Tuesday, June 30, 2026

National Gold Purchase Programme (NGPP)

March 4, 2026

CBN boosts reserves with locally mined gold as Cardoso pushes for mineral reforms

Countries such as Egypt, Kenya, Rwanda, Namibia, and Tanzania have increased or planned gold purchases to diversify from reliance on foreign currencies.

CBN logo/mined gold
June 23, 2024

Nigeria boosts foreign reserves with $5 million from first gold sales

Mr Alake said the bars will soon be sold to the Central Bank of Nigeria to strengthen the nation’s foreign reserves.

President Bola Tinubu and Dele Alake (Credit: Dele Alake)

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