Mining: Kano Gold Souk Will Draw International Attention To Nigeria Gold
The Permanent Secretary, Federal Ministry of Mines and Steel Development, Dr. Oluwatoyin Akinlade has revealed that the establishment of the Kano Gold Souk will not only draw International attention to the Nigerian gold potentials but will also act as a…
Full List As CBN Revokes Licences Of Microfinance Banks, Financial Institutions
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of the…
Development Of Barite In Nigeria: FG Commission Barite Plant In Ugaga, Cross River State
The Federal Government will ensure the development of downstream Barite Mining industries through the Establishment of the Barite Processing Plant in Ugaga Community of Yala LGA, Cross River State where the natural resource is found in vast quantities. The Honourable…
FG Moves To Develop Downstream Mining Sector With Commissioning of Mopa Gold Processing Plant
The Minister of Mines and Steel Development Arc Olamilekan Adegbite has commissioned the Gold Processing Plant in Mopa, Mopa-Muro Local Government Area of Kogi State, North Central Nigeria on Tuesday 9th May 2023. The Minister pointed out that the informal…
TCN Lagos Region Receives New 300MVA Power Transformer, Boosts Transmission Capacity
Barely a week after it announced that delivery of some transmission equipment spare parts at its Port-Harcourt Regional Office in Rivers State, the Transmission Company of Nigeria (TCN) has disclosed that it took delivery of a new 300MVA 330/132/33kV power…
Zenith Bank Delights Shareholders, Pays Milestone N100.47bn Dividend
Shareholders of Zenith Bank Plc has unanimously approved the proposed final dividend payment of NGN2.90 per share. This brings the total dividend for the 2022 financial year to NGN3.20 per share, with a total value of NGN100.47 billion. Approval for…
Nigeria Air Cannot Fly – Court Orders
Nigerians hoping to witness the take-off of a new national carrier, Nigeria Air, before the end of President Muhammadu Buhari administration has been dashed by the court. This is as a Federal High Court sitting in Lagos ordered the Director…
Terrorism: Military Helicopter Crashes
An army Helicopter has crashed in a residential neighbourhood of Bamako the capital of the Republic of Mali while returning from an anti-jihadist operation, the armed forces and sources said. The incident followed an ambush earlier Saturday on an army…
Gluwa to Support Nigeria’s Cryptocurrency Legalization, Commits $35m To Indigenous Crypto Exchanges Growth In Africa
Gluwa, a foremost global blockchain company, has announced its readiness to work closely with the Federal Government of Nigeria to create a policy framework that supports the legalization and adoption of cryptocurrencies in Africa’s largest economy. The firm believes cryptocurrencies…
Nigeria’s Bleeding Economy And Quest For A Sound CBN Governor
By Yakubu Sani At no time in history has the global social and economic dynamics been so challenged like now. It is coming at a time of Nigeria’s transition from one government to another. The good thing is that the…
Reflections on Merit: Osita Chidoka Sets Agenda For New NASS On Recruitments
Former Nigeria’s Minister of Aviation under President Goodluck Jonathan who served as the Corps Marshal and Chief Executive of the Federal Road Safety Corps (FRSC) under President Olusegun Obasanjo, Chief Osita Chidoka has set agenda on recruitment processes which he…
