressure in...
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.
© 2026 The Frontier, Published by Okims Media Links Limited.
designed by winnet services
