CHEMICAL & PETRO-CHEMICAL

CHEMICAL & PETRO-CHEMICAL

Local Production of Bitumen
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

The Federal Executive Council (FEC) has approved a new policy on local production of bitumen to further diversify the nation’s economy. The Federal Executive Council (FEC) presided over ...
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Gold Mining
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

President Muhammadu Buhari says improved gold mining operations in the country will generate no fewer than 250,000 jobs and over $500 million annually in royalties and taxes to the Nigerian Government. President ...
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Gold Mining
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

Gold rose beyond the $1,800 per ounce target long eyed as a result of bulls on the commodity as concerns increase over the second wave of COVID-19 infections as well as increasing stimulus measures geared towards mitigating the economic effect of the pandemic. A number of ...
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Gold Mining
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

Gold spot came within $30 of hitting the bull’s eye of $1,800 on Wednesday morning at London’s trading session, with gold spot price hitting near 8-year highs on ...
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Nigerians at Risk of Living Below Poverty Line
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

The World Bank has advised Nigeria to develop its mining sector to help mitigate post-COVID-19 economic shocks, rather than wait for a rebound of oil prices in the ...
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Gold Mining
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

Gold was up on Monday morning in London’s trading session with global investors turning to the safe-haven asset after protesters flooded the streets in America over the death of ...
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Gold Mining
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

Gold was down in London’s trading session on Monday morning, burdened by the rising U.S.-China tensions that have continued to weaken demand for even the safe-haven asset. Gold futures ...
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Illegal Miners Caught in Zamfara
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the ministry is working with the country’s judiciary to prosecute foreign illegal miners caught recently in Zamfara ...
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Gold Prices
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

Gold tumbled as much as 4.5 percent on Friday, as equity markets continued to be under pressure and investors preferred cash, continuing to sell bullion to meet calls ...
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Gold
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

The Nigerian government says it has licensed two solid minerals refineries in the country. Minister of Mines and Steel Development, Olamilekan Adegbite disclosed this to State House Correspondents ...
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Nigeria
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

The Nigerian government has revealed that the country can generate over a billion dollars from Artisanal Mining annually if more emphasis is given to the sector. The country’s ...
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Gold Mining
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

The price of gold consolidates following the semi-annual testimony with Federal Reserve Chairman Jerome Powell, and the precious metal may face a larger pullback as the bullish momentum from the start ...
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Gold Mining
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

Tensions in the Middle East after the killing of a top Iranian general by the United States pushed an index of Asian shares off an 18-month high on ...
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CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

The federal government has expressed its readiness to collaborate with Osun State in the development of the mining sector in the state. The federal government has also assured ...
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Osun State
CHEMICAL & PETRO-CHEMICAL COVER

Osinbajo lauds Oyetola on good governance Osun State has received N100 million from Badger Mines, a Canada-based mining company, as the sign-on fee for exploration and development of ...
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NEITI
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that Nigeria’s solid minerals sector contributed the total sum of N52.75 billion to the federation’s revenue in 2017 fiscal ...
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Gold Mining
CHEMICAL & PETRO-CHEMICAL NEWSLETTER

Gold prices inched lower on Wednesday as some investors booked profit, but the metal remained supported below a three-week peak hit in the prior session as the launch ...
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Gold Mining
CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

Gold prices were flat on Tuesday, after declining more than 1% in the previous session hit by an uptick in risk appetite, while investors awaited meetings by policy-makers ...
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Gold
CHEMICAL & PETRO-CHEMICAL NEWSLETTER

Gold steadied on Tuesday after touching a six-year high as simmering tensions between Washington and Beijing propelled investors towards safe-haven assets. Spot gold was little changed at $1,464.15 ...
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Gold
CHEMICAL & PETRO-CHEMICAL NEWSLETTER

Gold rose to a more than six-year high on Monday, gaining more than 1%, as an escalating trade conflict between the United States and China sent investors scurrying ...
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