Business

FG In Talks With Australia For Training Nigerian Professionals In Solid Minerals

Published

3 years ago

September 7, 2023

448 Views

The Minister of Solid Minerals, Mr. Dele Alake has proposed a programme enabling Nigerian mining professionals to study modern mining technology and practices in Western Australia with the government’s support.

He made the request to Hon. Bill Johnston, the Minister for Mines and Petroleum, Energy, Corrective Services and Industrial Relations of the government of Western Australia, during a courtesy visit

Alake, who led the Nigerian delegation to the 21st Africa Down Under Mining Conference held in Perth, in Perth, Australia, acknowledged the progress achieved by the government of Australia in mineral development.

Alake said that Australia had acquired a lot of knowledge and skills in developing its modern mining industry, adding that Nigerians would benefit from training, study trips and exchanges of mineral professionals in its current effort to transform the sector.

Alake said the government had launched a roadmap to attract foreign direct investment by investing in big data on minerals and the quantum of their deposits, forming a solid minerals corporation and joint venture agreements with multinationals in mining to enable the sector to compete globally.

He informed the minister that Nigeria has vast deposits of precious minerals, including lithium, gold, coal, lead, zinc, baryte and iron ore.

In response, Hon.Johnston appreciated the courtesy visit of the Minister of Solid Minerals and his delegation.

He said that the government of Western Australia would support the transfer of knowledge and skills to mining professionals from Nigeria and sponsor mining experts to visit Nigeria to impart knowledge.

He urged Alake to make a formal request as soon as possible so both could work together to realise the goal.

He promised to mobilise the public and private sectors to support the initiative, as many companies are willing to explore opportunities for developing the mining sector in Africa.

Related Topics:Australia Featured FG Solid Minirals Training Nigerian Professionals

Up Next

More Students of Tertiary Institutions to Benefit as AUDA-NEPAD join forces with Renewed Hope Initiative RHI

Don't Miss

BREAKING: Atiku rejects PEPT Judgement, Heads to Supreme Court

Click to comment

Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

1 day ago

November 5, 2026

OCHEFA

108 Views

BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

2 days ago

November 4, 2026

OCHEFA

139 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.