Category: Business
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Three Illegal Miners Arrested, Site Sealed BY Marshals
“In a bold move to combat illegal mining and protect revenue in the mining sector, the Federal Government has arrested three suspects and sealed an illegal mining site in Gaube, Kuje area council of the Federal Capital Territory (FCT). This decisive action demonstrates the government’s unwavering commitment to regulating mining activities and promoting lawful operations.…
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A Weekend Balderdash
By Kehinde Bamigbetan The offensive article, “Tinubu’s Minister, submits the N200 billion budget for the project already existing”, written by a blogger called Echezonam Ibezim was primed to titilate your appetite for sensational hogwash, fast becoming the pastime of gatecrashers into journalism. In the author’s desperation to report negatively, he betrayed gargantuan ignorance of the…
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Nigeria to Harness Gemstones Potential with New Training Centers
The Federal Government has announced plans to establish jewellery training centers nationwide, aimed at harnessing the potential of the gemstones industry for youth employment. This initiative was unveiled by the Minister of Solid Minerals Development, Dr. Dele Alake, during the National Gemstone and Jewellery exhibition organized by the World Bank-assisted Mineral Sector for Economic Diversification…
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FG Cracks Down on Illegal Mining, 10 Trucks Seized, Suspects Arrested
In a bold move to tackle illegal mining activities, the Federal Government has seized 10 trucks and charged suspects for illegal possession and transportation of minerals. This crackdown is part of the Honourable Minister of Solid Minerals’ 7-point agenda to revitalize and sanitize the mining sector. Reports indicate that Mining Marshals from the Nigeria Security…
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FG Launches Nigerian Minerals Resource Decision Support System (NMDSS) to Drive Economic Growth
In a move poised to reshape Nigeria’s mining landscape, the Ministry of Solid Minerals Development unveiled the Nigerian Minerals Resource Decision Support System (NMDSS) on Tuesday, May 14, 2024. This pioneering technology marks a significant milestone in the industry’s development, offering a powerful tool for investors, policymakers, and other stakeholders to make informed decisions and…
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FCT-IRS Cracks Down on Tax Evaders, Seals Off Four Premises
In a bold move to tackle tax evasion, the Federal Capital Territory Internal Revenue Service (FCT-IRS) has sealed off four premises in Abuja, including a hotel, a school, and two business premises. Led by Mr. Festus Tsavsar, acting Director of Legal Services at FCT-IRS, the enforcement team took action against the premises for contravening FCT…
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Wike Sounds Warning to Traders: Follow Due Process or Face Consequences
Barr. Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has issued a stern warning to traders against engaging in arbitrary protests without following due process, emphasizing that such actions will be viewed as attempts at intimidation. The warning came in response to a recent protest by traders from the Apo Mechanic village, who…
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FG Announces Plans to Revise Mining License Fees to Boost Sector Revitalization
“ The Federal Government, through the Ministry of Solid Minerals Development, has announced plans to revise the rates of mining licenses and associated fees paid by mining operators across Nigeria. This move aims to enhance the government’s capacity to revitalize the mining sector effectively. During a consultative meeting with stakeholders in the mining industry, Minister…
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Federal Government to Host Strategic Retreat to Address Mining Industry Challenges
The Federal Government has announced plans to organize a strategic retreat aimed at addressing the lingering issues in the mining industry, particularly the coordination between federal and state governments. This initiative was revealed by the Minister of Solid Minerals Development, Dr. Oladele Alake, following discussions with AbdulRahman AbdulRazaq, Chairman of the Nigerian Governors Forum and…
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FG Groundbreaking Gender Strategy for Nigerian Mining , Steel Sectors
In a landmark move, the Federal Government, through the Ministry of Solid Minerals Development, has launched a pioneering gender strategy for the Nigerian Mining and Steel sectors. This innovative initiative aims to promote diversity, empower women, and enhance the overall sustainability of the mining sector. At a dual launch event, which also introduced the Women…