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Tag: Dukia

Federal Government inaugurates first gold refining company

Federal Government inaugurates first gold refining company

Economy
The Federal Government, Tuesday, inaugurated Nigeria’s first Gold and precious Metals Refining Conglomerate, an operation of Dukia Gold a Precious Metals Raw Materials Buying Program in collaboration with Heritage Bank. At the inauguration via a Zoom virtual meeting, Vice President, Prof. Yemi Osinbajo, explained that Nigeria has the potential reserves of 200 million ounces of gold, and the commencement of the project would create new opportunities locally and beyond especially after post-COVID-19. Osinbajo expressed optimism that the launch would enable Nigeria to mine reserves properly, trade responsibly, refine locally, and boost the nation’s foreign reserves. He added that the project will also create primary employment for local artisanal miners and mining coo...