According a 2023 report Despite several obstacles, the Nigerian gold mining sector, also known as “the Industry,” has grown significantly in recent years. Nigeria has a lengthy history of gold mining that dates back to the pre-colonial period. But it wasn’t until 2009 that the government started to take meaningful action to advance the industry.
Gold Price Hits Fresh Record High, Climbs Above $2700 Mark
Gold price surged beyond $2,700 an ounce for the first time, driven by growing concerns over escalating Middle East conflicts and the increasingly unpredictable US election. Investors sought refuge in the precious metal as global instability intensified. Bullion climbed by as much as 0.7% to reach $2,711.99 per ounce, breaking the previous record set the
Gold Price Surpasses $2,500 for First Time Ever
On Friday, Gold exceeded $2,500 per ounce for the first time in history, driven by rising geopolitical tensions and new data indicating a weakening US economy. Gold contracts for December delivery hit an all-time high of $2,522.50 in early trading before shedding its gains to trade at $2,475.90 an ounce by 11:00 a.m. ET. Spot