White smoke billowed from the chimney of the Sistine Chapel today, signalling that cardinals locked inside have elected a new leader for the world’s 1.4 billion Catholics. Thousands of pilgrims and curious onlookers in St Peter’s Square cheered and applauded as the smoke appeared and bells began to ring, indicating the 2,000-year-old instituti...
•Dollar and Naira notes The depreciation of the local currency against the dollar continued yesterday as the naira exchanged for 1,540.57 at the official market. This is coming against the backdrop of the increasing demand for dollars, which has seen the naira losing value against the foreign currencies, reports Daily Trust. The Central Bank o...
The death toll from Cyclone Jude that hit northern Mozambique last week has risen to at least 16 people, according to a new toll released yesterday by the national Institute of Meteorology. At least two people are still missing and nearly 60 have been injured, it said, reports Sunday Guardian. Cyclone Jude hit the country’s […]
Nigeria’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97 per cent (N8.02tn) compared to N134.3tn in June 2024. The debt, comprising external and domestic obligations, reflects the significant impact of exchange rate depreciation on external borrowings when converted to naira terms, reports ...
•Damaged homes after the cyclone Chido hit the archipelago yesterday Cyclone Chido killed at least 94 people in Mozambique in its deadly rampage through the Indian Ocean last week, the country’s disaster management agency said yesterday, raising a previous death toll of 76, reports AFP. The cyclone, which devastated the French island territory...
•Unsold goods in a warehouse The declining purchasing power of consumers has led to a 357.57 per cent rise in the inventory of unsold finished products of manufacturers in Nigeria to N1.24 trillion in the second half of 2024 (H1’24) compared to N271 billion recorded in the same period last year (H1’23). The Manufacturers Association […]...
•Jigawa explosion scene A total of 167 persons have so far lost their lives following Tuesday’s fuel tanker explosion in Majiya town in the Taura Local Government Area of Jigawa State. The Jigawa State governor, Umar Namadi, made the disclosure when the Kano State Governor, Abba Yusuf, paid him a condolence visit at the Government […]...
The net foreign exchange inflows to Nigeria’s economy rose by 67.8 percent to $27.6 billion in the first half of 2024 (H1’24) from $16.44 billion in the corresponding period of 2023. This development was driven by 34.6 percent, Year-on-Year, YoY, increase in net forex inflow through autonomous sources and 170 per cent YoY increase in […...
Five more people in Rwanda have died of the deadly Ebola-like Marburg disease, bringing the number of fatalities to 11, the health ministry said late yesterday. With a fatality rate of up to 88 per cent, the highly infectious hemorrhagic fever is often accompanied by bleeding and organ failure, reports AFP. Some 29 people have […]
•Fuel queue in a petrol station Many depots for Premium Motor Spirit, popularly called petrol, are currently dry, leading to fuel scarcity and attendant queues in Lagos, Ogun, parts of Abuja, Niger, and some other states across the country. Black marketers have taken advantage of the situation, selling as high as N1,300 per litre and […...
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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