Tag: gold

  • MEXC Unveils Industry-First Gold Launchpad: Zero-Fee Tokenized Gold Investments Arrive as Gold Prices Hit Record Highs

    MEXC Unveils Industry-First Gold Launchpad: Zero-Fee Tokenized Gold Investments Arrive as Gold Prices Hit Record Highs

    MEXC, a leading global cryptocurrency exchange, today announced the launch of the industry’s first dedicated Gold Launchpad — a groundbreaking event that enables users to buy tokenized gold at half price with zero trading fees. As gold price continues its historic bull run, surpassing multiple all-time highs in 2025 and early 2026, MEXC is democratizing access to the world’s most enduring safe-haven asset through blockchain technology.

    The new Gold Launchpad allows users to seamlessly acquire tokenized gold; digitally backed 1:1 by physical gold stored in secure vaults without the traditional barriers of high fees, complex custody, or geographic restrictions. With zero fees on purchases and trades within the Launchpad, investors can now participate in gold’s upward trajectory at the lowest possible cost, making it an ideal entry point for both seasoned traders and newcomers exploring real-world assets (RWAs) in crypto.

    Why Now? Gold’s Unstoppable Rise in Price

    Gold has emerged as one of the top-performing assets in recent years, driven by persistent inflation concerns, geopolitical uncertainty, central bank buying, and its proven role as a hedge against market volatility. 

    Spot gold (XAU/USD) has repeatedly shattered records, climbing steadily through 2025 and maintaining strong momentum into 2026. Investors worldwide are searching for simple, cost-effective ways to buy gold, invest in gold, and track the live gold price — trends that have reached all-time search highs.

    MEXC’s Gold Launchpad directly addresses this demand by combining the stability of physical gold with the speed, transparency, and accessibility of blockchain. 

    Users benefit from:

    • Zero Fees: No transaction fees on the Launchpad, maximizing returns.

    • Instant AccessibilityBuy tokenized gold in minutes using USDT or other major assets.

    • Full Backing & Transparency: Every token is backed by audited physical gold, with real-time redemption options.

    • 24/7 Trading: Trade gold anytime, just like any crypto asset, with deep liquidity on MEXC’s proven platform.

    Exclusive High-Leverage Trading and High-Yield Opportunities

    Taking innovation further, MEXC now officially supports 500x perpetual leverage on Futures, an industry-exclusive feature that empowers traders to amplify positions and unlock the next level of growth. 

    Combined with the platform’s high-yield MEXC Earn products offering up to 300% APY, users have unparalleled tools to grow their portfolios, whether hedging with gold, pursuing high-risk strategies, or earning passively.

    “This launch marks a pivotal moment for real-world asset tokenization,” said a MEXC spokesperson. “As gold prices continue their remarkable ascent, we’re proud to offer the first dedicated Launchpad that puts more value directly into users’ hands. Whether you’re protecting wealth or capitalizing on gold’s bullish trend, MEXC makes digital gold and gold-backed cryptocurrency easier and more affordable than ever.”

    A Game-Changer for Crypto and Traditional Investors

    The Gold Launchpad positions MEXC at the forefront of the RWA revolution, bridging traditional finance and decentralized markets. For crypto natives, it introduces a high-utility stable asset; for traditional gold investors, it offers the convenience of blockchain without compromising security or backing.

    Users can get started today by visiting the MEXC platform, navigating to the Gold Launchpad section, and participating with just a few clicks.

    About MEXC

    MEXC Global is a leading digital asset trading platform committed to expanding financial access worldwide. With deep liquidity, a wide range of trading products, and a focus on technological innovation, MEXC empowers users to explore, trade, and grow with confidence across crypto, traditional finance, and beyond.

    For media inquiries, please contact MEXC PR team: media@mexc.com

    Risk Disclaimer:

    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

  • ‘Gold metal of strategy, inflation firewall’

    ‘Gold metal of strategy, inflation firewall’

    Executive Director, Tropical General Investments (TGI Group), Mudassir Amray, has described gold as “a metal of strategy” and “an inflation firewall” for African economies.

    Amray made this remark during his keynote address at the Gold Roadshow Africa, which brought together central bankers, policymakers, and institutional investors to explore Africa’s growing role in the global gold value chain.

    In his presentation, titled “The Bridge Between Trust, Value and Financial Sovereignty for Africa,” Amray highlighted that the recent rally, which saw gold cross the $4,300 mark for the first time in history, reflects a broader global shift in trust, capital, and power.

    He said: “For years, gold was seen as a metal of beauty. Today, it stands as a metal of strategy, politically neutral, instantly liquid, and a firewall against inflation and currency depreciation”.

    Read Also: FG issues 23 refineries ‘license to establish’ in four years

    He stated that Africa produces over 40 per cent of the world’s gold but captures less than two per cent of its financial value, calling for a stronger focus on domestic value addition.

    “We export raw and import finished wealth,” Amray said.

    He commended ongoing local initiatives by Kian Smith Gold Refinery as important steps toward sustainable value capture and industrial growth.

    Following his keynote, Amray joined a high-level dialogue with Bolaji Balogun, Founder and Chief Executive Officer of Chapel Hill Denham, moderated by Bode Oyetunde of the African Development Bank (AfDB). The discussion focused on the policy, infrastructure, and investment frameworks needed to integrate gold into Nigeria’s financial system.

    The Gold Roadshow Africa concluded with a shared commitment among participants to strengthen policy alignment, promote private sector investment, and advance local processing to drive inclusive and sustainable growth across the continent’s gold value chain.

  • Not all that glitters is gold

    Not all that glitters is gold

    By Wole Olanipekun

    Before peeping into the future, let us face the reality of the present concerning these compatriots of ours. Agreed or admitted that in Europe or America where they migrate to in thousands on a monthly or quarterly basis, they have the good things of life at their beck and call – good security for their lives and properties, education for their children, good health care delivery, good infrastructure, living wages, electricity supply all-round the year, flawless transportation system, old age care, good and humane governments etc.

    The fact remains that irrespective of their nationalisation, they are treated as ‘blacks’ or, if they are in America, as Nigerian-American, or, in Canada, Nigerian-Canadian.

    While they can get away with some mischief in Nigeria, they are, over there, ‘in Rome’, and must always behave like a ‘Roman’.

    At all times, they must keep strictly and abide by the laws; at all times, they must be well-behaved; at all seasons, they must respect the state, if they are in the USA, and the Crown, if they are in the U.K.

    Whether or not they are married to the national of their new country, a time will come, subject to the nuances of the prevailing situation of that particular time, where their passports and visas can be interrogated, cancelled or withdrawn.

    Read Also: UNILAG appoints Ogunsan as CEDHUL board member

    Let us remind ourselves that within the African continent, Nigerians have variously been subjected to humiliation, intimidation, extortion, degradation, compulsory acquisition of properties, repatriation, etc., particularly in South Africa, nearby Ghana, Senegal, Cote d’Ivoire and Libya. We too expelled some Africans from Nigeria in 1983!

    Beyond the foregoing are the types of menial and odd jobs Nigerians engage in overseas, including mortuary attendants/undertakers, taxi drivers, working in old people’s homes/caregivers, dispatch riders/delivery agents etc.

    This is not to say that a sizeable number of Nigerians over there are leading professionals and businessmen who have made their marks. However, the fact remains that the conditions of living over there are not as seamless as projected.

    Just recently, a Nigerian husband was alleged to have killed his wife in the U.K over sharing of payment of bills.  Almost around the same period, another unidentified Nigerian migrant seeking greener pastures in Canada, died in a Canadian shelter while trying to keep himself warm.

    My take is that those fleeing the country should weigh the options very well, and be reminded of Hobson’s treatise on Imperialism.

    Taking a cue from Hobson, the exodus of human capital is akin to the extension of the national markets into foreign land, in search of profits greater than those available in the Mother Country.

    Apart from Hobson’s position is the issue of loss of national identity, from one generation to another, as we are witnessing now.

    Native language, call it mother tongue, is the strongest weapon that links a person to his roots, and this is learnt right from one’s cradle or infancy.

    China and Japan are veritable examples of countries that are developing so fast because all educational tools and modes of communication are in their respective languages.

    Here we are in Nigeria, with some of our children who cannot communicate with us, in our so-called mother tongues; the case of the grandchildren is more pathetic.

    Let us pause for a second and ask ourselves whether we have a typical English or American child who cannot communicate in the English language. We are in a serious dilemma, and plunging to an unending conundrum.

    There are examples of past migrations that turned sour in ages past. It appears human beings do not learn from history, but allow history to repeat itself on them.

    In this wise, the very horrendous aftermaths of past migrations, might have lost its meaning and effects on Africans, particularly Nigerians, who, not minding their age groups, hasten to flee Nigeria at the slightest opportunity.

    I recall some of my contemporaries who had been in Nigeria with us for the past four decades, but who suddenly remembered that they were citizens of the USA or Great Britain upon the outbreak of the Covid-19 pandemic.

    They dusted their foreign passports and fled to these foreign countries on diverse grounds, including that of old age care.

    All said; Nigeria as a country is the greatest loser in this narrative, while the citizens who flee to other countries are also losers in diverse ways, including the fact that they are always situated between a rock and a hard place, oscillating between the devil and the deep blue sea.

    From our interactions with a good number of them any time we travel to any of the countries where they are, one notices that they are like the proverbial bird that perches on a dangling thread, leading to a situation of unease, between the dangling thread and the bird. They always think of home, asking probing questions about Nigeria.

    In fact, they are more current about the goings-on and development in Nigeria than we – mention them: insecurity, politics, economy, dwindling fortunes of the Naira, educational instability, political disintegration, the state of our democracy and our elections.

    From their prodding questions and enquiries, you could hear them mumbling and muttering that popular old song “Oh my home, oh my home, when shall I see my home, when shall I see my native land, I will never forget my home.”

    Over there, they are always by the Rivers of Babylon, refusing to sing Nigerian Songs in foreign lands, but the native land is not that friendly for them to rush back to. Yet, one is reminded of the words of Andrew Carnegie, that “East or West, Home is the best”.

    In our collective interest, our generation must make the home not only conducive but also attractive for our children, nay, our youths, to remain focused and be fully engaged immediately upon leaving school.

    This was what obtained when people like us, including a good chunk of those in government at various tiers enjoyed when we left our various schools.

    We must never convey to our children and grandchildren the story of ‘a better yesterday’, making them think that we are rendering to them moon-light tales.

    Even in the olden days of ‘trade-by-barter’, countries exchanged products or goods produced by them for items of commensurate values which they did not have, and vice versa.

    Juxtaposing this old practice with the efflux or exodus of our human capital as represented by our youths today, the intriguing question arises, that is, what does Nigeria gain in this present narrative?

    Indeed, we gain nothing; whereas, we lose all! Our generation has inflicted this sordid situation on our children/youths, as well as ourselves, hence, it is imperative we halt the negative trend; otherwise, history will be harsh on all of us.

    •Excerpts of a lecture by Chief Olanipekun (SAN), former chairman of the Body of Benchers, at the 40th convocation of the Olabisi Onabanjo University, Ago-Iwoye, Ogun State.

  • Like gold, Nigeria going through furnace to shine, says ex-NNPP boss

    Like gold, Nigeria going through furnace to shine, says ex-NNPP boss

    Former national chairman of the New Nigeria People’s Party (NNPP), Prof. Ahmed Rufai Alkali said on Sunday that as gold must pass through the furnace to shine, Nigeria was undergoing trial and will soon overcome. 

    In his Easter message to Nigerians, Prof Alkali said Nigerians must remember that the path to greatness is never easy. 

    He called for understanding  saying through perseverance and determination, we shall  emerge stronger and more radiant than ever before.

    The former NNPP chairman said: “As Nigerians join the rest of the world to rejoice during this Easter season, we are filled with immense gratitude to God for sparing our lives to be part of this year’s Easter Celebrations.

    “On this auspicious occasion, I offer my heartfelt prayer for our nation and our people.  We pray, may God guide us towards peace, prosperity, and unity.

    “Let’s remember that the path to greatness is never easy. Just as gold must pass through the furnace to shine, Nigeria, just like other emerging nations, is also undergoing its own trials which surely we shall overcome.

    Read Also: Third Mainland Bridge reopens Thursday

    “Undoubtedly, through perseverance and determination, we shall  emerge stronger and more radiant than ever before.

    “In these challenging times, let us continue to keep faith in the visionary leadership of President Bola Ahmed Tinubu. His commitment to Nigeria’s progress is unwavering, and with our steadfast support, we can elevate our nation’s standing on the global stage.

    “Let us all remain steadfast in our pursuit of a better Nigeria. Together, we can overcome any  and all obstacles and build a future filled with promise and prosperity.”

    On its part, the national chairman  of the Action Democratic Party (ADC), Yabagi Sani said the period of the Easter celebrity presents a unique opportunity to somberly brood over our iniquities and pray fervently to God to heal our land.

    Sani swid the situation in the country was not hopeless as the government on its path is having sleepless nights just as the citizens are praying ceaselessly for the situation to improve.

    He said Nigeria is today going through very tough times while government has taken very tough measures which are indeed a bitter pill for the masses to swallow.

    He said the removal of fuel subsidy on May 29 is one policy that has resulted in a chain of economic actions not pleasant for the citizenry, while banditry and other anti-social acts have spiked causing great hardship to our people. 

  • Illegal exportation of gold, other solid minerals gone, says President

    Illegal exportation of gold, other solid minerals gone, says President

    • Alake: we will stimulate investments

    The era of exporting raw gold, lithium and other minerals is gone for good, President Bola Ahmed Tinubu said yesterday.

    He said that many local companies have already adjusted their business plans to the new normal, urging others to do same.

    The President said the creation of the policy of value addition to mineral resources before exportation by his administration was to halt the huge losses recorded through the exports of unprocessed mineral commodities.

    He spoke in Abuja at the second day of the eighth edition of the Nigerian Mining Week which was organised by the Miners Association of Nigeria (MAN).

    Read Also; Reps want FG to channel fuel subsidy savings to healthcare

    Solid Mineral Development Minister, Mr. Dele Alake, whose ministry hosted the event at the International Conference Centre (ICC) in conjunction with others, said an end is in sight for the exportation of raw materials.

    The President, who was represented by the Secretary to the Government of the Federation (SGF), Sen. George Akume said: “This administration has hit the ground running with remodeling the former Ministry of Mines and Steel Development into the ministry of Solid Minerals development and Ministry of steel developments, the orders to demonstrate the resolve of the federal government to maximise the potentials of the mining industry significantly improves its contribution to the revenue of government.

    “The present administration has observed the huge losses recorded by the nation through the exports of crude mineral commodities and therefore has evolved a policy of value addition to its mineral resources before exportation, the policy will ensure that the teaming youths in the country will also be meaningfully absorbed in economic benches that will empower them while developing their skills.

    “Through this policy, the era of export of crude minerals from Nigeria is gone. It is gratifying to note that many companies in Nigeria have already adjusted their business plans to this new normal and we hope others are encouraged to do same

    “We are determined to use every potential to industrialised this great country. There is no reason why Nigeria and Africa should not be leading in any of the critical mineral value chains.

    “The recent global trends in the energy transition initiatives have led to stunning discoveries which has opened Nigeria to geological exploration works that have grown the availability of huge lithium resources of high grade across many states in Nigeria.”

    The minister cited the take-off of a lithium battery production factory in Ondo, Ondo State and similar start-ups all over the country as gains of the policy.

    He got an ally in Nasarawa State Governor, Abdullahi Sule, who informed that two other mineral processing plants with billion-dollar finished goods were set to start.

    Alake restated the commitment of the Tinubu administration to revive economic growth by  developing vast solid mineral deposits in the country.

    The minister described the theme of the 2023 mining week tagged: “Capitalising on Nigeria’s critical mineral resources for its economic growth”, as a demonstration of the government’s determination to  reduce dependence on oil through sustainable development of the solid minerals sector.

    He said: “Our vision for the mining sector transcends mere resources extraction. We are firmly committed to conducting mining activities that are economically sustainable, socially responsible, and economically beneficial.

    “We believe mining operations should serve as catalysts for community development and job creation and adhere to industry best practices that minimise ecological footprint.

    “As we convene here today, I want to assure you that the Ministry of Solid Minerals is wholeheartedly dedicated to advancing the Mining Sector in Nigeria. We are actively addressing the historical challenges that have hindered our progress, including infrastructure deficits, inadequate geological data, and the emerging imperative needs for modern mining.

    “Our ongoing efforts also encompass improving the ease of doing business within the sector, enhancing transparency, and enforcing regulations that protect the interests of investors, the environment, the Mining Host Community, and Gender issues.”

    Shedding light on his seven-point agenda for the ministry, Alake hinted of plans for the establishment of the national mining company; harnessing technological innovation to revolutionise the mining industry; sustained geo-science data generation; empowering local communities by ensuring they benefit from mining activities; enhancing infrastructure development for mining and addressing prevalent security challenges amongst others.

    He said: “Nigeria is endowed with valuable solid minerals like limestone, gold, baryte, bitumen, lead-zinc, coal and iron ore, to mention but a few.  This natural wealth indicates a significant reservoir poised for exploration and development.

    “These resources can potentially reduce our dependence on oil revenues, diversify our economic base, serve as the bedrock of sustainable development across various sectors, and provide significant job creation opportunities.”

    At the event were Minister of Steel Development, Prince Shuaibu Audu; Minister of Trade, Investments and Industries, Dr. Doris Uzoka-Anitie; Managing Director/Chief Executive Officer (MD/CEO) African Finance Corporation (AFC), Samaila Zuberu and a host of other stakeholders in the mining sector.

  • I see my music as Gold

    Wearing different caps as video editor, music producer and jazz musician, Edwin Utere, who is popularly known as Ed Izycs, is largely self-taught. Set to release his maiden album titled, ‘Gold’, in April, Ed spoke to JOE AGBRO JR. about learning his skills via YouTube, producing music and why he thinks people have capacity to do more.

    AS Ed Izycs, sporting dreadlocks, prepared for his act during 2018 Felabration in Lagos, the audience inside the Afrika Shrine, Ikeja, venue of the annual festival held in honour of legendary founder of Afrobeat, Fela Kuti, watched in anticipation. His set up, a keyboard and a MacBook, was unusual in that environment. But as he delved into his composition, ears cocked to the instrumentals booming from the speakers. And alternating between his flute and computer, he started creating jazz music that mesmerised the audience.

    “For a successful instrumental musician, you need to have like a band, you need to have a drummer, a bass guitar,” Ed said.

    “What I do is I create the base music first. After creating that, I know that this is the background music. This is what will play while I’m performing. When that is playing, I play the piano and I play the flute alongside. It gives this surreal feeling, people don’t understand what is going on.

    He would later create a more surreal scene when he played two flutes simultaneously.

    “It’s a lot of work but I’ve practiced it a lot and I’m in total control of all the sounds,” he said.

    “So, you have to find a way to split your head and your fingers to get two different sounds. I mean, it doesn’t come easy but it’s worth it.”

    Ed said he was once performing and someone said it was the laptop playing the flutes. So he stopped the performance, played each flute individually, before playing both together. He said the person then clapped and apologised.

    “So, people see it as very impossible but the way our brains are, there is a lot of space. If you actually put your mind to do something, you will be able to figure it out. I think that’s how the brain works because it’s so large. You can be video director, you can be an animator, you can be a musician, you can be a chef. It’s how you harness it.”

    And harnessing that brainpower is what Ed who celebrated his 29th birthday on March 15, is all about.

    Finding Jazz

    THE second born in a family of six boys, Ed grew up in Rumukurushi, Port Harcourt, Rivers State. He said his dad loved music a lot and used to perform as a Michael Jackson impressionist when he was younger.

    “So, while we grew up, he always made sure there was enough music in the house,” he said of his dad.

    “He would buy music instruments and just put them in the house, though we didn’t have passion for them at that time but they were just present.”

    His dad’s love for jazz would also ensure Yanni’s music often enveloped the house.

    “We’ll wake up listening to Yanni. We’ll go back to bed listening to Yanni and I enjoyed how they make music then. Yanni’s band was wonderful. They had everybody that was exceptional at their instrument.”

    Ed says he started taking music seriously when he finished secondary school in 2006. The instruments lying around started appealing to him. And being fascinated by Flutist in Yanni’s band, Ed wanted to play the flute. However, he started learning the piano first before transiting to the flute.

    “Basically, I just practiced by myself at home, did a lot of trial and error. And the beautiful thing I discovered was the internet, was YouTube. I learnt almost everything I know today from YouTube. So, the fact is that my dad made that conducive environment for me and that those things were available and the resources, tutorials to learn those things were also available online.”

    Ed later got admission to study Mass Communication at the Rivers State Polytechnic but stopped after two years because he was not enjoying it as much as he thought. He took to YouTube to learn video editing, a skill would that would be vital for his career.

    All the while, he continued honing his music skills and would perform every Friday at his mum’s restaurant.

    “It was not sounding good but I mean, I enjoyed it,” he said of the experience.

    “But for the fact that they believed that this is their son doing this, they supported me. And then, over time, I got better and better.”

    In fact, it was his parents that helped him secure a pass to play at the Calabar Jazz Festival. The organisers were impressed and asked him to come and perform in subsequent editions.

    However, because of the peculiarity of the jazz genre, Ed said it was tough finding a producer who understood him. To go around that, he said he learnt how to produce his own music – from his elder brother, LeriQ, who is a producer and also from YouTube.

    “All the things in my head, I could not tell somebody because they would not even understand where I was coming from.”

    Gaining online

    ED trudged on and in 2014, when he did a video of his first single, ‘Celebration’, and put it on YouTube, his career leapfrogged.

    “The video was done with a mobile phone,” Ed said.

    But it was enough to capture the attention of Lagos-based Cadilly Entertainment, which signed him on pronto.

    “They called me and said they liked what I am doing, come let’s work together. At first, I was doing it just for fun but they said there’s a lot of potential in this. Then I came to Lagos and signed the deal.”

    He started doing more songs, more videos and more gigs. He opened for Lauryn Hill when she came to Lagos in 2015.

    “After I performed, she was really impressed,” he said.

    In 2016, he released an EP, “The SongZ of iZycs” which had nine songs.

    And aside Calabar Jazz Festival, where he has performed several times, and other jazz festivals in the country, Ed has also performed in Dubai, South Africa and Uganda, doing collaborations with South African singer Kimberleigh Venty and Ugandan singer Eddie Kenzo. In fact, he spent two months in Uganda and did a video for his song, ‘Zuri’ which means ‘beautiful’ in Swahili, there. On the local scene, he has done songs with Skales and MI.

    Cadilly Entertainment, he said, “believes in my music that it will succeed.”

    And his maiden album, titled ‘Gold’, which has 13 songs and two bonus songs, is scheduled to be released on April 12 in Lagos. It would also be launched in Port Harcourt and Abuja.

    “This is my interpretation of things we have put in,” he said on why he chose ‘Gold’ as the title.

    “I feel that they are as valuable as gold. If you listen to the composition I have put together, they’re really befitting for that word ‘gold.’

    The album also comes with a video cd and Ed did the videos, album design and art direction.

    “Basically, I did everything,” he said.

    “There’s an Eddie that does video, there’s an Eddie that does music and there’s an Eddie that produces. I make sure all of them are top quality.”

    He has done music videos for artistes such as YQ, DY Humilty, Terry G and NOSA.

    Committed to his music, Ed, who is still a bachelor, said he is presently off relationships. However, he enjoys playing video games.

    “If I’m not making music or creating something for work, I’m playing video games and watching videos,” he said.

    “I have Playstation 4, I have an X-Box, and I have a PC. Video games help me relax a lot.”

    But he also finds time to learn. And three years ago, he took to the internet again to study.

    “I started learning animation, graphics, design and I got a diploma for that too,” he said.

    “The internet is beautiful. If you know how to harness it, it’s an unlimited resource for anything you’re looking for. I learnt how to play the piano from there, how to combine the flutes from there, how to produce from there. Because after you have made the music, you have to shoot the videos for that music. And every video director then was expensive. So, I had to learn how to make videos. So, YouTube was there to also teach me how to make videos. Till today, I still go back to the internet to look at how to make my craft better and it’s a good place to reach out to people too.”

    Inspiration

    TALKING about his source of inspiration, Ed who is learning to play the violin and guitar said, “whenever I see power, I’m always inspired to create.”

    This, he said, stems from growing up in Rumukurushi where electricity was nearly absent.

    “All of us in the house, we had so much ideas but we couldn’t expand on them because there was no electricity. So, we always kept it in our head. But whenever light comes, everything you had planned in your head would just start coming out because you have to do so much before they take the light.”

    He also said he gets inspired when he listens to the likes of Asa, Darey and Yanni.

    “When I listen to their music, it gives me the idea that I’m not the only one.”

    And while Ed feels good that some of his fans have compared him to Yanni, he likes to be his own man too.

    “I hardly do covers. Everything I create is being composed by me. And I make it sound as original as possible. I’m glad when they refer to me as Yanni but it feels good to understand that this is Ed Izycs.”

    The artiste who hails from Ikot Abasi, Akwa Ibom, has an advice for up and coming artistes.

    “If you’re doing stuffs, you should have it at the back of your mind that people are always listening, people are watching, people are seeing what you’re doing. So, don’t stop. There’s a normal saying that ‘practice makes perfect.’ I don’t think that is correct. But I think that it is perfect practice that makes perfect because if you’re practicing wrongly you wold not have the results.”

  • Fed Govt approves gold buying centre, refinery

    The Federal Government has approved a gold buying centre and refinery in the country.

    Acting Minister of Mines and Steel Development, Hon. Abubakar Bwari said the approval would halt current exploitation of the country’s gold and gemstones by artisanal small scale mine operators.

    According to him, the country’s gold and gemstones are mostly smuggled out of the country in unrefined/unprocessed form, leading to massive losses of revenues to government and the producers.

    He said the establishment of a gild refinery and faceting centre in Nigeria would go a long way in preventing gold/gemstone smuggling.

    Speaking during the ainauguration of  AMRAN Faceting Incubation Centre in Abuja,  Hon. Bwari said: “Nigeria is endowed with gold and gemstone resources located in several  states that are currently exploited by ASM operators. These are mostly smuggled out of the country in unrefined / unprocessed form leading to massive losses of earnings for government and the producers, as the gold / gemstones are mostly not appropriately priced.

  • Buhari has written his name in gold, says Ambode

    LAGOS State Governor Akinwunmi Ambode has described the recognition of June 12 as the authentic ‘Democracy Day’ as a victory for democracy.

    Speaking at a symposium in Ikeja, Lagos, yesterday in commemoration of the 25th anniversary of the June 12, 1993 election, he said with this declaration, President Muhammadu Buhari has written his name in gold in the democratic history of Nigeria.

    He said: “It was a day that Nigerians put aside their ethnic and religious biases and spoke with one voice. But sadly the mandate that was given to Abiola on that day by Nigerians was thwarted by the military.”

    The symposium, which took place under the theme, “Restructuring: An Antidote for Effective and Efficient Polity”, was organised by the Office of Civic Engagement of the Lagos State Government in conjunction with the June 12 Coalition of Democratic Formations.

    It was put together to honour the widely acknowledged winner of the election, the late M.K.O. Abiola and his contribution to the country’s democratic dispensation.

    The Lagos State governor also paid glowing tributes to other heroes and heroines of the June 12 struggle, including Gen. Alani Akinrinade, Prof. Wole Soyinka, Ambassador Walter Carrington, Justice Dolapo Akinsanya, Chief Frank Kokori, Rear Admiral Ndubuisi Kanu, Mr. Wale Oshun, Alhaji Balarabe Musa and other activists who participated actively in the struggle for the restoration of the mandate.

    He added: “We also pay glowing tribute to the beautiful memories of patriots such as Alhaja Kudirat Abiola, Pa Michael Adekunle Ajasin, Pa Abraham Adesanya, Chief Michael Enahoro, Chief Alfred Rewane, Dr. Beko Ransome-Kuti, General Adeyinka Adebayo and several others, including innocent ordinary Nigerians, young and old who were murdered in cold blood on the streets of Lagos and in other major cities of Nigeria. Today, we declare that their sacrifice has not been in vain,” he said.

    Ambode also commended Asiwaju Bola Ahmed Tinubu, who governed the state between 1999 and 2007, for being the pioneer governor to declare public holiday on June 12 throughout his tenure in office, as well as his predecessor in office, Mr. Babatunde Fashola (SAN), for his steadfastness in upholding the tradition.

    He said the occasion attests to their visionary leadership.

    He said Nigeria cannot do without restructuring, because fiscal federalism is the only way to achieve true federalism. Alluding to the late Abiola’s campaign slogan, ‘Hope ‘93’, the governor said hope is now renewed for Nigerians.

    Speaking on the theme of the symposium, the guest lecturer, Dr. Dele Ashiru of the Department of Political Science, University of Lagos (UNILAG), called for the amendment of the 1999 Constitution to ensure removal of provisions which inhibit successful running of functional system, especially revenue sharing formula which he said must be by derivation, among others.

    Ashiru said Nigeria is at a crossroads at the moment and that the country must face the challenges squarely or it will pay dearly for it later.

    The guest lecturer said June 12 exposed the structural deficiencies the British colonial masters bequeathed to Nigeria, following the 1914 amalgamation of the Southern and the Northern Protectorates of Nigeria. He said: “A situation where one person sits in Abuja to share the money that accrues to the various arms of government is an anathema to federalism.”

    He blamed the structural deficiencies for most of Nigeria’s current woes, including agitation by minorities, poverty, corruption, armed robbery, kidnappings and the lack of unity among the various nationalities that make up the country.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

  • Gold rises after Trump proposes more tariffs on China

    Gold prices rose on Friday as investors sought safer assets after U.S. President Donald Trump proposed 100 billion dollars in new tariffs on China, raising concerns about an escalating trade spat between the United States and China.

    Spot gold was 0.4 per cent higher at 1,330.78 dollars per ounce as of 0032 GMT, and the U.S. gold futures rose 0.4 per cent to 1,334.10 dollars an ounce.

    Spot gold on Thursday dropped to a one-week low of 1,322.40 dollars an ounce after the United States and China signalled willingness to negotiate a trade dispute.

    However, President Donald Trump late on Thursday said he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China, fueling an already heated trade dispute between the world’s two biggest economies.

    U.S. stock markets slid and the yen rose against the dollar on Friday.

    Gold-backed exchange traded funds in North America saw inflows in March, amid market volatility and as trade tensions between the United States and China drove safe-haven purchases to bullion, while Europe saw outflows for the second straight month.

    Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.24 per cent to 854.09 tonnes on Thursday from 852.03 tonnes on Wednesday.

    Physical-gold demand in most Asian hubs was muted this week, weighed down by stronger prices, despite a slight pick-up in buying in India ahead of the wedding-season and a key-festival.

    The U.S. trade deficit increased to a near 9-1/2-year high in February, with both imports and exports rising to record highs in a sign of strong domestic and global demand.

    Koza Ltd, whose founder had to abandon his Turkish gold assets, is expanding its operations in Britain.

    It has a one million programme to drill for it in Ayrshire, Scotland, together with a venture partner, the company said on Thursday.

    Swiss refiner Valcambi said it has signed a long-term deal to refine and sell-on gold from a Fairtrade-accredited concession of Peruvian mining co-operative Minera Limata.

    The concession is part of a broader strategy to drive responsible mining.

    International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor.

    Reuters/NAN

  • Govt to end gold mining abuse

    Govt to end gold mining abuse

    The Federal Government will, in the next few months, end the indiscriminate mining and exportation of gold.

    The development is aimed at ensuring that product is well mined, processed, and exported to attract good prices at the international market.

    The Special Assistant on Media to Dr Kayode Fayemi, Minister for Solid Minerals, Mr Yinka Oyebode, said the idea would enable both the private and the public sectors to achieve good profit margins.

    In an interview with The Nation, Oyebode said plans were afoot to improve the mining, export and sale of gold from Nigeria at the international market, adding that the government is experimenting the idea of transforming the process of mining gold, first with two states.

    Oyebode said: “With respect to the issue of mining gold to attract good pricing in the international market, the government has started the pilot studies with Osun and Kebbi states. More would join as time goes on.

    ‘’Hitherto, local miners are selling the product to the Congolese and the Chinese at a ridiculous low price, a development, which informed the decision by the government to try and find solution to the issue.”

    He said pilot studies were taking place, adding that in the next few months, there would more exploration and earnings from the resource.

    According to him, the development would enable the government to improve its earnings in form of royalties from exploration of gold, and help the private sector operators.

    He said solid mineral activities were private sector-driven since  mining and export were handled by private operators, stressing that the government is only providing guidelines on what, where and how things should be done in order to improve the growth of the sector.

    He said the government will allow private sector operators to buy into the initiative to encourage the industry growth.

    “The reasons behind the transformation of the solid minerals sector, especially the gold aspect of it by the Federal Government are many. First is to help in improving the price at which the product is bought at the market,’’ he added.