Mines secures $13m to grow emerging markets’ digital credit platform
Mines, a fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13 million led by The Rise Fund, a global fund managed by TPG Growth, to intensify talent acquisition, continued growth in Africa, and expansion to South America and South-East Asia.
‘Why Nigeria isn’t making fortunes from mining’
The Nigerian Society of Engineers (NSE), Kaduna State branch, on Tuesday, rose from its quarterly review meeting, explaining why Nigeria has not been making fortunes from its abundant natural resources over the years, especially in mining sector. Among others, the engineers believed that Nigeria got it all wrong around 1972 with indigenisation policy that stipulated…
2017 Budget: FG appropriates N12.9bn to mines, steel ministry
The Federal Ministry of Mines and Steel Development is to spend about N12.9 billion for capital expenditures in 2017, against N7.3 billion appropriated for similar projects in 2016.
Ministry targets 27bn dollars contribution to GDP by 2025
The Ministry of Mines and Steel Development says it will contribute 27 billion dollars about (N9.7trillion) to the Gross Domestic Product (GDP) by 2025.
Government targets 300,000 jobs from mining sector
The mining sector would provide over 300,000 jobs and millions of indirect employment for Nigerians before the end of the year, the Minister of Mines and Steel Development, Dr. Kayode Fayemi has said.
Mining activities and tectonic ripples
For so many years, illegal and unregulated mining activities have gone on in Nigeria to the disadvantage of the country and now, it is beginning to look like mother nature is whispering its disagreement for our indiscretion in this regard.
Nigeria consolidates workable regulation for mining industry
The Minister of Solid Minerals Development, Dr. Kayode Fayemi, who made these known at International Mining Investment Conference, IMICON 2016, said the conference fits into the ministry’s strategic objectives to reposition the mining industry.
They call it regional integration
A few days before he was killed, the then Premier of Northern Nigeria, Sir Ahmadu Bello, (1909-1966), Sardauna of Sokoto incorporated a company called the New Nigeria Development Company.
Nigeria and South Africa in search of prosperity in mining - Part 2
We will work towards stoking aggregate demand and restructuring entire swathes of our societies to prepare them for the next generation of jobs, and delivering a joined up locomotive of growth.