Industry news

Industry News

Thor Explorations to build Nigeria’s first large-scale gold mine
Canada-listed junior miner Thor Explorations (TSX-V:THX) is getting ready to begin construction at its Segilola project in Nigeria, poised to become the country’s first large-scale gold mine.
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Nigeria bans barite importation
The Minister of Mines and Steel Development, Architect Olamilekan Adegbite, has disclosed that Federal Government will soon ban barite importation into the country.
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BUA Group acquires majority interest in construction, mining giants, P.W. Nigeria Ltd
BUA Group has announced its acquisition of majority shareholding in P.W. Nigeria Limited, one of Nigeria’s leading construction, engineering and mining companies.
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 Nigeria: Government, States strategize to attract FDIs and boost IGR
The federal and state governments have forged a partnership to enhance their drive for foreign investments as well as boost internally generated revenue (IGR).
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Amanda Obidike is helping youth in Africa find opportunities through STEM
Eight years ago, Nigerian Amanda Obidike was unemployed and demotivated, but after using STEM skills to create a career for herself, she'snow works to give those same opportunities to young peopl...
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Developing Abuja's communities
The Federal Capital Territory (FCT) Community and Social Development Project (CSDP) is a World Bank finance assisted project. In this interview with PREMIUM TIMES’ Business reporter, Oge Udegbun...
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 Nigeria earns N400b from solid minerals in 12 years
A Nigeria Extractive Industries Transparency Initiative (NEITI) report yesterday showed that the industry posted N69.47 billion to the Federation Account in 2018, the highest during the period under r...
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Moshe Capital seeks investment in Africa
The Company was developed to undertake acquisitions of businesses (either shares or assets) that are involved in natural resources exploration.
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Nigeria sets ambitious target for mining sector growth
Nigeria expects its mining sector to grow to 3% of gross domestic product (GDP) within the next five years from just 0.3% currently as the government seeks to diversify the economy away from oil, the ...
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World Bank Approves $2.2 Billion for Projects in Nigeria
The World Bank approved six projects worth about $2.2 billion to support Nigerian human capital and economic development in 2020.
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Nigeria approves $268 million to back entrepreneurs, innovators
Nigeria approved disbursing $268 million in funding to support agricultural entrepreneurs and young technology innovators, Vice President Yemi Osinbajo said.
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Nigeria’s government licenses two gold refineries
Nigeria’s government has licensed two gold refineries to produce the metal for export and for the central bank to hold in its reserves, the mines minister has revealed.
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Meet The All-Female Angel Group Making Profitable Bets On African Entrepreneurs
“If you empower a woman, you empower a nation.” That is the driving motivation behind Rising Tide Africa, a female angel investing network co-founded by Yemi Keri and Ndidi Nnoli-Edozien in Lagos,...
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Nigeria’s mining cadastre system as gateway for $60b investments
Nigeria’s solid minerals industry is believed to have the capacity to generate yearly revenue of $60 billion if properly harnessed.
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SA High Commissioner Mseleku on strengthening relations with Nigeria
The Nigeria-South Africa relation is conducted via a Bi-National Commission which was established in 1999. 2019 marked the 20th Anniversary of the commission. As a new decade begins, South Africa’s ...
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Nigeria gains USTDA’s support for a 1,350MW gas-to-power plant in Abuja.
The US Trade and Development Agency (USTDA) has awarded a grant to NNPC Gas and Power Investment Company LTD (GPIC) to provide the technical, economic and financial analysis necessary for the developm...
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Nigeria’s Finance Act: How will this affect citizens and consumer markets?
The implementation of Nigeria’s finance act kicked off on the first of February. Taiwo Oyedele, Partner and West Africa Tax Leader at PwC Nigeria joins CNBC Africa for more.
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“Nigeria’s gold exportation has potential to surpass oil and gas” – Minister Olamilekan Adegbite.
Nigeria’s Minister for Mines and Steel Development, says the country will hopefully export gold officially for the first time in history by the end of the year.
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Is Nigeria mining industry ready for investment?
Honourable Olamilekan Adegbite, Nigeria’s Minister of Mines and Steel Development shares his insights into why the mining industry must invest in Nigeria.
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Nigeria expects explosive growth in mining as it diversifies away from oil.
Nigeria expects its mining sector to account for 3% of GDP over the next five years from just 0.3% now as the government seeks to diversify the economy away from oil, the minister for mines & stee...
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Nigeria Mining Week: The best of the West
“We want to put some life in Nigeria Mining Week and we want to deepen what happens.”
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