Gold prices breached the 2,800 dollar per ounce barrier this week, hitting a new all-time high as investors seek a new haven on the back of geopolitical tensions and the US elections. Meanwhile, the Nigerian Extractive Industries Transparency Initiative says the extractive and mining sector has contributed 1.1 trillion naira in revenue to the Federation Account in the last five years. Nere Emiko, Vice Chairman, Kian Smith Refinery joins CNBC Africa to unpack these developments.