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Gold rises on renewed US stimulus hope, dollar falls

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.

Sudan exiles return to help rebuild the country after Omar al-Bashir’s ousting

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.

China’s first reusable spacecraft lands after two-day flight

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).

UK education academy confers prestigious senior fellowship on Nigerian born academic

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).
Nigeria has for the first time refined its own gold and purchased the refined product into a new gold reserve.

Nigerian government moves to stem $500 million illegal gold exports

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 Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

PAGMI: CBN’s purchase of locally produced gold’ll boost 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.
Asian markets are mixed at the start of the trading week as investors weighed good economic news from China against the rising numbers of new coronavirus cases.

Asian markets begin week in mixed territory 

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.
Nigeria has for the first time refined its own gold and purchased the refined product into a new gold reserve.

Nigeria starts stockpiling own refined gold in reserve

On Thursday, the Central Bank of Nigeria (CBN) presented a cheque of N268 million for the country’s first artisanally-mined and refined gold.
Nigerian President Muhammadu Buhari signs the revised 2020 budget in Abuja, Nigeria July 10, 2020. Nigeria Presidency-Handout via REUTERS

Nigeria hopes gold mining reforms can bring in $500 million a year

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.

At least 50 killed in Myanmar landslide

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.
Zimbabwe said it has earned $221.32 million after selling 95 million kilogrammes of tobacco leaf since the selling season opened on April 29.

Zimbabwe earns more than $221 million from tobacco sales

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 Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Security operatives arrest, quarantine 251 illegal miners in Zamfara

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.
Olympic and World Champion long distance runner Mo Farah exercises in Richmond Park, following the outbreak of the coronavirus disease (COVID-19), in London, Britain May 12, 2020. REUTERS-Dylan Martinez

Farah feels Tokyo delay could help 10,000m title defence

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.
A miner washes gold at Makala gold mine camp near the town of Mongbwalu in Ituri province, eastern Democratic Republic of Congo, April 7, 2018. Picture taken April 7, 2018. REUTERS-Goran Tomasevic-File Photo

Congo governor condemns rising insecurity at mines in gold province

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.

Nigeria midfielder reveals Rafa Benitez impact on his career

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 African Minister of Mineral Resources Gwede Mantashe speaks at the 2020 Investing in African Mining Indaba conference in Cape Town, South Africa, February 3, 2020. REUTERS-Mike Hutchings

South Africa to continue processing of PGMs during lockdown – minister

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.
An employee pours liquid gold into a mould for the production of an ingot during the refining process at AGR (African Gold Refinery) in Entebbe, Uganda, October 4, 2018. REUTERS-Baz Ratner

Uganda gold exports more than doubled to $1.2 billion last year

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 Mr Sunday Dare for his commitment to the welfare of Ex-players and athletes.

Former Green Eagles star commends sports minister

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.

Recent Stories

Paul Pogba has hinted he expects to stay with Manchester United and play in the Champions League next season.

Ole Gunnar Solskjaer admits to Paul Pogba error

Manchester United boss Ole Gunnar Solskjaer has surprisingly hinted that he mismanaged Paul Pogba, particularly at the start of this season.
Juventus are in talks to renew Paulo Dybala's contract, but managing director Fabio Paratici revealed the club's coronavirus scare made negotiations difficult.

Juventus in talks with Dybala over contract renewal – director

Juventus are in talks to renew Paulo Dybala's contract, but managing director Fabio Paratici revealed the club's coronavirus scare made negotiations difficult.
The United Nations, UN, has said the vandals that attacked its assets in Calabar, Cross River State, were out to discredit peaceful protests against police brutality.

UN: Vandals seek to discredit peaceful #EndSARS protests

The United Nations, UN, has said the vandals that attacked its assets in Calabar, Cross River State, were out to discredit peaceful protests against police brutality.
Hoodlums on Sunday attacked the head office of Complete Sports newspapers in Okota, Lagos.

Hoodlums attack Complete Sports head office

Hoodlums on Sunday attacked the head office of Complete Sports newspapers in Okota, Lagos.
Akwa Ibom State Governor Udom Emmanuel says it is unsafe to reopen schools in the state in view of the COVID-19 pandemic.

Akwa Ibom governor imposes dusk-to-dawn curfew

Akwa Ibom State Governor, Udom Emmanuel, has announced an indefinite dusk-to-dawn curfew from 8 pm to 7 am in the state effective from Sunday, October 25, 2020.