Latest News for: Nigeria mining


NEXIM Bank Assures Foreign Investors 100% Access to FX for Repatriation

This Day 04 Dec 2023
The NEXIM Bank director said the motive was to make Nigeria one of the biggest tyre producing nations ... It’s clear that Mexico has a very huge advantage in mining, Nigeria is an untapped mining destination and so, if we have businesses that would want to partner with Nigeria to develop the mining sector for export.

100 Days: Alake’s Midas Touch Spurs Global Interest in Mining Sector

This Day 03 Dec 2023
Just days ago, the minister made a strong pitch for investment in Nigeria’s mining sector at the Mines and Money Conference in London. He thrilled his audience with advantages of investing in Nigeria, citing lower production costs due to surface mining and billions of dollars of untapped minerals lying fallow in the country.

Foundation partners Segilola Resources on medical outreach in Osun

This Day 02 Dec 2023
Nigeria . ... Segilola Resources Operating Limited (SROL), an exploration and gold mining company, has partnered with the Living Hope Care Foundation, a non-governmental community-based organisation to offer free medical services to some communities in Osun State.

FG, US hold talks on funding mining projects in Nigeria

Business Day Online 30 Nov 2023
The Minister of Solid Minerals Development, Oladele Alake and United States Assistant Secretary for Energy and Natural Resources, Geoffrey Pratt. read more FG, US hold talks on funding mining projects in Nigeria ... .

OPEC+ allies cut oil output by 2.2 mln bpd

Kuna 30 Nov 2023
The Meeting noted that, in accordance with the decision of the 35th OPEC and non-OPEC Ministerial Meeting, the completion of the assessment by the three independent sources (IHS, Wood Mackenzie and Rystad Energy) for production level that can be achieved in 2024 by Angola, Congo and Nigeria as follows.

FG Woos Foreign Mining Investors with Lower Production Cost

This Day 29 Nov 2023
Addressing global stakeholders in the mining industry, Alake, in the 15-minute speech pitched for more investment in Nigeria listing unique advantages such as lower production cost due to surface mining and billions of dollar untapped minerals ... “Nigeria is currently emphasising ...

Ken Saro-Wiwa and the New Pressure for Economic Justice

This Day 29 Nov 2023
The region and, indeed, Nigeria, have ever since marked a bitter anniversary on November 10 ... The Central Bank of Nigeria (CBN), reportedly, purchased gold from Zamfara State under the Presidential Artisanal Gold Mining Development Initiative (PAGMI), launched in 2019 by the then Muhammadu Buhari government.

Nigeria: Govt Woos Foreign Mining Investors With Lower Production Costs

All Africa 29 Nov 2023
The minister quoted recent reports by audit firm KPMG which reported that mining's contribution to Nigeria's GDP rose from 0.3 per cent to 0.85 per cent last year, indicating 0.63 per cent year-on-year growth ....

Nigeria : Mines minister Alake puts police and military on mine protection duty

Africa Intelligence 27 Nov 2023
Mines minister Dele Alake has called on the Nigerian Army and the Nigeria Police Force to provide security around mining areas, most of which are located in the north-west of the country ....

FG unveils security strategies to spur mining investment

Business Day Online 24 Nov 2023
Dele Alake, minister of solid minerals development, has rolled out strategies to ensure maximum security at mining sites across Nigeria. read more FG unveils security strategies to spur mining investment ... .


This Day 23 Nov 2023
Nigeria .. Nigeria should work to harness its renewable energy potential, writes Seun Awogbenle ... Nigeria’s carbon emissions come from electricity generation, mining, oil exploration, manufacturing, transport, and marginally from households ... Climate action has become a global emergency, and Nigeria cannot afford to be left behind.

Nigeria revokes over 1,600 mining licenses

Xinhua 22 Nov 2023
22 (Xinhua) -- Nigeria has revoked the operating license of 1,663 mining operators, citing the non-payment of annual service fees by the titleholders as the primary reason ... The move marked a significant step in restructuring the mining ... Nigeria revokes over 1,600 mining licenses.

FG Revokes 1,633 Mining Licences, Reads Riot Act to Illegal Miners

This Day 22 Nov 2023
Nigeria . ... The federal government yesterday announced the revocation of 1,633 mining licenses due to default in payment of stipulated service fees by operators ... He stated that the revocation became imperative following the expiration of a 30-day notice to defaulters, as stipulated in sections 11 and 12 of the Nigerian Mineral Mining Act (NMMA), 2007.

NEITI Calls for Creation of Special Squadron for Mining Sites

This Day 21 Nov 2023
Ogbonnaya Orji, has called for the creation of a special squadron to ward off threats and insecurity at various mining sites in Nigeria and West Africa ... continue to ensure good business and security for mining host communities by ensuring policy consistency and adequate security.

Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria

Bitcoin 21 Nov 2023
Startup Embarks on Hydro-Powered Bitcoin Mining Facility Project in Nigeria ...Trojan Mining’s plan is to become the leading bitcoin mining farm in Nigeria,” stated the company’s CEO, Yassar Siyanbola.