Mining to contribute 3.0% to Nigeria’s GDP by 2025 —Adegbite

By Oke Peter The Nigerian Minister for Mines and Steel Development, Olamilekan Adegbite on Thursday said he had set a target for the mining sector to contribute 3.0% of the nation’s GDP... Read more »

AFC will pioneer early-stage funding of Nigeria’s mining projects —Osam Iyahen

Osam Iyahen is a Director at Africa Finance Corporation (AFC), a leading investment grade infrastructure solutions provider, created by sovereign African states to provide pragmatic solutions to Africa’s Infrastructure deficit and challenging... Read more »

Africa Finance Corporation ‘ll support Nigeria’s mining industry —Begna Gebreyes

The Senior Vice President, Investments, at the Africa Finance Corporation (AFC), Mr Begna Gebreyes, has said that the corporation will continue to support the Nigeria’s mining industry. Mr Begna Gebreyes will be... Read more »

Ajaokuta to begin partial production before end of 2019 —Minister

Jumoke Adelabu – Abuja The Federal Government is making frantic efforts to ensure that some sections of the Ajaokuta Steel Company (ASC) resumes production before the end of 2019. The minister of... Read more »

FG makes N10.97bn in mining fees, royalties in four years

Jumoke Adelabu – Abuja Even though the Federal Government had anchored a significant part of its diversification programme on the mining sector, it made only N10.97bn from fees and royalties paid by... Read more »

2019 elections: Will African countries get investors’ vote?

By Laurie Hammond and Thibaut Hollanders The world, including investors, will keep a close eye on the various national elections to be held in Africa this year. The lead up and aftermath... Read more »

Five killed in South African coal mine gas explosion

Five people have been killed by a gas explosion in an unused coal mine in South Africa’s eastern province of Mpumalanga and several others remain trapped, police said on Thursday. State broadcaster... Read more »

Ministry revokes 4,176 mining titles in 8 years

Damilola Shittu – Abuja The Ministry of Mines and Steel Development said it revoked 4,176 mining titles between 2011 and 2018. The Ministry disclosed this in a report made available to newsmen... Read more »

11 investors bid for Ajaokuta steel

Eleven companies have indicated interest to operate the troubled Ajaokuta Steel Company but the federal government was not yet ready to hand over the facilities. The News Agency of Nigeria (NAN) has... Read more »

Nigeria’s first gold refinery on stream

Nigeria’s first gold refinery being built by Kian Smith Trade & Co Limited is billed to be completed by the end of June next year.There was already a significant monthly supply of... Read more »