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Good Morning Nigeria: Unlocking vast potential in solid minerals

​Unlocking vast potential in solid minerals

Today we turn our attention to the solid minerals industry. The slide in the oil price and the exposure of Nigeria's Achilles heel has reinforced the need for economic diversification. For economic development in many emerging markets, mineral resources are the bedrock for industrialisation. The Buhari-led administration has listed solid minerals as one of its priority sectors. Based on data from the Nigerian Extractive Industries and Transparency Initiative (NEITI) there are over 40 different solid mineral deposits across Nigeria, which are hugely untapped. The private sector continues to urge the government to invest more in geoscience data gathering, as bankable data is a key driver for investors.

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FBNQuest
FBNQuest

In today's rapidly changing financial environment, we believe our clients need a financial partner they can rely on to provide clear guidance, progressive thinking and innovative products. Our in-depth and qualitative research covers macroeconomics, fixed income and equities, offering timely market commentary and detailed analyses of the local economy, major sectors listed on the Nigerian Stock Exchange (NSE) and the Federal Government of Nigeria bond market. Our sound recommendations are based on a thorough and objective analysis of the relevant companies within the context of their respective industries, the local market and international peer set. Our research is well recognized and acclaimed for its value and integrity, as we provide existing and prospective investors access to reliable, independent, quality research to aid investment decision-making and strategy development.

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