Mining: FG to Repatriate Gemstones Export Proceeds through CBN, Says Fayemi

The federal government has unfolded plans to ensure that the country maximise potentials in the gemstone sector to contribute to the GDP and create jobs and wealth for the citizens, even as it said that efforts are being made to ensure that gemstone export proceeds are duly repatriated. Minister of Mines and Steel Development, Dr …

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FG’s position on Ajaokuta Steel Plant

The Minister of Mines and Steel Development, Dr. Kayode Fayemi, in this interview with EVEREST AMAEFULE and SOLA FABIYI, talks about various issues in the mining sector, especially the Ajaokuta Steel Plant. At the event you hosted last week, the Minister of Power, Works and Housing, Mr. Babatunde Fashola,  painted a picture of the huge steel and iron …

In Jakarta, Nigeria Renews Commitment to Transparent Corporate Beneficial Ownership, Seeks Investors

Vice President Yemi Osinbajo was on a two-day working visit to Indonesia last week where he spoke at the Extractive Industries Transparency Initiative (EITI) Beneficial Ownership Conference in Jakarta and also held high level meetings with Indonesian Vice President Jusuf Kalla, the Southeast Asian country’s business leaders, and African  ambassadors. Tokunbo Adedoja, who attended the meetings, reports  …

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Ray of Hope as Government Tackles Illegal Mining

Illegal Mining has been described as a major albatross especially in Nigeria where over 1000 illegal mining sites were said to be existing through activities that promote illicit financial outflows. In this report, RUTH TENE NATSA writes on government’s efforts to nip the illegal activities in the bud. As the Nigerian government continues to make …

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Fayemi: Govt’s Policy on Steel Privatisation Yielding Results

The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has lauded the federal government’s policy on privatisation of the steel sector, assuring operators and investors of more policy support and incentives aimed at taking the industry higher. The minister disclosed this wednesday in Lagos at the event organised by African Industries with the theme, …

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First mechanised gold mine takes off

The much trumpeted diversification of the economy is becoming a reality with the take-off of the country’s maiden mechanised lead and gold mine in Abuja, reports JIDE BABALOLA It is a $200 million project, and it will mine gold and lead. It is Nigeria’s first mechanised mine billed to take off in about two weeks. …

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Nigeria Mining Jurisdiction Has Better Investment Risk Profile than New York –Report

…As Over 20 Countries Attend 2nd Edition of Nigeria Mining Week By Ruth Tene Natsa, Abuja A recently released World Risk Report, published by the Mining Journal indicates that Nigeria has made remarkable improvements in both hard risk and perceived risk factors and is now “perceived” to have a better investment risk profile than New …

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