According a 2023 report Despite several obstacles, the Nigerian gold mining sector, also known as “the Industry,” has grown significantly in recent years. Nigeria has a lengthy history of gold mining that dates back to the pre-colonial period. But it wasn’t until 2009 that the government started to take meaningful action to advance the industry.
Nigeria Generates N6.96 Billion in Mining Fees in Q1 2025—Minister Alake
The Federal Government of Nigeria has announced the generation of N6.96 billion in mining-related fees in the first quarter of 2025, alongside the registration of 118 new private mineral buying centres across the country. This forms part of renewed efforts to revitalise and sanitise the nation’s solid minerals sector. The Minister of Solid Minerals Development,
Dollar Sinks, Gold Soars Amid Trump’s Tariff Offensive and Fed Clash
Gold prices soared to a record high on Monday, while the dollar continued to weaken and global stocks showed mixed movement as investor sentiment was dampened by concerns over Donald Trump’s escalating tariff measures and his tense relationship with the Federal Reserve. With many markets still closed for the Easter holiday, trading activity was subdued,
Four Nigerians Granted N80 Million in Bail in Illegal Gold Mining Case
The Federal High Court in Abuja has granted N20 million bail to three traditional rulers, including Taofeeq Olaposi Osunmakinde, totalling N80 million, in a case involving suspected illicit gold mining in Ondo State . After their arraignment on Monday, September 9, 2024, Osunmakinde, Sheu Mustapha, Sabiru Hashim, Danbaba Ibrahim, and Ade Olap Global Resources Limited
From Mines to Mayhem: The Link Between Gold and Banditry in Nigeria
The agrarian landscapes of Northern states, once calm to the lives of farmers, traders, passers, visitors and herders, have morphed into a dystopian tableau of violence and greed. At the heart of this transformation lies the glittering menace of gold. Before the spike in the nefarious activities of bandits, local mining, although hazardous due to