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Owners of arms seized by Customs Service identified

The owners of the over  2000 assault weapons seized at the Tin Can Island port by Nigerian customs officials have been identified. Details of the importers of the weapons as reported by Daily Trust newspaper are in the proceeding paragraphs.   ...

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US President, Donald Trump warned against war mongering.

The US President, Mr Donald Trump has been warned against seeking war instead of dialogue and negotiation. Speaking at the UNGA, Zimbabwe President,  Dr  Mugabe admonished Mr Trump against conducting himself like the biblical Goliath who,  

Senate President, Bukola Saraki dodges confirming that each Senator earns over N29million monthly

According to NaijaNews,  an online newspaper, Senate President, Bukola  Saraki has dodged providing SERAP - an anti- corruption organisation-  details of the National Assembly earnings. Professor Sagay had accused the Senators of allocating a whopping N29m to themselves monthly. Below are Details of the publication:

Update on "Tension in Jos"

The Government of Plateau State has declared curfew to commence from 6pm-6am. The action is directed at containing the activities of persons who may want to disturb the present peace in the state.   

Tension in Jos over returnee dead bodies of Nigerians allegedly killed persons in Eastern Nigeria

Today, 14 September 2016 at about 1600hours, tension over claims of dead bodies of Nigerians killed in the eastern part of the country caused pandemonium in Jos. The dead bodies were said to have been deposited at Katako Market which is located at Loranto in Jos City.   

OPINIONS

Dangote, 6 foreign coys to begin gold, coal mining

The Nigeria Mining Cadastre Office (MCO) says that Dangote Group and six foreign companies are currently raising funds from the capital market to begin full-scale mining this year.

Mr Mohammed Amate, the Director-General of the office, in an interview with the News Agency of Nigeria (NAN) in Abuja listed the minerals as gold, coal, iron-ore and lead/zinc.

He said it had become imperative for the Dangote Group and foreign companies to raise funds from the capital market for the mining since the projects are capital-intensive.

Amate named the foreign companies as Kogi Mines Ltd, Segilola Nig. Ltd, Mines Geotechniques Nig. Ltd, Northern Numero Resources Ltd, West African Polaris Investment Ltd as well as Tongyi allied and Mineral Services Ltd.

He said that the companies had completed their exploration exercises and delineated the deposits, while obtaining mining leases (licences) to mine gold and other minerals in the country this year.

“Indeed, according to the reports we have received, most of the companies have commenced development and this will eventually lead to actual mining.
“No financial institution will be willing to fund any mining operation until the company carries out adequate bankable feasibility studies, under Joint Ore Reserve Committee specifications recognised internationally,’’ he said.

He said Kogi Mines, an Australian mining firm, would mine iron at Agbaja in Kogi, while Segilola Nig. Ltd would mine gold at the Iperindo axis of the IIesha gold schist belt in Osun.

Geotechniques Nig. Ltd and Northern Numero Resources Ltd, both Australian companies, would mine gold in Kebbi, while Dangote Group would mine coal in Kogi and Benue states.

The West African Polaris Investment Ltd, a Chinese company, would mine tin and columbite in Nasarawa state and the Tongyi allied and Mineral Services Ltd, another Chinese company, would mine lead/zinc in Wasa, Plateau state.

Amate said that the registration and payment for mineral titles online, proposed to commence in 2015, might not start as scheduled because of the delay in the release of funds.

He said that arrangements for the smooth take-off of the registration scheme had been concluded.

He said that the online registration would facilitate speedy registration of mining titles, while promoting development of the mining sector, building foreign investors’ confidence and creating more jobs.

Amate said that the rationale behind the establishment of the website was to enable potential investors across the world to register and pay for their mineral titles online without coming to the office.

“What we intend to do this year is to set up a system, where you can sit down anywhere to Google or log on to our website and see those areas that you can apply for.

“What we are doing now is to enable investors to apply online without coming to the office; they can also submit the application online and pay whatever fees online,’’ he said.

Amate said that the mineral titles covered exploration, mining, quarry, small-scale mining, among others.

 

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WORLD NEWS

9/11 Survivor Captured In Iconic Photo Dies Of Cancer

Marcy Borders, a survivor of the Sept. 11 terrorist attacks who was photographed covered in dust after fleeing the World Trade Center, has died of stomach cancer. Borders' family announced her death Tuesday on Facebook. She was diagnosed with stomach cancer last year at the age o...

BUSINESS NEWS

6 Reasons Why You Should Start a Business in Nigeria Today

1. Now Nigeria still remains a hub for most entrepreneurs and investors. In fact, Nigeria is now the largest economy in Africa, the number one destination for Foreign Direct Investment in Africa and one of the fastest growing economies in the world. That’s why South African and Chinese companies are scrambling to invest in Nigeria.

NIGERIAN NEWS

CBN Devalues Naira

The Central Bank of Nigeria (CBN) has today, November 25, announced the devaluation of the naira, with the new exchange officially at N168 to a dollar, and no longer N155. The CBN officials explained that the move to lower the value of the naira against the dollar was aimed at s...