MINING

  The Federal Government has revoked 924 dormant mining licences to sanitise the mining sector. Solid Minerals Development Minister Mr. Dele Alake announced the revocation while addressing reporters in his office on Wednseday in Abuja. The minister said exploration, mining, small-scale mining, and quarrying licences were involved in the mass...

 The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya Orji, has decried low revenue contributions from the solid minerals sector to the economy.Orji made this known in a statement signed by Obiageli Onuorah, NEITI Head, Communications and Advocacy. He spoke while playing host to members of the...

REMARKS BY HIS EXCELLENCY, PROF YEMI OSINBAJO, SAN, GCON, VICE PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA AT THE MAIDEN EDITION OF THE STRATEGIC ENGAGEMENT ON SUSTAINABLE MINING TITLED: RESURRECTING OUR BURIED PROSPERITY ON THE 1ST OF JULY, 202 PROTOCOLS As of 1940, Nigeria was already globally a leading producer...

  The Federal Government has signed an agreement with Messrs La Mancha Incorporated to enable the foreign firm to invest in gold mining in Nigeria. La Mancha, a Luxembourg private gold development company in Cairo, Egypt, signed an expression of interest agreement with the Federal Ministry of Mines and Steel...

  Social media platform, Twitter, has deactivated over 4,000 accounts suspected to be spreading fake news in a bid to change people's opinion. The platform made this known on Friday, saying that the accounts were used as pro-government propaganda channels. The deactivated accounts were operated from places like the United...

Guy Code, a new TV show that targets male viewers, is airing on MTV Base (DStv Channel 322). The show focuses on popularising rules that should guide the conduct of young male adults. Guy Code is broadcast by MTV Base (DStv channel 322) Sundays at 10pm and repeated on the...

The Federal Government is set to launch a N2.5 billion loan scheme for small scale miners in the country. The Minister of Mines and Steel, Dr Fayemi made this known during an interview on Channels Television’s Question Time while outlining some of the steps which the government has taken so...

The National Association of Nigerian Students (NANS), has expressed concern over the crisis rocking the Ladoke Akintola University of Technology, Ogbomoso, leading to shut down of the institution for over nine months. NANS President, Comrade Chinonso Obasi, speaking in Abuja when he hosted about 100 students of the institution to...

Acting President, Prof Yemi Osinbajo, on Tuesday disclosed that the country’s mining sector will receive $600 million investment fund through the Nigerian Sovereign Investment Authority (NSIA), the Nigerian Stock Exchange (NSE) and others. Osinbajo made the disclosure while declaring open the ongoing three-day National Mining Summit, with the theme, ‘Unearthing...

Diamond Bank Plc on yesterday released her 2016 accounts with Profit After Tax (PAT) dropping by 38 per cent to N3.5 billion from N5.7 billion in 2016. The audited 2016 financial results as approved by the Central Bank of Nigeria (CBN), Diamond Bank posted 53 per cent growth year-on-year in...