GOV UBA SANI ANNOUNCES PLAN FOR NIGERIA’S LARGEST INTER-STATE BUS TERMINAL IN KADUNA. (PHOTO).

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 Gov Uba Sani Announces Plan For Nigeria’s largest Inter-state Bus Terminal In Kaduna Kaduna State Governor, Uba Sani, has unveiled plans to construct what he described as the largest inter-state bus terminal in Nigeria, both in scale and supporting infrastructure. The governor made the announcement on Sunday during the groundbreaking ceremony for the project, which will be located on a 20-hectare site along the Eastern Bypass in Chikun Local Government Area of the state. According to him, the ultra-modern facility will operate as a dual terminal capable of accommodating over 5,000 vehicles. It will be equipped with intelligent traffic management systems, advanced surveillance infrastructure, escalators and elevators to ensure easy access for all users, including the elderly and persons with disabilities. Governor Sani disclosed that the terminal will also feature refuelling stations for petrol, diesel and compressed natural gas (CNG), positioning Kaduna State as a leader in sustai...
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U.S COMPANY SECURES $150M FUNDING FOR ZIMBABWE GOLD MINE. (PHOTO).

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 US company secures $150m funding for Zimbabwe gold mine


US mining company Caledonia Corporation said it raised $150 million via a seven-year convertible bond offering to fund its Bilboes project, which, once operational, will be Zimbabwe's largest gold mine.


Zimbabwe-focused Caledonia's debt issuance is the biggest international capital raising in over a decade for the country, which had been shunned by global investors due to economic and policy volatility.


Spot gold prices surged to more than $4,800 per ounce on Wednesday, driven by investors seeking havens who are backing miners like Caledonia to lift output.


In a statement on Wednesday, Caledonia - which operates the 80,000-ounce-per-year Blanket mine in Zimbabwe - said demand for the offering from U.S. institutional investors exceeded $600 million.


Assets


"Receiving more than $600 million of demand from high-quality North American investors is a tremendous endorsement of our strategy, the quality of our assets, our operational track record, and the long-term prospects of the company," Caledonia CEO Mark Learmonth said, Reuters reported.


Caledonia said the bond issue is part of a broader strategy it is pursuing to fund Bilboes, which is expected to start production in late 2028. The mine is expected to reach annual output of 200,000 ounces from 2029 for an initial period of 10 years.


The company is also arranging a $150 million funding facility with a consortium of Zimbabwean and South African banks and will also engage regional and global lenders for Bilboes financing.


The Bilboes project has an expected total cost of $584 million and peak funding requirements of $484 million.


Zimbabwe's gold output plunged to 3 metric tons during the height of its economic and political crisis in 2008. It has more than doubled production over the past decade to an all-time high of 47 metric tons in 2025.

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