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tolu ogunlesi @toluogunlesi
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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…
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…
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.”…
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.”…
“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.”…
Will share more about the ERGP Focus Labs and the Federal Gold Reserve Scheme later. Good morning.
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