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 »

Nigeria imports $3.3bn steel product

Damilola Shittu – Abuja Minister of State, Mines and Steel, Abubakar Bwari, has said Nigeria still imports an estimated $3.3 billion worth of steel and associated derivatives annually. Bwari said at the... Read more »

Investments in coal risky, billions in assets could be stranded –Report

By Darrell Proctor A study from a London-based group focused on financial aspects of the energy industry said up to $60 billion of coal-fired power generation assets may be stranded in South... Read more »

Anxiety as 3.0MIS tremor hits Abuja

John Paul – Abuja A fresh round of tremor measuring 3.0 Mercalli Intensity Scale, MIS, hit Maitama District in Abuja on Thursday, Nigerian Geological Survey Agency, (NGSA), has disclosed after receiving distress... Read more »

‘Ajaokuta Steel project requires $652m to be operational’

Genera Manager, Engineering Services of Ajaokuta Steel Company, Babajide Suru, says another $652million would be required to complete the project. The Punch has reported. Suru also disclosed that about $6billion has already... Read more »