Capital Apex Synergy Global Services Limited has raised the alarm over the detrimental impact of illegal mining on Nigeria’s mining industry, urging the Federal Government to take decisive action. The company’s engineer, Olurotimi Ogunnaike, speaking during a press conference in Abuja, stated that unauthorised mining operations are a significant barrier to the sector’s contribution to
Nigeria’s mining industry is on the brink of significant growth, with the potential to become one of the country’s most lucrative sectors as more large-scale projects get underway and exploration continues to expand. Currently, the sector employs over 500,000 people, predominantly in artisanal mining. However, as investments—both local and international—flow into industrial mining activities, this
The Segilola Gold Project, which produces gold, is the company’s flagship project. It is situated in Osun State, Nigeria, about 120 kilometres northeast of Lagos. The Segilola Gold Mine has already produced for two full years: 98,006 ounces of gold were produced in the calendar year 2022, and 84,609 ounces in the year 2023. In
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