According to Angel Commodities, yesterday, spot gold prices declined by 0,78 percent to close at 1191. On the MCX, gold prices followed the same trend and declined 0,49 percent during the same time frame. Yesterday, spot gold prices declined by 0,78 percent to close at
Nigeria is spending $44.5m yearly in the importation of industrial minerals, Minister of State, Mines, and Steel Development Bawa Bwari has said. Bwari said this on Tuesday in Abuja when he received a report that Nigeria needs $123 million to develop industrial minerals. According to him, there
Nigeria is spending $44.5m yearly in the importation of industrial minerals, Minister of State, Mines, and Steel Development Bawa Bwari has said. Bwari said this on Tuesday in Abuja when he received a report that Nigeria needs $123 million to develop industrial minerals. According to him, there
A wide range of products are exported from African economies The African continent is endowed with plenty of natural resources that help boost the economic growth of member states. The natural resources in Africa range all the way from gold and diamonds to agricultural products
Crude fell below $53 a barrel as the ramp-up of shale drilling spurred speculation that surging U.S. output will offset OPEC-led efforts to cut a global supply surplus. Futures dropped 1 percent. U.S. explorers added 11 rigs last week to cap the longest stretch of
ABUJA (Reuters) – Italian oil company Eni plans to build a crude refinery in Nigeria with the capacity of 150,000 barrels a day through its Agip subsidiary, the country’s oil minister said on Tuesday. Nigeria has been seeking investment in the sector to reduce reliance on
As Nigerians continue to grope in darkness, experts say that diversifying the country’s energy mix to include coal-to-power projects can add a further 4,300MW to its electricity power generation for 20 years, with its proven coal deposits estimated at about 2.8 billion metric tons. “At
The Minister of Power, Works and Housing, Mr Babatunde Fashola has scolded the Distribution Companies (DisCos) saying their poor remittance nearly collapsed power generation before the N701.9 billion intervention fund from the Central Bank of Nigeria (CBN). Fashola said this on Monday at the 15th
The Federal Government has signed a Put and Call Option Agreement (PCOA) with two solar power firms from the 14 firms working to build 1,125megawatts (MW) solar plants in Nigeria. The Managing Director of Nigeria Electricity Bulk Trading Plc (NBET), Mrs. Marilyn Amobi along with
The total value of crude oil sold by Nigeria between January and December 2016 dropped by $6.7 billion from $40.5 billion in 2015 to $33.8 billion; a comparative analysis of official crude oil lifting values published by the Nigerian National Petroleum Corporation (NNPC) has shown.