Newsfront Online …Telling the Public as it is

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 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 ...

No fewer than N70 million cash reward would be doled out to winners of the 5th edition of Wema Bank’s Hackaholics. Hackaholics is an annual tech and innovation competition birthed by Wema Bank in 2019. This groundbreaking annual Hackathon provides ...

Access Holdings, the parent company of Nigeria’s largest bank, Access Bank, has said that it will be going fully digital for its N365bn rights issue. In a notice filed with the Nigerian Exchange Limited, the holding company said it was ...

The World Bank Group and African Development Bank Group are partnering to provide at least 300 million people in Africa with electricity access by 2030. This is as it urged for more clarity in the electricity tariff reforms in Nigeria. ...

Having opened at N1,130 to the dollar on Monday morning, the value of the naira gained strength midday as traders anticipate another round of dollar sales to Bureau de Change (BDC) operators this week. By noon on Monday, the naira ...

The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the ...

Financial firms have reported significant direct losses, totaling almost $12 billion since 2004 and $2.5 billion since 2020, the International Monetary Fund (IMF) has disclosed. In its April 2024 Global Financial Stability Report released recently, IMF stated that attacks on ...