There are 21 local government areas in Adamawa state, Northeast, Nigeria. Toungo council area is the largest in terms of land area in the state. The table below shows the LGAs in Adamawa, and their population using the 2006 National Population Commission or the estimates of some of the council areas. Council Areas Population Land … Read more
Recently, authority in Uganda revealed that the geophysical and geochemical surveys and analyses coordinated by its Ministry of Energy and Mineral Development has discovered 31,000,000 metric tons of ore that could lead to at least 320, 158 metric tons of refined gold. This is a piece of good news coming from the East African country, … Read more
Trading currency pairs in the forex market can be a good way to make extra money. But, just like trading stocks in the stock market, you need to know how to make the right moves in order to avoid losses and increase your chances of making solid returns on the money you have invested in … Read more
While the bloodbath in the crypto market has led to the loss of several billions of dollars in investors’ monies, President of El Salvador Nayib Bukele certainly sounded unperturbed by the latest crypto crash and he is also advising Bitcoin investors not to be anxious about the market price. In a tweet, Bukele said: “I … Read more
Exactly a year ago (June 19, 2022) the price of a bitcoin was $35,854.53 and ending the year at $47,169.37 with over $875 billion market capitalization. On Saturday, June 18, 2022, the most capitalized cryptocurrency dipped below $20K for the first since late 2020. After Bitcoin achieved its All-Time High of $68,789.69 on November 10, … Read more
The world’s largest economy, the United States has the highest gold assets in the world with 8,133 metric tons worth over $526 billion USD in the first quarter of 2022. The table below shows the gold reserves by metric tons of 50 countries held by the apex banks of the countries: Ranking Country Reserve 1 … Read more
China isn’t just the largest economy in Asia, the country also has the largest gold reserves held and controlled by the People’s Bank of China (PBC). China’s gold holding at 1,948 metric tons is more than the combined holdings of Japan, India, and Uzbekistan (846, 754, and 337 respectively). At the G20 level and global … Read more
On September 26, 1999, when a group of twenty economies came together to sign the formal formation of what is today known as G20, they meant business. And they have shown their economic capacity judging by the tonnes of gold reserves of the member countries. G20 is made up of 19 countries and the European … Read more
For more than a century, the major occupation of the people of Adamawa is farming – cattle rearing, fishing and poultry – it’s incredible to note that the Northeast state has mineral resources and precious metals in abundance. Adamawa is among the states with different natural resources in Nigeria scattered in different parts of the … Read more
The United States Federal Reserve maintains its lead as the highest gold reserves with 8,133.47 metric tons in the comity of North and South American countries. Rank Countries Reserves by tonnes 1 USA 8,133 2 Venezuela 161 3 Brazil 130 4 Mexico 120 5 Argentina 61.74 6 Bolivia 42.51 7 Peru 34.68 8 Ecuador 21.93 … Read more
According to the official statistics of the United Nations, there are 14 countries in Oceania, but only three of the central banks in that continent are holding the precious metal for economic purposes. They are Australia, Papua New Guinea, and Fiji have a minute of gold holding in the smallest continent in terms of land … Read more
Algeria’s Gold Reserves held by the country’s Central Bank is the highest in Africa with 173.56 tonnes in the first quarter of 2022, a report by the World Gold Council has revealed. Apart from the gold reserves held by The Bank of Algeria, the North African country is also blessed with the most precious metal … Read more
Germany is the European country with the largest gold reserves 3,358 metric tons by end of 2021. There are more than five locations where gold can be found in Germany The country throws Russia, the largest country in terms of land area on the continent, to the 4th position in terms of gold holding. Italy … Read more
While some international investors and financial analysts believe that gold investing could be used as a hedge against inflation, there are other claims that such measures are ephemeral. But the latest report by gold hub revealed that some Central Banks across the world are gearing up to increase their gold reserves as one of their … Read more
The wave of free fall in the cryptocurrency market is not over as the leading crypto Bitcoin (BTC) on the early morning of Monday, June 13, 2022, dipped below $24K. Specifically, BTC was trading at $23,607.69 at the time of this report (13:13), other major cryptocurrencies Ethereum (ETH), Solana (SOL), Litecoin (LTC), Binance Coin (BNB), … Read more