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Consultant to the World Bank, Prof. Abel Ogunwale

Unemployment rate set to rise – expert

Nigeria’s unemployment rate, which stood at 23.1 percent in 2018, will not continue drop, a consultant to the World Bank, Prof. Abel Ogunwale, has said.
Ministry of Mines Permanent Secretary Barnaby Mulenga told a news conference that Zambia, Africa’s second-largest copper producer, was missing out on a lot of revenue because only one large mine was declaring its gold output.

Zambia plans to compel copper miners to account for gold

Zambia plans to make copper mining companies account for the gold they produce as it seeks to boost revenue from its mineral resources, a senior ministry of mines official said on Thursday.

Federal government moves to rescue Nigerians trapped in Mali

The Federal Government (FG) is making moves to rescue Nigerians trapped in various mining areas in Mali. The government through the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has begun profiling the victims and working out modalities for evacuating them back to Nigeria.
Senate President Ahmed Lawan 1

Senate begins consideration of President Buhari’s $29.9 billion loan, refers to committee

The Senate has begun the consideration of President Muhammadu Buhari’s request of 2016-2018 External Borrowing to the tune of $29.96 billion to be spent by the Federal Government to execute key infrastructural projects.
Daniel (11) carries a bag of cobalt on his back. He works in a mine ferrying sacks of cobalt to a depot. Cobalt is a vital mineral needed for the production of rechargeable batteries. Two thirds of the world supply is located in southern Congo where men, women and children all work. Efforts are being made to stop child labor in the cobalt mines, but they have not been successful. Batteries needed for phones, computers and electric cars have pushed the global demand for Cobalt through the roof. Chinese companies and middlemen have the strongest hold on the market. Tech companies like Apple, Microsoft and Tesla are trying to find a way to access Congolese cobalt in a more humane way with proper accountability. PHOTOGRAPH BY SEBASTIAN MEYER FOR FORTUNE

US tech giants sued over cobalt mine child labour deaths

Five US tech giants including Apple, Microsoft and Google parent Alphabet have been named in a lawsuit over the death of child labourers in cobalt mines in the Democratic Republic of Congo.
Adegboyega Oyetola

Governor Oyetola: Support government to fight corruption

Osun State Governor Adegboyega Oyetola has urged accounting experts to support the government to fight corruption and other misconducts.
Manufacturers Association of Nigeria (MAN)

$30 billion loan: Rising debt profile cause for concern – MAN chief

Following the request of President Muhammadu Buhari to the National Assembly for permission, the Manufacturers Association of Nigeria (MAN) bemoaned that the rising debt profile is now a “cause of concern.”
The Centre for Anti-Corruption and Open Leadership, CACOL, has commended the Muhammadu Buhari’s government’s support for the quick establishment of specialized courts to try corruption and its allied cases for speedy determination of such cases within a stipulated time in order to bring culprits to book and discourage penchant for embezzlement and other forms of grand corruption.

President Buhari seeks approval for foreign loan rejected by eight Senate

President Muhammadu Buhari on Thursday forwarded a request to the Senate to reconsider and approve the federal government’s 2016 to 2018 external borrowing plan.

Gunmen abduct three Chinese expatriates, kill police in Osun

Three Chinese citizens involved in expatriate mining business in Osun have been abducted at Itagunmodi, Atakumosa West local government area of the state late evening on Monday.
An economist, Prof. Sheriffdeen Tella, has urged the Federal Government to pursue policies that would drive manufacturing and construction sectors to sustain the country’s Gross Domestic Product (GDP) growth.

GDP: Economist tasks federal government on policies in manufacturing, construction sectors

An economist, Prof. Sheriffdeen Tella, has urged the Federal Government to pursue policies that would drive manufacturing and construction sectors to sustain the country’s Gross Domestic Product (GDP) growth.

Economic summit: 22 investors show interest in Osun

As the 2019 Osun Economic and Investment Summit came to an end on Thursday, no fewer than 22 investors have shown interest in partnering with and investing in the state.
The Minister of Mines and Steel Development, Olamilekan Adegbite, on Tuesday said the Federal Government had been able to recover 25 sites from 2007 that the programme started.

Federal government inaugurates task force to curb illegal mining

The federal government on Thursday said it has resuscitated the Presidential Mines Surveillance Task Force to curb illegal mining and environmental degradation.

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.
Kayode Fayemi

Ekiti governor, minister seek stakeholder buy-in for mining sector

Ekiti State Governor Kayode Fayemi and the Minister of Mines and Steel Development, Olamilekan Adegbite, have called for stakeholders’ buy-in for the exploitation of economic opportunities in Nigeria’s mining sector.

CEEWABA pledges to attract more FDI into Nigeria

The Nigerian advisor for Central Eastern European & West African Business Association (CEEWABA), Ambassador Adedotun Adepoju, has reiterated the Association’s readiness to attract Foreign Direct Investment (FDI) into Nigeria from the far Central Eastern European investors.

Cleric docked over alleged N10 million fraud

A cleric and Chairman of the Ebonyi State Mining Association, Mr. Chukwu Sunday Christopher, was arraigned on Monday, be­fore a Federal High Court, Lagos, on a two count-charge of obtaining the sum of N10 million under false pretence.
President Muhammadu Buhari and his Russian counterpart, Vladimir Putin, in Sochi, have agreed to put Nigeria-Russia relations on a fast track, and pursue the completion of partially completed and abandoned projects initiated by both countries..10

President Buhari’s takeaways from Sochi

President Muhammadu Buhari has returned to Nigeria from his four-day visit to the Russian Republic extremely happy with the success of the visit, which outcome is the best response to a few skeptical audiences back home, including a toxic newspaper editorial, “Buhari, Stay On Your Job,” by the Lagos-based Punch Newspaper asking him to not travel.

Mining host communities lament neglect by government, companies

Mining host communities under the auspices of the Federation of Nigerian Mining Host Communities, FNMHC, Friday, lamented alleged neglect by government and mining companies operating in their areas.

Recent Stories

Lassa fever: NMA faults Nigeria’s preparedness for disease outbreaks

The Nigerian Medical Association (NMA) has described the recent outbreak of Lassa fever across the country as a reflection of the abysmally low level of preparedness in handling infectious diseases, especially viral hemorrhagic fever, at all levels of healthcare delivery.
Yoruba World Congress (YWC), an umbrella body of all Yoruba socio-cultural groups, has threatened to hold a peaceful protest in support of the recently launched Western Nigeria Security Network code-named Amotekun.

MURIC: Amotekun should not target any group for victimization

THE Muslim Rights Concern (MURIC) yesterday advised the South-west states Governors that the new security organization code name Amotekun should not lean towards any religion or target any ethnic group for victimization.

PANDEF: Federal government should overhaul security architecture

Pan Niger Delta Forum, the South-South regional group in it’s reaction, said the Federal Government should immediately overhaul the nation’s security architecture and apparatus.
China has sent 450 military medical staff, including professionals who have experience in the fight against SARS or Ebola, to the novel coronavirus hardest-hit city of Wuhan.

China sends medics to Wuhan as coronavirus death toll rises to 80

Hundreds of medics are being sent to help deal with a rising number of cases of the new coronavirus in China’s central metropolis of Wuhan, health authorities said on Monday.

Full list of no-go areas for motorcycles, tricycles in Lagos

The Lagos State Government on Monday banned okada and tricycle riders in six Local Governments, nine Local Council Development Areas, LCDAs, major highways and bridges in the state.