A bill seeking to establish the Nigerian Mining Development Bank to promote and enhance investment in the sector of the economy has passed second reading at the House of Representatives. The proposed law titled “A bill for an act to establish the Nigerian Mining Development Bank, was sponsored by a member representing Idemili North/Idemili South Federal Constituency, Anambra State, Hon. Uchenna Okonkwo. The Honourable member, in his lead debate, said the establishment of a mining...

Senator Abdul Ningi who represents Bauchi Central at the National Assembly has resigned his position as the chairman of the Northern Senators Forum. The lawmaker tendered his resignation from the forum shortly after he was suspended by the Senate over his allegation that three trillion naira was unjustly inserted into the twenty-twenty four budget. In a letter to the Secretary of the Forum, Senator Abdul Ningi explained that he resigned due to unfolding events in...

The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people. Speaking at a Ministerial Roundtable on Powering Africa in Washington DC recently, Alake deplored unwholesome pressure on African governments by loan marketers despite global concerns over the declining capacity of many countries to settle their debts....