Nigerian Mining
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New Opportunities for Foreign Investors

The Nigerian government needs to take a balanced stance in order to optimise the advantages of foreign investment while minimising its drawbacks. This entails putting in place and upholding stringent social and environmental laws to guarantee that international mining corporations behave ethically, Encouraging international investors to give local content a high priority in their operations—for

The Double-Edged Sword of Foreign Investment in Nigerian Mining

Earlier this year we recounted the mining and trading corporation Glencore intentions to invest in Nigeria’s mining industry if the government maintains a stable business environment. The CEO of the company made this announcement on April 26 while meeting with Nigeria’s minister of solid minerals. Companies like Glencore, which make foreign investments, are what keep

Senate Committee Exposes Illegal Mining in Kogi

The Senate ad hoc committee investigating corruption and inefficiency at Ajaokuta Steel Company and the National Iron Ore Mining Company (NIOMCO) uncovered illegal mining at NIOMCO’s facility in Itakpe, Kogi State. Senator Natasha Akpoti-Uduaghan of Kogi Central district raised concerns on Monday during an oversight visit, revealing that gold and other precious minerals were being

Ebonyi State Commissioner Advocates Mining Sector Overhaul for Nigeria’s Development

The Ebonyi State Commissioner for Solid Minerals and Natural Resources, Chidi Onyia, has emphasized the crucial role of Nigeria’s mining sector in driving sustainable development, urging stakeholders to pivot towards renewable energy and maximize the sector’s untapped potential. Speaking at Amaopara community in Onicha Local Government Area of Ebonyi State on Wednesday, during a relocation

Lagos State Targets Illegal Mining with New Sustainable Practices Agenda

The Lagos State Government’s Mineral Resources and Environmental Management Committee (MIREMCO) has intensified its efforts to curb illegal mining activities, emphasising the enforcement of sustainable mining practices. During a stakeholders’ meeting held at the Lagos State Secretariat, Ikeja, MIREMCO’s chairman, Hon. Sesan Olanrewaju, urged adherence to the Minerals and Mining Act of 2007. With the

Women in the Nigerian Mining Industry 

The mining sector has traditionally been male-dominated. Women have always been discouraged from taking on roles in the sciences and engineering Regarding female engineers, a 2023 study found that women made up 13.7% of the global engineering workforce. While this percentage has been increasing over the years, it still signifies a significant gender gap. For

Nigeria’s Mining Reforms: Driving Growth and Global Competitiveness

The Minister of Solid Minerals Development, Dr Dele Alake, has announced that ongoing reforms under the current administration aim to establish Nigeria as a global mining hub. Delivering the keynote address at the 2024 Nigeria Mining Week, themed “From Inside Out: Building the Mining Sector to be the Cornerstone of Nigeria’s Economy,” Dr Alake highlighted

President Tinubu’s Mining Reforms Aim to Boost Nigeria’s Economy and Attract $500M in Foreign Investment

Nigeria’s drive to revitalise its mining sector is drawing strong interest from global investors, under the President Tinubu administration advances reforms to tap into an estimated $700 billion in untapped mineral resources, according to diplomatic sources. Last week, Nigeria launched a four-day mining investment roadshow in South Africa, seeking to attract $500 million in foreign

Current Solid Mineral Prices in Nigeria: Trends and Economic Implications

Nigeria’s solid minerals sector is shifting as global demand rises for resources like gold, tantalite, lithium, and limestone. Gold, in particular, has recently surged in value as a hedge against economic uncertainty, enabling Nigerian artisanal miners to sell at competitive prices. Lithium, increasingly sought after for electric vehicle batteries, is also experiencing a price boom,