De-risking Nigeria’s solid minerals sector for foreign investments
Stakeholders familiar with activities in the solid minerals industry note that the sector is capable of generating a yearly revenue of $60 billion if properly harnessed.
Gold prices snap four-day losing streak; focus on ECB meeting
Gold prices edged up on Wednesday, snapping a four-day losing streak on technical buying, amid expectations that the European Central Bank (ECB) will dole out stimulus and cut interest rates.
Mansa Musa: The Richest Man That Ever Lived
The debate about who the richest man never range far from Jeff Bezos, Bill Gate and Warren Buffet. However, these men’s wealth cannot hold a candle to Mansa Musa whose extravagance was so much that it wrecked a country. Who is Mansa Musa? In 1312, Mansa Abu-Bakr abdicated the Malian Empire in order to…
Expert wants FG to reduce royalty on gold, others
Alhaji Sani Shehu, the former President, Miners Association of Nigeria (MAN) has appealed to the Federal Government to reduce high royalties...
Key to the triumphant life - Part 2
This New Year, if we expect to please God and receive great blessings from Him, we must, like Daniel in the Bible, insulate ourselves from any action or conduct that is abhorrent in His sight. In preserving himself holy and acceptable to God while training in Babylonian school and living in the world’s capital pagan…
FG lays foundation of gold refinery in Ogun
The Federal Government yesterday laid the foundation of the first gold refinery in Mowe, Ogun State, to enhance the country’s sustainable economic growth. Minister of State for Mines and Steel Development, Abubakar Bwari, who performed the ceremony in Mowe, said government and promoters of the refinery identified gold as a strategic commodity. Bwari commended the…
‘Nation imports $3.3b steel products yearly’
Minister of State for Mines and Steel Development, Abubakar Bwari, has said Nigeria imports $3.3 billion worth of steel and associated derivatives yearly. Addressing the 16th Mines and Money in London, the minister explained that “we needed 17 million tons, but local production of the products was mere 2.2 million per annum.” According to him,…
EFCC Intercepts N211m Gold at Lagos airport
Operatives of the Economic and Financial Crimes Commission (EFCC) have intercepted gold worth about N211 million being illegally transported through the Murtala Mohammed International Airport, Lagos.
Ethiopia could be sitting on one of world’s great untapped gold deposits
To the west of Ethiopia near the Sudanese border lies a place called the Asosa zone. This may be the location of the oldest gold mine in the world. Dating back some 6,000 years, it provided a key source of gold to the ancient Egyptian empire, whose great wealth was famous throughout the known world.…
Demand for gold plunges after Trump win
Global gold demand fell 18 percent in the first quarter from a year earlier as US investors abandoned the precious metal after Donald Trump's election win, industry figures showed Thursday.
Gold shines in 2016 on keen investment demand
Demand for gold rose in 2016 to a three-year high, aided by keen investment appetite for the precious metal, the World Gold Council said Friday in a report.