Newsfront Online …Telling the Public as it is

Ahead of the April 30, 2024 deadline that the Central Bank of Nigeria(CBN) gave banks in the country to submit their recapitalisation plans, some banks have begun moves to get shareholders’ approval to raise additional capital. The CBN had, last ...

The federal government has ordered the resale of electricity Distribution Companies (DisCos) under the management of banks and the Asset Management Corporation of Nigeria (AMCON) within three months, to reputable technical power operators.   LEADERSHIP checks revealed that five DisCos ...

The Nasarawa State governor, Abdullahi Sule, has disclosed that the state was in collaboration with the National Agency for Science and Engineering Infrastructure (NASENI) for the utilisation of Lithium produced by the state as a raw material for the production ...

The Central Bank of Nigeria (CBN), has adjusted the Customs exchange rate for clearance of cargoes at the nation’s seaports and airports from N1,238/$1 to N1,150/$1. According to data on Nigeria’s trade hub, the exchange rate has been adjusted by ...

The Inspector of General of Police, IGP Olukayode Egbetokun, has said that instead of creating a State Police structure, the Nigerian Security and Civil Defence Corps (NSCDC) and the Federal Road Safety Corps (FRSC) should be merged as a Department ...

Wednesday, April 24, 2024, His Excellency, Pastor Umo Eno, the compassionate and people – oriented Governor of Akwa Ibom State will be celebrating his 60th Birthday Anniversary and owing to his compassionate disposition, His Excellency has directed that all gifts ...

The Securities and Exchange Commission (SEC) will soon issue appropriate guidelines to facilitate an efficient capital raising process for the proposed recapitalisation of banks in the country. This is even as SEC approved five infrastructure fund shelf programmes totaling N1.5 ...

The Minister of finance, Wale Edun said the federal government has qualified for processing a 40-year term loan with a 10-year moratorium, which he described as ‘virtually a grant’ of $2.25 billion from the World Bank at one percent interest ...

An exciting chapter in Abuja’s recreational landscape is set to unfold as Monoliza Sport Centre prepares for its grand launch on Saturday, April 27, 2024. Vice President Kashim Shettima will grace the occasion as the Special Guest of Honour, marking ...

Nigerian music star, David Adeleke, popularly known as Davido, has partnered with a US distribution company, UnitedMasters, to launch a new label, Nine+ Records. The ‘Unavailable’ crooner, in an interview with Billboard, said he aims to expand the label beyond ...