World Bank okays US$150m for mining sector

World Bank okays US$150m for mining sector: The federal government (FG) has secured a US$150m loan from the World Bank for the Mindiver Project, the minister for mines and steel development, Kayode Fayemi, has said. Fayemi said the fund will go to strategic interventions in the mining sector. He added that plans are also underway to pull another US$600m investment fund for the sector working with the Nigerian Sovereign Investment Authority, the Nigerian Stock Exchange, among others. (Source: The Nation)

Senate seeks commodity board, regulation of food prices: Piqued at the high food prices in the market despite increased food production, the Senate Committee on Agriculture has called for the establishment of an Agricultural Commodity Exchange Board to regulate market food prices. (Source: Guardian)