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Minister of Solid Minerals Development, Dr. Oladele Alake says the National Gold Purchase programme will increase the country’s reserve and boost the value of the naira. Dr. Alake stated this while presenting the latest gold bar to President Bola Ahmed Tinubu sourced from artisanal and small gold miners and refined by the Solid Minerals Development Fund in Abuja. Alake who stressed that the refined gold would be sold to the […]
Minister of Steel Development, Prince Shuaib Abubakar Audu has reiterated his commitment to revamp the steel Sector in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu. This is contained in his Eid-el-Kabir message signed by his Special Assistant on Media, Lizzy Okoji, in Abuja. The statement explains that resuscitation of the sector is geared at growing the economy to over $1 trillion by 2031 as well as […]
The federal government is working towards attracting and encouraging genuine investors to the mining industry to boost government’s revenue drive and realization of the renewed hope agenda of President Bola Ahmed Tinubu. The Minister of Interior, Dr Olubumi Tunji-Ojo stated this at the passing out parade of the second batch of mining marshals of the Nigeria Security and Civil Defence Corps in Abuja. According to the Minister, the training of […]
The Presidency on Thursday denied reports that the Federal Government was proposing N105,000 as the new minimum wage. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the report as false. The report followed the presentation of the cost implications of implementing a new national minimum wage to President Bola Tinubu at the Presidential Villa on Thursday. The Minister of Finance, Wale Edun, submitted the template […]
New banknotes featuring the portrait of King Charles III have now entered circulation, but it may be some time before they are commonly seen in wallets and purses. The new Bank of England notes will gradually replace those which are damaged, or will be issued when demand increases. The King is only the second monarch to appear on these notes, with Queen Elizabeth II first featuring in 1960. Shoppers can […]
The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday. According to the CBN, the bank’s management has been unable to stem the decline despite various […]
With the mission to drive economic development by promoting, managing and investing in real sector and service projects that maximize stakeholder’s value, the Benue Investment Property Company BIPC has launched four companies in Makurdi, Benue State Nigeria. These were the BIPC Bakery, A Water Factory, and the unveiling of its flagship products: BIPC Bread, BIPC Water, Emperor Fertilizer, and innovative Motorcycle Hire Purchase Scheme. In a welcome address, Dr Raymond […]
A 90-day ultimatum has been issued to the Nigerian Brewery to resume production at its plant located along the Makurdi-Gboko Road, Makurdi, Benue State. The ultimatum was given by Dr. Raymond Asemakaha (CFA), the Managing Director of the Benue Investment and Property Company Limited (BIPC), during a meeting with representatives from the Nigerian Brewery at the BIPC corporate headquarters in Makurdi. ALSO READ: BIPC set to double Benue GDP Dr. […]
The Federal Government has reiterated commitment to diversify the economy through exploration and exploitation of solid minerals for rapid socio-ecocomic growth. The Permanent Secretary of the Ministry of Solid Minerals Development, Dr. Mary Ogbe made this known when she hosted an 18-member delegation from thr Ghana College of Defence Studies led by Brigadier-General Fred Ntiri, in Abuja. Dr. Ogbe, who was represented by the Director, Artisanal & Small Scale Mining […]
