Listen to ABR

With Gold Trading Above $1600/Ounce, Nigeria Builds First Commercial Goldmine

Mar 25, 2020 11:45 AM
With Gold Trading Above $1600/Ounce, Nigeria Builds First Commercial Goldmine Africa Business Radio, Gold Mine, Africa Business News, DeBeers, Diamond

The construction of Nigeria’s only large-scale commercial gold mine has begun in Osun State and the facility will start producing gold in 2021. The Federal Ministry of Mines and Steel Development says the facility demonstrates the Federal Government’s desire to make the mining sector the mainstay of the nation’s economy. The Minister of Mines and Steel Development, Olamilekan Adegbite, described the project as the first of its kind in Nigeria, adding that it would deliver the country’s only large-scale commercial gold mine.

0:00 / 0:00

Get the latest headlines and unique ABR stories, sent every weekday.

Micos Chicken and Waffles

Upcoming Events

Thu 15

Africa Data Protection Conclave

Oct 15 @ 10 AM - Oct 15 @ 03 PM
Sat 10

The Boss Lady Conference 2020

Oct 10 @ 11 AM - Oct 10 @ 01 AM
Wed 17

ABR social sensitization on HIV & AIDs

Jul 17 @ 07 AM - Jul 24 @ 05 AM

Job Listing

Software Developer

Google
2019-07-31
×

Newscast

News Updates

  • Australia Approves Tough New Veto Powers Over Foreign Agreements Amid China Row

  • United States issues travel curbs for Chinese Communist Party members

  • Twitter Bans Content Which ‘Dehumanizes’ Based On Race, Ethnicity

  • Iran Passes Law To Boost Enrichment And Block Inspectors

  • Egypt Accused Of Execution Spree

  • United Nations And Ethiopia Reach Agreement On Aid Pact For War-Hit Tigray

  • Central Bank of Nigeria Directs Banks to Close Naira Accounts for IMTO Proceeds

  • Federal Executive Council Approves N120.7bn for Road Reconstruction

  • Nigerian President To Address Lawmakers Over Insecurity Issues

  • Nigeria Records 122 New COVID-19 Cases