Gold Tumbles, Then Rebounds as Other Commodities Crash on Trump’s Tariffs

Gold Tumbles, Then Rebounds as Other Commodities Crash on Trump’s Tariffs Gold was flat on Friday while silver, copper and oil all fell on the back of the Trump administration’s tariffs announcement.   The gold price rebounded on Friday (March 2) after Thursday (March 1) saw the yellow metal record its first monthly loss since October. The precious…

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Nigeria’s Central Banks Restricts Dividend Pay-Out By Banks

Nigeria’s Central Bank Restricts Dividend Pay-Out By Banks In a move that suggests continued weak economic growth and to curtail lack of transparency in financial reporting, the Central Bank of Nigeria (CBN) has just issued new guidelines to all banks including Deposit Money Banks (DMBs) and Discount Houses (DHs), on internal capital generation and dividend pay-out…

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Optimism and Unaddressed Challenges After AU Summit

Optimism and Unaddressed Challenges After AU Summit by Ahmedou Ould-Abdallah   Those concerned about the current and future state of their countries were optimistic that the now-concluded African Union (AU) Summit would result in a successful push towards achieving the goals of socio-economic development on the continent. Such high expectations were dampened by the fatigue born out of the…

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What Do You Know About African Refiners Conference Holding March 12-16?

Major changes and hard decisions facing the downstream oil industry in Africa are high on the agenda of the African Refiners and Distributors Association (ARA), which will hold its thirteenth yearly conference, in Cape Town, from March 12 to 16. Amid oil companies’ divestment of assets and the emergence of international oil traders and foreign companies willing to invest in the infrastructure involved in the…

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Burkina Faso’s $1bn Manganese Project Seeks New Partners

 Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1-billion project. Pan African Minerals, a unit of Timis Mining, was told to stop production at the Tambao mine in 2015 following a change in leadership in the West African nation. The company then petitioned the International…

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