NNPC Seeks To Acquire 20% Stake In Dangote Refinery       The Nigerian National Petroleum Corporation (NNPC) has expressed interest in purchasing a 20 per cent minority equity stake in Dangote Refinery, Lagos, reputed to be Africa’s biggest oil refining facility and the world’s largest single-train plant. The...

Experts Fault Naira Devaluation, Say Poverty Level Will Rise       Against the backdrop of the recent devaluation of the naira by the Central Bank of Nigeria, economic and financial experts have said the poverty level in the country will increase. The Economic Confidential had reported on Wednesday...

CBN Devalues Naira To N410.25/$1         The Central Bank of Nigeria (CBN) has devalued the naira to N410.25 to dollar. The devaluation of the local currency was confirmed by the adoption of the Nigerian Autonomous Foreign Exchange Rate (NAFEX), also known as the Investor and Exporter (I&E)...

CBN Retains Lending Rate, Says Economic Recovery Still Fragile       The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, who disclosed this after the committee’s two-day meeting in Abuja also...

Fire Service: Expenditures on Training, Capacity Building followed Due Process- Investigations. …Fire Service on IPPIS The Federal Fire Service(FFS) has diligently followed due process in its expenditure on training and capacity building in the course of the more than two years of the current regime of...

Unpaid Minerals Export Royalties to Federation Account hit N17.12bn The Federal government has said that outstanding unpaid royalties from Minerals export between 2013 and 2017 to the Federation Account amounted to N17.12billion. The Minister of Mines and Steel Development, Olamilekan Adegbite disclosed this during the consultative...