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Investor Urges Integrated Market To Unlock Africa’s Potentials In Gold

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From Lateef Taiwo

The Executive Vice-Chairman of Kian Smith Refinery, a subsidiary of Kian Smith Group, Nere Emiko, has urged African countries to adopt integrated market solution for gold to unlock the economic potentials of her rich endowment in gold reserves.

Emike who was advancing the new market strategy during her presentation at the ongoing 3-day second edition of the African Natural Resource and Energy Investment Summit, AFNIS, themed: “Towards a Just Transition” in Abuja, sees Africa, with virtually all the countries either producing or trading in gold, ruling the world in gold.

She said,”What is needed is an integrated 21st century marketplace solution for gold; from mines to market, supply meeting demand, transcending borders and currencies

“The gold market is inherently global and gold is traded continuously throughout all time zones.

“However, there are some important distinctions across geographies such as trade restrictions, taxes on gold and differing bar standards such that a single integrated trading market does not exist.

“We believe with the emergence of digital tokenisation of gold, cross border payment solutions and global acceptance of responsible sourcing programmes, we are on the way towards seeing the emergence of a single integrated gold trading platform.

“It is not uncommon for developing nations with quantifiable gold reserves and significant mining activities to lack integration and structure in its gold value chain to support its jewellery and financial ecosystem.”

She harped on the need to take advantage of the solutions provided by blockchain for real time transactions as there is a growing demand globally for a digital asset that provides exposure to gold and silver which has in turn prompted geopolitical need for an alternative financial system to transact with.

The advantages, as outlined by her, includes: Simplified payment & usability; bridge between fiat and cryptocurrency; public audit of holdings; traceability and chain of custody (from mines to market); as well as provenance and ownership (for vaulting & bullion banking).

She lamented that “despite more than 70% of African countries having significant gold mining sectors, neither the people nor their governments can access precious metals” due to certain challenges.

According to her Kian Smith has come up with solution in SANU – a composite digital representation of gold & silver made up of the combination of SANU Gold (Sanu GLD) and SANU Silver (SANU SLV) respectively.

“Clients can therefore own physical gold or silver in secure vaults with the convenience of viewing their holdings online. SANU is built on one of the world’s leading blockchains. It’s issued by Kian Smith Company.

“This guarantees a secure physical audit trail and transferability across clients on the application. All transactions operate according to the regulations of the audited smart contract,” Emiko explained.

Kian Smith is the first Gold Refinery in Nigeria.

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Defence/Security

Banditry: Rep member condemns attack on Kwara community

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Stephen Olufemi Oni, Ilorin

The Member representing Ekiti/Isin/Irepodun/Oke-Ero Federal Constituency in the National Assembly, Hon. Raheem Tunji Olawuyi Ajuloopin, has strongly condemned the recent attack in Idofin Odo-Ashe, Oke-Ero Local Government Area of Kwara State, describing it as a cowardly act that seeks to disrupt the peace and stability of the community.

Hon. Ajuloopin, in a statement personally signed by him, expressed deep concern over the unfortunate incident and sympathised with the victims, their families, and the entire community affected by the dastardly attack, emphasising that acts of violence have no place in a civilised society, and therefore urged security agencies to intensify efforts in bringing the perpetrators to justice.

While commending the swift response of both the federal and Kwara State governments, as well as the security agencies and local vigilante groups, the lawmaker reiterated that the fight against insecurity requires collective responsibility, calling on traditional rulers, community leaders, and residents to remain vigilant and cooperate fully with security operatives by providing timely and credible information.

“Security is everyone’s business. We cannot afford to leave the safety of our communities solely to government agencies. Every citizen must be actively involved in safeguarding our environment and ensuring that peace prevails,” Hon. Ajuloopin admonished.

He reaffirmed his commitment to continued collaboration with relevant authorities to ensure that lasting peace in all parts of Kwara South and beyond.

Hon. Ajuloopin also appealed for calm, assuring that both the federal and state governments are working tirelessly to address the root causes of insecurity and prevent future occurrences.

End

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Governor Namadi Attends High profile Ministerial Meeting On Self-Sufficiency In Cairo

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From Hassan Taiye

Governor Umar Namadi is currently in Cairo,Arab Republic of Egypt, attending the Third High-Level Ministerial Meeting on Rice Self-Sufficiency, holding from October 7th to 9th, 2025, in Cairo and Sakha.

The meeting, themed “Towards Rice-Based Agri-Food Systems Transformation and Delivering on Rice Self-Sufficiency through Peer-to-Peer Learning: The Case of the Arab Republic of Egypt,” is jointly organized by the Egyptian Ministry of Agriculture and Land Reclamation, AfricaRice, the Arab Organization for Agricultural Development (AOAD), and other key continental partners.

This high-level gathering brings together African Ministers of Agriculture, State Governors, and agricultural leaders to share practical experiences on achieving rice self-sufficiency and agricultural transformation.

The event will showcase Egypt’s remarkable progress in achieving rice self-sufficiency despite its limited water and land resources, offering valuable lessons adaptable to other African contexts.
Namadi is participating alongside top policymakers, agricultural experts, and private sector players from across Africa to discuss innovations, policy reforms, and strategic investments aimed at strengthening food security and transforming the agricultural sector on the continent.

Over the three-day programme, delegates will engage in high-level ministerial sessions, technical discussions, and a field visit to Egypt’s renowned Rice Research and Training Centre (RRTC) in Sakha.

During the visit, participants will interact directly with Egyptian scientists and farmers to learn about the country’s advancements in high-yield rice varieties, efficient irrigation systems, and modern post-harvest technologies.

Jigawa State’s participation in this important forum underscores the state’s commitment to agricultural transformation, food self-sufficiency, and consolidating Jigawa’s position as one of Nigeria’s leading hubs for rice production and agribusiness development.

The meeting is expected to conclude with a Ministerial Declaration setting a continental roadmap for achieving rice self-sufficiency through collaborative research, policy coordination, and targeted investment across the rice value chain.

Governor Namadi is accompanied by senior officials from the Jigawa State Ministry of Agriculture and related agencies.

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There’s Political Genocide Against Christians in Northern Nigeria – Aisha Yesufu

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By: Fabian Apechihin

Sociopolitical activist Aisha Yesufu has accused Nigerian political leaders of perpetuating what she described as a “political genocide” against Christians in Northern Nigeria.

Yesufu made the remark on Tuesday in response to American comedian and TV host Bill Maher, who recently alleged that Nigerian Christians are facing coordinated attacks.

Maher, speaking on his HBO show, said, “I’m not a Christian, but they are systematically killing Christians in Nigeria. They’ve killed over 100,000 since 2009 and burned 18,000 churches. These are the Islamists, Boko Haram.”

Reacting via her X handle, Yesufu criticized what she called hypocrisy among Nigerian politicians who express concern over Christian persecution yet supported the Muslim-Muslim presidential ticket during the 2023 elections.

“You are shouting that Northern Christians are being persecuted, but you championed a Muslim-Muslim ticket! Their Christianity was not Christian enough for you during the 2023 election,” she wrote.

She concluded by calling for greater attention to what she termed the “political genocide” against Northern Christians, urging consistency in both words and actions when addressing religious and political marginalization in Nigeria.

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