A bill seeking to establish the Nigerian Mineral Development Corporation (NMDC) has scaled second reading at the senate. The agency would cost N5 bill
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Nigeria has taken a final investment decision, FID, on the $3bn Brass Fertiliser Project, the Nigeria National Petroleum Corporation said on on Friday
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Vice President Yemi Osinbajo met with investors in the oil industry on Tuesday to examine ways to reduce the cost of production of crude oil and make
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The pump price of Premium Motor Spirit (PMS), popularly known as petrol, may hit ₦180 per litre sometime in December 2020, according to marketers, as
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Nigeria may face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers have been ordered to down tools nationwi
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The Deputy Senate President, Senator Ovie Omo-Agege, yesterday kicked against the recent sale of gold bar by Governor Bello Matawalle of Zamfara State
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Gold prices drifted lower on Thursday. Gold traders await the speech from U.S. Federal Reserve Chairman, Jerome Powell scheduled to hold later today,
Read MoreThe yellow metal was down on Thursday morning at the start of London’s trading session falling far below the $2,000-mark over the strengthening U.S do
Read MoreGold prices were up on Tuesday morning at Asia trading session, buoyed by a weaker dollar. However, a tech-driven rally in the world’s largest economy
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The issue of lack of data generation in the Nigerian Mining sector will become a thing of a past as Federal government has embarked on a project to bo
Read MoreGold prices dropped sharply on Wednesday at London’s trading session. Gold futures were down 2.69% to trade at about $1,893.20 as at the time this rep
Read MoreNigeria is set to commence gold production in 2021 after the launch of the Segilola Gold Project in Osun state. The Honourable Minister of Mines and S
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The Federal Executive Council (FEC) has approved a new policy on local production of bitumen to further diversify the nation’s economy. The Federal Ex
Read MorePresident Muhammadu Buhari says improved gold mining operations in the country will generate no fewer than 250,000 jobs and over $500 million annually
Read MoreGold 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 inf
Read MoreGold 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-ye
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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
Read MoreGold was up on Monday morning in London’s trading session with global investors turning to the safe-haven asset after protesters flooded the streets i
Read MoreGold 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
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The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the ministry is working with the country’s judiciary to prosecute foreign il
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