Newsfront Online …Telling the Public as it is

Afrexim Bank is currently working out details to determine the volume of crude oil the Nigerian National Petroleum Company Limited is willing to give out in exchange of its loan request. The bank is tapping oil traders to finance a ...

The National Information Technology Development Agency (NITDA) has cautioned Nigerians to be wary of any giveaways on social media, especially, cryptocurrency giveaways. NITDA, in an advisory released on Monday said, this scam which is being perpetrated mainly on the short ...

Nigerian Exchange (NGX) Regulation Limited has announced the release of the ‘Code of Conduct for Approved Persons of Trading License Holders’ of NGX, in keeping with its commitment to promoting high professional standards and ethical conduct within the capital market. ...

Investors at the Nigerian stock market continued to tread cautiously by taking further sell positions on Tuesday as weaker naira pains. The sell-side pressure seen at the Nigerian stock market fuelled the record decrease by 0.34 per cent or N126 ...

Consumers’ low purchasing power occasioned by the surging inflation rate in Nigeria is making many products unaffordable as manufacturers’ inventory of unsold finished goods rose by 45.4 per cent in one year, according to the Manufacturers Association of Nigeria (MAN). ...

TWENTY-Three  Nigerian states grew bilateral loans by 64.26 per cent in six months to $462.81m as of the end of June. Most of the loans were taken from China, India, France and other countries. This was despite the persistent fall ...

The Executive Vice-Chairman, Nigerian Communications Commission, Prof. Umar Danbatta has said that telecoms investment inflow grew from $38 billion to $77 billion by the second quarter of 2023 Danbatta, who made the disclosure at a media chat with stakeholders in ...

President Bola Ahmed Tinubu has appointed a First Class accountant, Zaccheus Adedeji, as the acting chairman of the Federal Inland Revenue Service (FIRS). Accordingly, the president announced Adedeji as a replacement for Mohammad Nami. A statement issued yesterday by presidential ...

The country was trapped in commodity dependence, a situation that was no longer sustainable for revenue generation to support its fiscal deficits. Nigeria’s dependence for revenue on oil was deep-rooted, leaving the non-oil sector, especially tax revenue potentials untapped. Despite ...

The Vice President, Kashim Shettima has said that despite efforts by governments across different levels, Nigeria’s housing deficit remains huge as N21 trillion will be required to effectively bridge the gap. The Vice President stated this on Saturday in Sokoto ...