Two gold refineries set to begin operations in Nigeria

Nigeria has licensed two gold refineries to produce gold for export and for the central bank to hold in its reserves, Minister of Mines and Steel Development, Olamilekan Adegbite told reporters in the capital, Abuja.

He said that that licences had been issued and the central bank would be the main off-taker, holding some of the gold in its reserves.

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“We have licensed two refineries in Nigeria. They will refine gold and of course produce bullion that the CBN [Central Bank of Nigeria] can buy at international prices,” he said. He added that one of the refineries will be in Abuja, the capital and the other in Ogun State.

Nigeria has licensed two gold refineries to produce gold for export and for the central bank to hold in its reserves, Minister of Mines and Steel Development, Olamilekan Adegbite told reporters in the capital, Abuja.

He said that that licences had been issued and the central bank would be the main off-taker, holding some of the gold in its reserves.

“We have licensed two refineries in Nigeria. They will refine gold and of course produce bullion that the CBN [Central Bank of Nigeria] can buy at international prices,” he said. He added that one of the refineries will be in Abuja, the capital and the other in Ogun State.

Nigeria has licensed two gold refineries to produce gold for export and for the central bank to hold in its reserves, Minister of Mines and Steel Development, Olamilekan Adegbite told reporters in the capital, Abuja.

He said that that licences had been issued and the central bank would be the main off-taker, holding some of the gold in its reserves.

“We have licensed two refineries in Nigeria. They will refine gold and of course produce bullion that the CBN [Central Bank of Nigeria] can buy at international prices,” he said. He added that one of the refineries will be in Abuja, the capital and the other in Ogun State.

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