Why disbursement of N5bn mining fund was stalled — Minister
THE Minister of Mines and Steel Development, Architect Olamilekan Adegbite, has indicated that lack of suitable model may have hindered the disbursement of Nigeria’s N5 billion mining fund, three years after it was put in place.
Mining giant Glencore facing US corruption probe over business in Nigeria, others
Mining giant Glencore said Tuesday that it was being probed by the United States in a corruption investigation linked to its business in Nigeria, Venezuela and the Democratic Republic of Congo.
Hopes of a mining revival in oil-addicted Nigeria
Locals have always known that a vast deposit of gold sits underneath the cocoa trees and towering thickets of bamboo in the tropical jungle of Osun state in southwest Nigeria.
Policy inadequacy stifles investments in power, mining — former NMRC boss
The absence of clear cut policies from the Federal Government and necessary legislative backing are frustrating investors and stifling investment in the Nigerian power and mining sectors, according to the former Managing Director of the Nigeria Mortgage Refinance Company, NMRC, Professor Charles Inyangete.
LCCI calls for amendment of Minerals, Mining Act
The Lagos Chamber of Commerce and Industry, LCCI, has urged the Federal Government to amend the Minerals and Mining Act, 2007 such that states can have the right to exploit their state-bound resources.
Lack of data, equipment, technology, others affect investment in mining— MAN
THE Miners Association of Nigeria, MAN, has attributed lack of adequate investment in the mining sector to unavailability of data, equipment, technology and alleged poor attitude of some state governors in Nigeria.
