Newsfront Online …Telling the Public as it is

The International Monetary Fund (IMF) has trimmed its economic growth projections for Nigeria, citing a weaker outlook for neighbouring South Africa and broader global headwinds. The revised forecast, unveiled in its January World Economic Outlook Update, sees Nigeria’s economy expanding ...

Experts have advocated listing the Nigerian National Petroleum Company (NNPC) Limited on the Nigerian Stock Exchange (NGX) to strengthen its accountability. NNPC had, on Thursday, released its financial statements, which development experts stressed, demonstrated, to a large extent, a new policy ...

…No public funds withheld – Kyari …Ways and Means, real culprit behind currency slide – Economist … ‘Why Naira may appreciate before year end’ Economists and industry stakeholders have offered divergent views on how to halt the slide of the ...

The Nigerian Exchange Ltd. (NGX) recorded a N138 billion growth on Friday, driven by continued investors’ buy interest in stocks of Tier-one banks. Specifically, the market capitalization, which opened at N55.900 trillion, rose by N138 billion or 0.25 per cent ...

Following the CBN’s directive on strengthening Know Your Customer (KYC) procedures for Tier 1 accounts, fintech company, PalmPay, is encouraging users who have not yet complied with the requirements to do so promptly. Since the introduction of the directive last ...

Former Vice President Atiku Abubakar has described as ‘confounding’ a $3.3 billion emergency crude repayment loan secured by the Nigerian National Petroleum Company Limited (NNPCL) and facilitated by African Export-Import Bank (Afrieximbank) in 2022. LEADERSHIP reports that the landmark loan ...

The Nigerian Ports Authority (NPA) and the Nigeria Customs Service (NCS) have pledged to work together to deepen trade facilitation and drive exports as part of measures to support the federal government’s economic diversification effort. They made the pledge yesterday ...

…Works on price discovery for local currency The governor of the Central Bank of Nigeria Olayemi Cardoso has said the apex bank is collaborating with the ministry of finance and the NNPC to ensure that all forex inflows are returned ...

The Osun State governor, Ademola Adeleke, has approved the release of N1billion to the Osun Cooperative and Micro-Credit Agency for onward disbursement to Small and Medium-sized Enterprises (SMEs) and cooperative societies in the state as a Revolving Loan Scheme at ...

The domestic bourse appreciated further on Tuesday, causing the market turnover on the Nigerian Exchange Ltd. (NGX) to rise by 12.97%. Market activities revealed that 747.51 million shares valued at N16.28 billion were exchanged in 16,589 deals. As a result, ...