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Alake Targets Stronger Naira With National Gold Purchase Programme

National Gold Purchase Programme

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By Adedapo Adesanya The Minister of Solid Minerals Development, Mr Dele Alake says the National Gold Purchase programme will increase the country’s reserve and boost the Naira’s value. This was disclosed when he presented the latest gold bar sourced from artisanal and small gold miners and refined in the country to President Bola Tinubu, according to a statement on Sunday. Mr Alake said the refined gold meets the London Bullion Market Association Good Delivery Standard and would be sold to the Central Bank of Nigeria (CBN) to bolster foreign reserves. The Minister said the production marked the first commercial transaction

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