Nigeria's Mining and Metal Sector
The inception of organised mining activity in Nigeria • Mining activities began in 1902 • The earliest recorded mineral mined was tin ore Mineral impact on Nigerian Economy • Mining was a significant driver of industrialisation and development in Nigeria • Coal mining gave birth to the railway industry
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Nigerian Mining Sector Brief
Based on the Nigerian Gross Domestic Product Report for Q4 2023, published by the National Bureau of Statistics, the total contribution of the Mining sector (i.e., coal mining, metal ores …
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Chinese lithium firms take over copycat Nigeria refinery project
The Nigerian Ganfeng signed an agreement in September allowing the company to mine lithium for 10 years under permits held by a firm owned by the government of Nasarawa state – the location of ...
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Mining, from The Report: Nigeria 2024
Nigeria's mining sector is entering a new phase following the Covid-19 pandemic, with greater government support and a growing role as an important generator of export earnings amid …
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Kaolin Mining in Nigeria and Processing into Pharmaceutical …
By Anaekwe Everistus Nnamdi. Kaolin, a versatile and valuable industrial mineral, holds significant promise for Nigeria's mining and industrial sectors. Its wide-ranging applications, especially in the pharmaceutical industry, present an untapped potential for mining and processing into pharmaceutical-grade material for both local use and export.
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De-risking Mining Business In Nigeria Through Fiscal Incentives
Over the past decade, the Nigerian mining sector (the Sector) contributed less than 1% to the Nation's Gross Domestic Product (GDP), year-on-year. ... 2024 End-of-Year Mining Industry Report. Nigeria Energy. TA. Tope Adebayo LP. Article. Nigeria's Mini-LNG Boom: A Defining Moment For The Gas Sector? Nigeria Energy. TA.
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Mid-Year Report On The Nigerian Gas Industry And Investment …
INTRODUCTION. In our 2023 year-end report, we analysed the opportunities, challenges, and transformations experienced in Nigeria's oil and gas industry, with a particular emphasis on gas.Additionally, we provided industry projections for 2024 and the upcoming years. Our report focused on Nigeria's energy transition eorts highlighting the nation's development …
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Guide On How To Acquire A Mining License In Nigeria
Incentives available for participants in the Nigerian Mining Industry. The incentives provided by the Nigerian government to support the mining industry include: Allow for a 75% depreciation or capital allowance on verified true capital expenditure in the first year of investment and 50% in subsequent years.
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Venezuelan investors eye Nigeria's mining sector
Venezuela's Deputy Minister of Mining, Alejandro Martinez, has expressed his country's investors' interest in exploring opportunities in Nigeria's mining sector.
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Nigerian Mining Sector Watch
Nigerian Mining Sector Watch Introduction Nigeria currently boasts of over forty-four (44) priced solid minerals in the mining space, with huge deposits scattered over different parts of the …
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Nigerian Mining Sector Watch
According to the Nigerian Geological Survey Agency, Nigeria's lithium is acclaimed to be of high grade given it's lithium oxide content which ranges from 1 percent up to 13 percent, whereas the global standard for Lithium exploration and mining starts from 0.4 percent lithium oxide content. Indeed, Lithium exploration and processing has a rich
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New roadmap to increase investment in Nigeria's mining industry
The Nigerian government is targeting $5bn in mining investments over the next 10 years under a new industry roadmap, as part of a broader drive to diversify revenue sources away from non-oil sectors. In August Kayode Fayemi, the minister of mines and steel development, unveiled a new strategic plan for the sector that targets expanding
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Nigerian Mining Sector Brief
1 Based on the Nigerian Gross Domestic Product Report for Q4 2023, published by the National Bureau of Statistics, the total contribution of the Mining sector (i.e., coal mining, metal ores and quarrying and other minerals) …
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Nigerian Mining Progress, but still a long way to go.
The Nigeria Mining industry is not left out and continues to attract domestic and international investors despite the fact that it is still quite underdeveloped.
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Top 3 Mining Companies in Nigeria and Their Locations
It is common Knowledge that Nigeria is rich in mineral resources, making it a hub for several top mining companies in Nigeria contributing significantly to the economy. These companies not only create jobs but also foster technological advancement, attracting both local and foreign investments. Among these, the Eta-Zuma Group stands out for its ...
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ENR ADVISORY INTERVIEW: "Nigeria's burgeoning mining industry …
The Nigeria Mining Week has grown significantly over the years to become the foremost platform for high-level engagement, networking, and deal-making in the mining sector. From the connections made to the exhibits, conferences, and technical sessions, each edition provides invaluable insights and opportunities. I always leave the event feeling ...
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Mining Regulatory Update – Highlights Of The Guidelines For
INTRODUCTION. On November 16, 2023, the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, officially launched the 'Guidelines for the Production of Community Development Agreement in the Solid Minerals Sector' (the "Guidelines").The Guidelines was issued in pursuance of the provisions of Section 116 of the Nigerian Minerals …
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Nigeria's Mining Sector: Opportunities Amid Underutilization
Nigeria's mining sector issued 7,000 licenses but has less than 1,000 active mines—an 85% underutilization rate. Despite generating ₦38 billion in 2024, budget cuts have slashed the 2025 capital allocation to ₦9 billion, just 1.7% of the ₦531 billion proposed.
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The Nigerian Power And Mining Sectors: 2024 In Review And An …
OUTLOOK OF EVENTS EXPECTED TO OCCUR IN NIGERIA'S MINING SECTOR IN 2025. With the developments recorded in the mining sector in 2024, even though Nigeria's minerals and mining sector is still largely underdeveloped, it is safe to say that the mining sector is in a positive state of flaws – constantly changing for the better.
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The Mini-Grid Regulations 2023: Addressing Stakeholders' …
Towards achieving vision 30:30:30 through the increased penetration of mini-grids in Nigeria, the Nigerian Electricity Regulatory Commission (NERC or the "Commission") published a consultation paper in August 2022 calling for recommendations on its proposed amendment of the 2016 Mini-Grid Regulations.
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Mining, from The Report: Nigeria 2024
Nigeria's mining sector is entering a new phase following the Covid-19 pandemic, with greater government support and a growing role as an important generator of export earnings amid post-pandemic economic recovery. Many of Nigeria's mineral resources remain unexploited, with considerable potential in gold, precious and semi-precious stones ...
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Nigeria: Mining sector update (June 2024)
This edition of a KPMG newsletter provides information on recent developments in the Nigerian mining sector, including an overview of taxes, royalties, and fees. Read a June 2024 report prepared by the KPMG member firm in Nigeria
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Nigerian Mining Sector Watch Volume 2
In Nigeria, despite the wide spread economic impacts of the pandemic, the Mining Sector (the Sector) exceeded budgeted revenue of the Federal Government (FG) in 2020 by about 10% (N2.09billion as against N1.9billion) 1, and increased its contribution to the Nation's Gross Domestic Product (GDP) by about 23% (2020: N656.18 billion; 2019: N369 ...
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Nigeria Metals and Mining Market Summary and Forecast
Table 2: Nigeria metals & mining industry volume: thousand tonnes, 2017–22 Table 3: Nigeria metals & mining industry geography segmentation: $ million, 2022 Table 4: Nigeria metals & mining industry value forecast: $ million, 2022–27 Table 5: Nigeria metals & mining industry volume forecast: thousand tonnes, 2022–27
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NESG Launches Diagnostic Report on Nigeria's Mining Sector
In his presentation on "Nigeria's Mining Sector Governance Landscape and Prospects Report," Professor Gbenga Okunlola, a Professor of Geology and Earth Science University of Ibadan and Steering Committee member Manufacturing and mining Policy commission of the NESG, stated that the report looks to critically examine the status, strengths ...
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End-Of-Year Report On The Nigerian Gas Industry And …
INTRODUCTION. In our 2024 Mid-Year Report, we reviewed progress under Nigeria's Decade of Gas policy, major investments, infrastructure development and divestments in the sector by oil majors, the Federal Government of Nigeria's (FGN) efforts to boost investments through the 2023-2030 Drilling Campaign and Deep-Water Projects, and the funding sources …
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2024 End-of-Year Mining Industry Report
This Report provides an overview of the mining sector in Nigeria, analysis of the key highlights and developments in 2024, and potential opportunities for 2025. INDUSTRY …
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Nigeria, Venezuela partner to explore mining opportunities
The discussions meeting between Nigeria's Minister of Solid Minerals Development, Dr. Dele Alake, and Venezuela's Deputy Minister of Mining, Alejandro Martinez focused on prospects for ...
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Minister Decries Cutting Nigeria's Mining Sector Budget to N9 …
The budget for Nigeria's mining sector has been dramatically reduced from N531 billion to N9 billion, deemed unacceptable by the Minister of Solid Minerals Development, Dr. Dele Alake. The Joint National Assembly Committee echoes these concerns, advocating for a budget increase to harness the sector's potential for economic growth and job creation.
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Nigeria
Nigeria's constitution vests the ownership of the country's natural resources with its government. The oil and gas industry is governed by the Petroleum Industry Act of 2021 which sets out the legal, regulatory and fiscal framework for the sector. The sector is primarily regulated by the Ministry of Petroleum Resources, the Nigerian Petroleum Upstream Regulatory …
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