Blockchain technology appears to be a game-changer for some of the mining industry’s most critical problems as Nigeria looks to revive its mining sector. Rich in mineral resources, from lithium to gold, the nation is at a turning point when innovation can improve sustainability, efficiency, and transparency. Improving Openness The capacity of blockchain to offer
Mining and quarrying opportunities in Nigeria present vast opportunities for investors and entrepreneurs. The demand for industrial minerals like granite, marble, and limestone continues to grow, driven by the expanding construction and manufacturing sectors. Granite quarrying is particularly lucrative, as granite is a sought-after material in construction. States like Ogun and Edo boast significant granite
The Ebonyi State Government has urged mining companies operating within its borders to uphold their corporate social responsibilities and respect the rights of host communities. The appeal was made during a one-day conference titled “Solid Minerals in Ebonyi: the Government and the People”, held in Abakaliki on Saturday. Governor Francis Nwifuru, represented at the event
Guinea has reportedly cancelled the licences of up to 53 mining companies, in a move widely seen as a sign of rising resource nationalism in West Africa. According to sources quoted by Reuters, the decision affects operations in bauxite, gold, diamond, and graphite mining, though none of the firms involved are believed to be major
The Oyo State Government has officially launched a joint task force aimed at clamping down on illegal mining operations, enforcing the recently established Executive Order 001/2023. This development was announced in a statement issued on Monday in Ibadan by the state’s Commissioner for Information and Civic Orientation, Dotun Oyelade. The formal inauguration of the task
The Kayelekera uranium mine in Karonga, northern Malawi, is set to resume operations after more than a decade, following the issuance of a key radiation safety licence by the Malawi Atomic Energy Regulatory Authority (AERA) to Lotus (Africa) Limited. Mining is expected to restart by the third quarter of 2025, marking the end of an
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,
Artisanal and small-scale mining (ASM) accounts for over 70% of Nigeria’s mining activities, providing livelihoods for millions, yet its informal nature leads to substantial tax losses for both federal and state governments, according to the UNDP. A February 2025 report by the Nigeria Economic Summit Group (NESG) suggests that stronger cooperation between federal and state
The 3rd African Forum on Mining (AFM), held at the African Union Commission’s Headquarters from March 19 to 21, 2025, concluded with a resounding call for African nations to maximise their mineral wealth for sustainable development and industrialisation. Organised by the African Union’s African Minerals Development Centre (AMDC), the forum convened government officials, private sector
Nigeria has many solid minerals, including gold, iron ore, limestone, lithium, and tantalite, spread across different states. However, despite this immense wealth, the mining sector remains largely underdeveloped, with the Mining & Quarrying sector contributing 7.72% to the overall GDP of the country in the third quarter of 2024, according to the National Bureau of
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