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tolu ogunlesi @toluogunlesi
, 8 tweets, 5 min read Read on Twitter
So, #Nigeria issued its first-ever gold refining license in October 2018, to Kian Smith Limited @KianSmithCo.

Today in Ogun State, Kian Smith performs the groundbreaking for its Gold Refinery, which will be the first Gold Refinery in Nigeria. Scheduled for completion 2019
Sept 2018: Thor Explorations Ltd, a Canadian mineral exploration company has raised CAD 8 million in its attempt to deepen and boost its exploration operations in Segilola Gold Project in Nigeria businessdayonline.com/exclusives/art…
This morning in Ogun State.

[Ogun has been one of #Nigeria’s biggest - if not No. 1 - beneficiaries of FDI in recent years:
Just in August AB InBev opened $250m Brewery.
Feb 2018 Nestle opened new Milo Factory.
Dec 2017 Petrolex opened 300m-Litre Tank Farm.
There’s more...]
“#Nigeria stands at the threshold of history, as the first gold refinery in the country gets underway in Mowe, Ogun State, with a groundbreaking this Thursday (today).” via @BusinessDayNg
businessdayonline.com/news/article/n…
October 2018: “The Federal Government is finalizing modalities to purchase gold from local refineries via a Federal Gold Reserve Scheme subject to international standards such as the London Bullion Market Association.” google.com/amp/s/www.vang…
October 2018: “Today, I am happy to report that the first gold refining license has been issued to a company called Kian Smith Limited, which was one of the companies that participated in the ERGP Focus Labs.”
google.com/amp/s/www.vang…
“This accelerated development of the National Gold Development Policy by @fmmsdngr, and the progress recorded in implementing the Federal Gold Reserve Scheme by @cenbank, are direct solutions to issues presented by investors at the ERGP Focus Labs.” google.com/amp/s/www.vang…
Will share more about the ERGP Focus Labs and the Federal Gold Reserve Scheme later. Good morning.
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More from @toluogunlesi see all

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You haven’t heard the last of the Amaechi ‘tapes’. We are dealing with Principalities & Powers, who‘ll go to any lengths to fight dirty.

1. One of the fraudulently edited clips:

2. The original clip below. See how they edited out the ‘Corruption’ context
Let me summarize it for you. You can confirm what I’m saying in the audio clips above: the published one (taken from the @PremiumTimesng website / YouTube), and the original clip.

You be the judge, and check out the subtle, fraudulent, but professionally done edits yourself.
All over the clips are SUBTLE alterations like this, intended to change context. Cut out a few clarifying words here; join two unrelated bits very cleanly & professionally to alter the meaning/context

It’s actually very depressing - that anyone would go to these devious lengths.
Read 12 tweets
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Major @MBuhari Administration Projects in North West Nigeria medium.com/@BuhariOsinbaj…
Major @MBuhari Administration Projects in North East Nigeria
medium.com/@BuhariOsinbaj…
Major @MBuhari Administration Projects in North Central Nigeria
medium.com/@BuhariOsinbaj…
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Gold: Considering that we had a very strong Employment Report out of the US on Friday, #gold performed pretty well over the past 18 trading hours. At $1291/oz at the time of writing it is some $15 above its post-NFP plunge and only about $7 below Friday morning's high.

1/6
Gold: This strength in #gold is not coming from US equity market fears, as US futures are roughly flat.

2/6
Gold: Rather it appears to be a combination of a modestly weaker US dollar, shown here as DXY over the past three days...

3/6
Read 8 tweets
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Gold: Back in the office for the first time since before Christmas, its time to look back on #gold's recent performance and what may lie ahead.

1/15
Gold: the recent strength in gold has been helped by some weakness in the US dollar.

But as this chart shows, #gold has run ahead of the weakening dollar.

2/15
Gold: plotting its performance in a number of currencies is another way of demonstrating that the dollar has not been the only factor lifting #gold.

3/15
Read 16 tweets
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#Nigeria’s military used a speech by Donald Trump to justify shooting at protesters in October. We investigated what happened and uncovered that an elite battalion fired machine guns into a crowd of unarmed marchers. nyti.ms/2GwdKAW
The military @HQNigerianArmy made several questionable claims:

1. The marchers blocked traffic.
2. The marchers attacked a military checkpoint with weapons and rocks.
3. Only 3 people were killed.
We reviewed hundreds of videos and pictures, went to the crime scene in #Abuja, interviewed survivors and talked to the military. Here’s how we did it - and what we found out.
Read 22 tweets
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Gold: After drifting slightly lower on Monday, #gold has recovered much of this weakness and is trading around $1248.50/oz in early London trading on Tuesday.

(Short thread)
Gold: The delayed release of the COTR data from the CFTC saw changes in the week to last Tuesday 4 December, but considering the changes in Comex total open interest, not quite as large as I expected.

2/7
Gold: The net managed money position in #gold was virtually eliminated (-0.2 Million ounces) as 2Moz of new longs entered the market and 3 million ounces of shorts covered.

3/7
Read 8 tweets
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Gold: It’s been a tough few months for #gold since the middle of the year, but the past three weeks have seen signs of a recovery.

1/10
Gold: And this recovery in #gold is even more pronounced in currencies other than the US dollar.

2/10
Gold: This makes it an unusual rally in gold, as it is moving in the opposite direction to the US dollar - mind another gap, perhaps.

3/10
Read 11 tweets
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I've just read FIXING HEALTHCARE IN #NIGERIA by
Dr. Ola Brown, @NaijaFlyingDr. I'd like to share my take-aways in this thread. Please read and RETWEET. #FixNigerianHealthcare drive.google.com/file/d/1fo7Efm…
In her book, @NaijaFlyingDr provides a simple guide to policy decisions that should provide better healthcare to ALL Nigerians. #FixNigerianHealthcare
First, the book presents the bad news and some frightening stats that should precipitate a state of emergency, if we had brain in #Nigeria. #FixNigerianHealthcare
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