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
Nigerian Mining Sector Sees 110% Increase in CIT Collections in Q2 2024
The National Bureau of Statistics (NBS) has reported that total Company Income Tax (CIT) collections reached ₦2.47 trillion in Q2 2024, reflecting a remarkable 150.83% increase from ₦984.61 billion in the previous quarter. This surge is largely due to local payments of ₦1.35 trillion and foreign CIT contributions of ₦1.12 trillion. Notably, the mining and