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The Minister of State for Mines and Steel Uche Ogah recently said that Nigeria loses $ 9 billion annually from illegal mining and smuggling of gold He also identified a lack of manpower and a low level of technology as some of the main challenges facing the fight against illegal mining
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News The National Security Council on Thursday announced that it is considering the nationwide ban on motorcycles and mining activities in the country The Federal Government of Nigeria may ban
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She said that mining and tourism had placed the country on the high ranks of African economies in terms of attracting foreign direct minister also encouraged investors to take advantage of its various investments opportunities in areas of fisheries light manufacturing mining trade construction and tourism
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Gold is a highly valued precious mineral that is commonly used as jewelry The abundance of gold deposits exists in areas such as Ilesha Anka Malele Maru Iperindo Ife Birnin Gwari kwaga Bin Yauri Gurmana and Tsohon Production of gold in Nigeria started in the 1930s The mining of gold in Nigeria was also impacted by the civil war
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Nigeria looks to mining to diversify revenue stream —Minister Nigeria is nursing the hope of having 50 mines in operation by 2024 and can make up for lost time because of the weight of
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The minister stated this in Abuja at the press briefing on the pre event of the 2024 Nigeria Mining Week from 1st to 3rd November he noted that the conference would bring stakeholders from the
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Bitcoin being a global decentralized currency which is a censorship resistant deflationary asset as opposed to the inflationary Nigerian naira means Bitcoin will be the best bet for revitalizing Nigeria s economy if consideration are put in place to initiate Bitcoin mining investment powered by the various unexplored renewable and green energy sources available in Nigeria one of the
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Unregulated mining operations are believed to have contributed to the tremors in the FCT pushing the impacts of illegal mining from economic to human Illegal operations have long damaged the Nigerian mining industry with the government estimated that the practice cost the country up to $9bn in 2024 with artisanal and small scale miners exploiting the country s reserves of oil and gold
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We have been working extensively in oil and gas sector but we are now focusing more on mining sector which has been relegated for some time particularly in Nigeria the media focuses much more on oil and gas NAN 4 ships with frozen fish expected at Lagos ports NPA
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To this end Nigeria is looking to expand the base of its mining sector on the back of new finds such as the nickel deposit in Kaduna State which the government predicts could create $400bn in revenue MMSD estimates that there are 44 different types of minerals identified in 500 locations across the country Limestone reserves in the south
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The Chief Operating Officer of the Nigerian National Petroleum Corporation NNPC set tongues wagging when he revealed to the House of Representatives that he did not know the number of oil blocks Nigeria has Bello Rabiu appeared before the House committee investigating the controversial Malabu oil deal and OPL 245 on Tuesday afternoon After
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The ministry of mines and steel development has admonished registered miners to continue with their mining operations while adhering to safe mining protocols The advisory was contained in a statement released on Saturday by Etore Thomas director press and public relations of the ministry READ ALSO
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By The Federal Government has approved a three year tax holiday for new mining companies as part of incentives to attract investments to the sector the News Agency of Nigeria NAN has reported The Minister of Mines and Steel Development Mrs Diezani Alison Madueke made this known yesterday in Beijing at an investment forum
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6 days agoThe minister stated this in Abuja at the press briefing on the pre event of the 2024 Nigeria Mining Week from 1st to 3rd November he noted that the conference would bring stakeholders from the
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GDP From Mining in Nigeria increased to NGN Million in the first quarter of 2024 from NGN Million in the fourth quarter of 2024 GDP From Mining in Nigeria averaged NGN Million from 2024 until 2024 reaching an all time high of NGN Million in the first quarter of 2024 and a record low of NGN Million in the fourth quarter of 2024
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The Minister of Justice also noted that the terrorists have since evolved their financing techniques to mining and ransom taking necessitating the government s intervention On his part the Minister of Interior Aregbesola said despite the extensive intelligence gathered before the attack on the Kuje Correctional Center the terrorists succeeded because there was no will to act He
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Nigeria looks to benefit from seabed mining By working with the International Seabed Authority ISBA Nigeria is set to benefit from deep sea mining said Dr Dakuku Peterside Director General of the Nigerian Maritime Administration and Safety Agency NIMASA speaking at the opening ceremony of the 23rd Assembly of the International
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187 Mining to boost Nigeria s GDP by 23% in 2024 A report by Pan Africa creative agency Arden Newton Limited has stated that the… Nov 2024 25 Nov Energy Staff Writer 123 Wärtsilä reaches 7GW installed power capacity milestone in Africa The technology group Wärtsilä first began its Africa operations in Tanzania back in 1975 Since then …
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Latest News Zimbabwe offers target beating incentive for biggest gold miners Oz Minerals is nice to have not must have says BHP CEO Rights organisations are seeking accountability for
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The arrest of 27 illegal miners in the state has led to mining host communities demanding swift justice and compensation from the illegal miners Those apprehended include 17 Chinese nationals and 10 locals including a local traditional ruler Baale Addressing journalists on Sunday Mr Binuyo said beyond the economic leakages the illegal miners had also polluted the Osun River with
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Mining outlook darkens as twin threats loom Investors set for last round of bumper payouts as margins are squeezed by falling commodity prices and cost inflation July 25 2024 Gold Fields Inc
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The Latest news in Nigeria and world news The Guardian Nigeria Newspaper brings you the latest headlines opinions political news business reports and international news
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9 SBOG Nigeria Ltd Location Ibusa House 2nd floor 5 Sunday Oganyade Street Gbagada Lagos Nigeria Phone 08022484302 Website This is an organization that produces and mines metallic mineral ores This firm is a privately owned company They deal on zinc and lead
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He disclosed that the Nigeria Mining Week which is scheduled to hold between the 1st and 3rd of November 2024 at the International Conference Centre Abuja forms part of the Ministry s strides in beating the country s proverbial mining drum loudly and clearly around the globe and communicating the message that the Nigerian Mining Sector is ready for investment and development
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The Nigeria Extractive Industries Transparency Initiative NEITI today launched a portal where every Nigerian can search for the owners of Nigeria s extractive assets in mining oil and gas The portal when fully uploaded will reveal the actual owners of 270 licences in the mining sector and the owners of 61 assets and 56 companies in the oil and gas sector
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Section 52 of the Nigeria Minerals and Mining Act 2024 and the Nigerian Minerals and Mining Regulations 2024 The area of land in respect of which any water use permit WUP is granted shall not exceed the area reasonably required for the purpose of the permit as defined in the regulation A WUP will remain in force as long as the mining
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Most of the mining in Nigeria is artisanal and the absence of gold refineries means value typically has not been added in the supply chain Photo by Gudjohnsen007 Wikimedia Commons
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Breaking News Ogun workers suspend strike after four days Read More Mining key to Nigeria s economic diversification Kindly share this story By Solomon Odeniyi 14th July 2024 By
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Aiteo CEO Benedict Peters goes into platinum mining in Zimbabwe Nigerian oil mogul Benedict Peters has plans to pump $1 billion into the mining of platinum in Zimbabwe Bloomberg reported that Peters Bravura Holdings Ltd said the money is available quoting the country manager Lionel Mhlanga
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