•Forex Bureau De Change operators have announced shut down of operations in Abuja as a result of unavailability of dollars. This was announced by the association’s Chairman, Abdulahi Dauran, yesterday, reports Daily Trust. The naira closed at an all-time low of N1,482 against the United States dollar on the official window on Tuesday while on ...
•Port Harcourt Refinery As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refi...
•CBN Governor Yemi Cardoso Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions, the Central of Nigeria has disclosed. Withdrawals from these accounts will only be possible by transfer or through a manager’s cheque, the apex bank explained. It revealed this in a new ‘Guidelines on Operations of...
Determined to ensure recovery of unremitted funds at Warri Port, the recently contracted pilotage firm by the federal government, Escravos Ship Pilot Nigeria Limited (ESPNL), has decried sharp practices carried out in collusion with operators of oil service boat operators, denying Nigerian Ports Authority (NPA), millions of naira in revenue. T...
The Central Bank of Nigeria (CBN) has threatened to sanction banks and Point of Sales (POS) operators found to be complicit in the current Naira scarcity crisis. The apex bank, in a statement yesterday, urged members of the public to report infractions, especially hoarding of Naira by Banks and POS operators, in their areas to […]
The Nigeria Civil Aviation Authority (NCAA) has advised Pilots and Airline Operators to exercise caution over hazardous weather in the dry season. This warning was contained in a release by the Nigerian Meteorological Agency (NiMET) on weather alerting the public on the possibility of deterioration in visibility as a result of observed dust ha...
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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