Gold

House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline.

After 33 years in exile, El Sadig Mohamed gave up the easy life in Canada to return to help rebuild Sudan as it emerges from three decades of autocratic rule.

China’s first reusable spacecraft landed Sunday after two days in orbit, a possible step toward lower-cost space flight, the government announced.

A UK-based Nigerian academic from Osun State and Chairman of TEXEM UK, Dr Alim Abubakre has been awarded UK’s prestigious Senior Fellowship of the Advanced Higher Education Academy (HEA).

The federal government has commenced moves to stem illegal gold exports estimated at annual revenue of up to $500 million to boost the nation’s foreign reserves.

The Presidential Artisanal Gold Mining Development Initiative, PAGMI, has assured that Central Bank of Nigeria’s purchase of locally produced gold will boost the nation’s foreign reserves.

The Nikkei index in Tokyo finished Monday’s trading session with a 2.2% gain. Hong Kong’s Hang Seng index is down 0.7% in late afternoon trading, while Shanghai’s Composite index is up 1.4% after a private survey showed Chinese manufacturing activity rose in July.

On Thursday, the Central Bank of Nigeria (CBN) presented a cheque of N268 million for the country’s first artisanally-mined and refined gold.

Nigeria hopes changes it has made to gold mining regulation will earn the government $500 million a year in royalties and taxes and create 250,000 jobs, President Muhammadu Buhari said on Thursday.

The bodies of at least 50 jade miners were pulled from the mud Thursday after a landslide in northern Myanmar, fire services said, as monsoon rains worsen already deadly conditions.

In a trading update, the Tobacco Industry and Marketing Board said the sales were 40 per cent higher than that of last year, which stood at $158.07 million.

The Zamfara State police command, in collaboration with the Nigerian Army, has arrested and quarantined 251 illegal artisinal miners in the state, the state police commissioner, Mr Usman Nagogo, said on Saturday.

Multiple Olympic champion Mo Farah says the postponement of the Tokyo Games to 2021 could work to his advantage as the Briton will now have around 20 months to train for the defence of his 10,000m title having switched his focus back to the track.

Illegal mining and trading are fuelling worsening violence on mine sites, the governor of Democratic Republic of Congo’s gold-rich Ituri province said, after armed robbers killed four people, including three Chinese nationals, at a gold mine.

Nigeria midfielder Nwankwo Obiora says former Real Madrid manager Rafa Benitez played a major role in his development when he was with Inter Milan.

South Africa’s Minister of Mines and Energy Gwede Mantashe said on Wednesday that the processing of platinum group metals (PGMs) would continue during a 21-day national lockdown over coronavirus starting at midnight on Thursday.

Uganda’s gold exports more than doubled in 2019 compared with the previous year, according to data from the central bank seen by Reuters on Wednesday.

Former Green Eagles goalkeeper, Emmanuel Okalla, has commended Youth and Sports Development Minister Sunday Dare for his commitment to the welfare of Ex-players and athletes.