Newsfront Online …Telling the Public as it is

The recent decision by the Yemi Cardoso-led Central Bank of Nigeria (CBN) to lift foreign exchange restrictions on 43 previously banned food and non-food items sheds light on one of the fundamental leadership challenges we face – policy flip-flops and ...

First Bank of Nigeria Limited has launched another fully automated branch, the FirstBank Digital Experience Centre (DXC), in Wuse, Zone 2, Abuja. chief executive officer of FirstBank, Dr. Adesola Adeduntan, (CEO),  led other management staff members and some employees of ...

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has cautioned defaulters of ground rent in the territory to immediately take steps to pay their outstanding liabilities, warning that at the end of the grace period, he would match words ...

The Naira suffered further depreciation to a record low of N1,235 per dollar yesterday, following strong demand on the parallel market, also known as black market. This represents a 2.06 per cent (N25) weaker value than the N1,210 recorded on ...

The Lagos division of the Tax Appeal Tribunal has ordered MTN Nigeria Communications to pay the Federal Inland Revenue Services (FIRS) $72,551,059 million tax default. The five-person panel led by Professor Abubakar Hamed, however, declined to impose penalties and interest ...

Alphaden Energy & Oilfield Limited has inked a $60 million loan facility deal with African Export-Import Bank (Afreximbank), for the construction of a 20 million standard cubic feet per day gas processing facility in Bayelsa State, Nigeria. The 7-year term ...

Transparency in mineral title administration is a determinant factor in the level of development witnessed in Nigeria’s mineral and mining sector, the federal government has said. The director general of the Nigeria Mining Cadastre Office (NMCO), Engineer Obadiah Nkom, made ...

Acting chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has allayed fears being expressed by corporate organisations that the resolve of FIRS to increase the country’s tax-to-GDP ratio to 18 per cent from the current 10.86 will lead ...

Africa’s commodities player, AFEX has unveiled its updated pricing methodology for its business unit to unlock finance for the $1 trillion Commodity Market. The implementation of the price methodology fills a gap in formalising participation in the Nigerian commodities ecosystem, ...

Nigeria’s naira closed trading at a record low of N848 per dollar on the official market yesterday, according to data from FMDQ, as dollar shortages persist. That’s nine percent lower than the closing rate of N778/$ on Monday, representing the ...