gold

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Islamic nations consider gold, barter trade to beat sanctions

Islamic nations consider gold, barter trade to beat sanctions

Iran, Malaysia, Turkey and Qatar are considering trading among themselves in gold and through a barter system as a hedge against any future economic sanctions on them, Malaysian Prime Minister Mahathir Mohamad said on Saturday. At the end of an Islamic summit in Malaysia, Mahathir praised Iran and Qatar for withstanding economic embargoes and said […]

Gold prices steady as market awaits U.S. employment report

Gold prices steady as market awaits U.S. employment report

Gold prices were little changed on Thursday, following a jump of more than 1 per cent in the previous session, as investors awaited more data with which to gauge U.S. economic health and that could influence further U.S. Federal Reserve action on interest rates.

Eye witness to xenophobia: We lost gold, diamond, cars

Eye witness to xenophobia: We lost gold, diamond, cars

President of Nigerian Citizens Association in South Africa, NICASA, Mr Ben Okoli, in this exclusive chat, speaks on the latest xenophobic attacks on Nigerians in South Africa. Apart from identifying why the attacks are recurring, Okoli lists measures to be taken by the South African government to prevent another crisis.

Four men plead guilty to illegal possession of N1.1bn gold, €112, 800 cash

Four men plead guilty to illegal possession of N1.1bn gold, €112, 800 cash

By Ikechukwu Nnochiri The Economic and Financial Crimes Commission, EFCC, yesterday, arraigned four men before the Federal High Court in Abuja for illegal possession of gold valued above N1billion. Essential Yakubu Dogara @51(Opens in a new browser tab) The quartet, who were charged alongside three companies, pleaded guilty to a two-counts amended charge the anti-graft […]