Newsfront Online …Telling the Public as it is

As Nigerians continue to grapple under the burden of rising cost of living, the rate at which prices of goods and services in the country continues to rise has refused to abate with inflation rate rising to 31.7 per cent ...

The federal government in the last three months of 2023 raked in N2.33trillion in Value Added Tax (VAT) and Company Income Tax (CIT), a decline from N2.73trillion which it made in the preceding quarter between July and September last year. ...

The Central Bank of Nigeria (CBN) has re-emphasised that banks are barred from paying dividends to shareholders or spend on operating expenses from foreign currency revaluation gains but are expected to set the gains aside. Foreign exchange revaluation gains occur ...

The Central Bank of Nigeria (CBN) is scheduled to hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on Wednesday March 13. Treasury bills (T-bills) are marketable money market securities that raise money for the Government and are also used ...

The federal government has asked cryptocurrency trading firm, Binance, for information on its top 100 users in Nigeria as well as all transaction history for the past six months. According to the Financial Times, the request was made to establish ...

Senators Isa Jibrin (Kogi West), Sahabi Ya’u Alhaji (Zamfara), Adamu Aliero (Kebbi Central) are among lawmakers that will unravel the mystery behind the spending of the Central Bank of Nigeria (CBN) Ways And Means spending in the anchor borrowers programme. ...

Neveah Limited has announced a substantial salary increase for all its employees to cushion the prevailing harsh economic condition in the country. This unconventional move came on the heels of the financial hardships faced by many workers due to the ...

Vice President Kashim Shettima on Thursday inaugurated the Intergovernmental Committee on Carbon Market Activation Plan in the bid to create a blueprint to drive an efficient sustainable carbon market ecosystem. This is in fulfillment of the promise made by President ...

The Central Bank of Nigeria (CBN) has again raised the exchange rate for calculating Customs duties at the nation’s seaports by 1.1 percent after a few days of stability. The Customs duty rate was reviewed upwards from N1, 544.081/$ to ...

Binance, a cryptocurrency trading platform, has said that it will discontinue all Naira services by March 8, 2024. This is coming on the heels of the recent clampdown on its operations and officials by Nigerian regulators. Recall that the special ...