Nigeria’s revenue and those of crude-dependent economies will experience a drop as oil prices slide again today, the third day since the start of the week. Drop in prices rode on the back of doubts about the effectiveness of Russia sanctions and a potential OPEC+ output increase, putting pressure on the market, reports Channels TV. […]...
•South African and Nigerian flags Nigeria’s entertainment and media industry is projected to hit $5.8 billion by 2029, driven by digital expansion and youthful audience, according to a new report by PricewaterhouseCoopers (PwC). The report, titled Africa Entertainment and Media Outlook 2025–2029, revealed that Nigeria recorded 11.2 per cent gr...
Seven states spent an average of 190 per cent of their Internally Generated Revenue on debt servicing in the first quarter of 2025, a development that shows the worsening fiscal strain facing subnational governments. Data from the Q1 2025 Budget Implementation Reports of Bayelsa, Adamawa, Benue, Niger, Kogi, Taraba, and Bauchi states show that...
•Indigenous People of Biafra (IPOB) The Southeast region lost more than ₦7.6 trillion to its sit-at-home protests in the first two years of the crisis. A new report by SBM Intelligence titled ‘Four Years of Disruption: Unmasking the Impact of IPOB’s Sit-at-Home Order in Southeast Nigeria’, released today, the amount represented about 50-70 per...
Nigeria’s oil revenue is being threatened by the decline of oil prices below $60 per barrel, reaching levels reminiscent of the devastating downturn experienced during the peak of the COVID-19 pandemic. Brent crude, global oil price, fell by 5.09 percent to $59.62 per barrel at 12.30 PM WAT while US West Texas Intermediate fell by […]
•Naira notes A total sum of N1.411 trillion, being October 2024 Federation Accounts Revenue, has been shared among the Federal Government, States and Local Government Councils. A statement by the Office of the Accountant General of the Federation today, said the revenue was shared at the November 2024 meeting of the Federation Accounts Allocat...
•Tinubu The World Bank has said that the reports submitted by the Nigerian National Petroleum Company Limited (NNPCL) to the Federal Account Allocation Committee (FAAC) were inconsistent, and lacked necessary details on its operations. This was revealed in the bank’s Accelerating Resource Mobilisation Reforms (ARMOR) Report for May 17, 2024, r...
•Aviation Minister Festus Keyamo The decision of the federal government to increase the contributions of aviation agencies to the Treasury Single Account, TSA, from 40 to 50 per cent has triggered fresh panic among operators. Before now, there had been intense debates among experts over the government’s motive to force cost recovery agencies i...
•Real Madrid’s midfielder Jude Bellingham (2nd Left) vies for the ball Bundesliga side Borussia Dortmund announced today that they achieved the highest single-year turnover in the club’s history, generating €509.1 million (£442 million) last season. This figure, excluding transfer fees, represents a 24 per cent increase from the previous...
•Naira notes A total sum of N1.354 trillion June 2024 Federation Accounts Revenue has been shared with the federal government, states and local government councils in the country. The revenue was shared at the July 2024 meeting of the Federation Accounts Allocation Committee (FAAC), held in Abuja and chaired by the Minister of Finance and [&he...
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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