Newsfront Online …Telling the Public as it is

…Manufacturing sector suffers setback | Naira heads for worse, puts pressure on foreign reserves The Central Bank of Nigeria (CBN) has lifted the ban on 43 food and non-food items previously restricted from accessing foreign exchange from the official window, ...

Nigeria’s growth forecast has been revised downward to 2.9 per cent for 2023 before a slight improvement to 3.1 per cent next year due to weaker oil and gas production in the country. This is the International Monetary Fund (IMF) ...

The latest Africa Trade Barometer has revealed that Nigeria has moved up four positions from eighth to forth in the country rankings. The Stanbic IBTC Holdings Plc shared some of its latest findings from the Africa Trade Barometer 2023 Issue ...

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 ...