A few good wins and a final lap in 2018

Although at a slow pace, inflation experienced a downward trend this year. The positive base effects against the monthly baskets in 2016 played a major role in the steady slowdown; improved fx liquidity also contributed and this was particularly visible in the trend of imported food prices. However, general food price inflation remained stubbornly high …

Egypt looks to play key role in driving integration in Africa

The Africa 2017 Forum has wrapped up in the Egyptian resort city of Sharm el Sheikh with a clear message of intent from President Al Sisi to bring Africa closer together. Egyptian President Abdel Fattah El Sisi hosted five African heads of state and top business leaders from across the continent. The Heads of State …

Analysis of Q3 2017 FAAC Disbursements and Mid-year Budget Implementation

Nigeria earned no revenue into her Federation Account from its solid minerals sector in the first nine months of 2017, a quarterly review of revenues that went into the account by the Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed. The quarterly review contained information on disbursements made to the three tiers of government federal, …

Extractive Industry Key to Wealth Creation and Employment Generation

The mining services industry is a vital source of economic activity and jobs in Nigeria, and a major contributor to national income and wealth creation. Technical and business innovation is continually needed to maintain the industry’s international competitiveness and to ensure that mining is conducted in an environmentally sustainable manner that is aligned with society’s …

IAIP: The New Game Changer In Nigeria’s Mining Sector

The recent introduction of Integrated Automation and Interactive Portal (IAIP) in the mining sector of the Nigerian business environment is key to improving business operation in the sector; RUTH TENE NATSA writes. There is a new way of doing business in the Nigerian mining industry. For many, especially industry operators, the launching of Integrated Automated …

Mining in the Digital Age

The current digital disruption that is sweeping across the world and upending industries, has resulted in a digital disconnect in the mining and metals sector. The digital disconnect – a gap between the potential from digital transformation and the poor track record of successful implementations – is not because of a lack of engagement from …

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 …

Mining Council moves to stem revenue leakages

Insists on quality and quantity checks at ports Seeks inclusion of CBN, Customs, Immigration in formulation of Mineral Export Policies Says FG, States should collaborate with MIREMCO to determine royalties The recently concluded National Mining Council has set in motion recommendations which if adopted and effectively implemented, will stem the alarming tide of revenue losses …

Solving the Fickle Nickel Mystery

A year after revealing A Nigerian nickel discovery that looked too good to be true, former Western Mining Co chief Hugh Morgan believes his team has cracked the technical challenges presented by the mystery mineralization. Mr Morgans’s private company Comet Minerals has discovered what looks to be a vast and unique nickel deposit comprising an …