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Tag: Minister of Solid Mineral

FG approves N30bn for mining sector

October 20, 2016October 19, 2016Ayo Olowo

The Federal Executive Council (FEC) on Wednesday approved N30 billion Intervention Fund for the nation’s mining sector.The Minister of Mines and Steel Development, Dr Kayode Fayemi, who made this known at the end of the FEC meeting in Abuja, said the fund would come from 1.68 per cent of the Federation Account. He said that […]

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“Big money” nickel discovered in Nigeria

August 29, 2016August 29, 2016Ayo Olowo

According to The Australian, an Australian national newspaper, a private Australian consortium has discovered a potentially “world class and highly unusual” Nickel deposit in Nigeria.The private mining firm is reportedly headed by Hugh Morgan, a mining industry veteran. “The discovery is unusual because the nickel is found in small balls up to 3mm in diameter […]

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