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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Nigeria Enters League of Steel Exporters

There is strong indication that after cement, Nigeria’s steel industry is the next sector to watch as African Industries Group, the largest steel manufacturer in the country, has started exporting the product to Morocco, Egypt and Ghana. Steel is made from iron ore, limestone and natural gas, and its usage cut across tools and machinery, …

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FG moves to boost gemstone sector for GDP growth, job creation- Minister

…As Mrs Osinbajo makes case for greater investment in mining 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. Minister of Mines and Steel Development, Dr Kayode Fayemi, who disclose this at the opening …

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Nigeria Seeks to Boost Mining Reserves to Lure Investors

Mines development part of government’s economic recovery plan Nigeria seeks increased minerals output to end oil dependence Nigeria plans to spend 15 billion naira ($42 million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are …

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How Nigeria Mining sector got better investment risk profile rating- Fayemi

Nigeria mining jurisdiction now rated better in investment risk profile- Fayemi ….as Fashola, Gov Ishaku, MAN laud growth in mining sector The Minister of Mines and Steel Development, Dr Kayode Fayemi, has attributed the recent growth in the mining sector and the improvement in the investment risk profile of the country’s mining jurisdiction to the …

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Kaduna Nickel: Boost for Nigeria’s Economic Expansion

In 2016, when Australia’s Comet Minerals first disclosed its discovery of a vast, unique deposit comprising an abundance of balls of almost pure nickel in Dagoma, Kaduna – northeast of Nigeria, its chairman, Mr. Hugh Morgan, was not too sure on the best method to separate the balls from the surrounding soil. A year after, …

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Mrs Osinbajo to grace AGJES 2017

The Wife of the Vice President, Mrs Dolapo Osinbajo, would deliver the keynote address at this year’s African Gems and Jewellery Exhibition and Seminar, holding in Abuja, FCT between 19th and 20th October. The programme which is being hosted by the Ministry of Mines and Steel Development, in collaboration with the Gemologists and Jewellers Association of Nigeria, …

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200 Chinese Investors to invest in Nigeria’s Mining sector

No fewer than 200 Chinese mining companies have declared interest to invest in Nigeria’s mining sector, the News Agency of Nigeria (NAN) reports. NAN gathered that the Minister of State in the Ministry of Mines and Steel Development, Bawa Abubakar in September, led Nigeria’s delegation to the China Mining Conference in China. During the conference, …

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FG getting ready for Ajaokuta second concession

The Federal Government is getting ready for the second concession of the Ajaokuta Steel Company. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, stated this on Tuesday during an interview with State House correspondents after he and the Ondo State Governor, Rotimi Akeredolu, met President Muhammadu Buhari at the Presidential Villa, Abuja. Fayemi …

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