CBN's 26% interest rate stiffling growth, Dangote laments. Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 ...
"Section 73 of the Nigerian Minerals and Mining Act 2007 empowers the Honourable Minister to ensure that no mining operations take place without employing a registered mining engineer or geologist. Section 139 of the Nigerian Minerals and Mining Regulation 2011 defines who these professionals should be."
Nigeria is endowed with vast reserves of natural resources such as energy minerals like coal and lithium, metallic minerals like gold and lead-zinc and industrial minerals like limestone and barite. The country was a major exporter of tin, columbite and coal in the 1960s to early 1970s. However, activities in this sector nose-dived considerably ...
Atiku Abubakar has beaten Nigeria's ruling party's candidate Bola Tinubu in the north-western state of Kebbi, according to results announced by the electoral commission. The PDP presidential ...
latest mining news Patriot Battery Metals Extends Vega Zone with Standout Intercepts including 9.7 m at 5.16% Li2O and 35.3 m at 2.40% Li2O Drill Results
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A multi-national company, Nigeria Backbone Infrastructure Limited, has announced its intention to invest $172bn to develop various infrastructure sectors in the country. This investment, utilising ...
The local Punch newspaper cited witnesses as saying at least 40 people were killed in Plateau's Wase district on Monday night. However, government officials told The Associated Press only 12 casualties have so far been confirmed. It is common for official figures to be less than that of witness accounts in such attacks.
NewsNow brings you the latest news from the world's most trusted sources on Enugu. NewsNow aims to be the world's most accurate and comprehensive Enugu news aggregator, bringing you the latest headlines automatically and continuously 24/7. Read the latest Enugu headlines - updated 24/7/365. We link to the best sources from around the …
Verdict: Very Legit . The TapSwap project is an innovative initiative in the field of decentralized finance. It is very similar to NotCoin, but it uses the Solana blockchain to create a fast, efficient, and secure platform for cryptocurrency exchange.. The Nigerian internet space has been set agog by a new telegram-based crypto mining project with a …
January 17, 2024 7:29 AM EST. ABUJA, Nigeria — Three people died and 77 others were injured overnight when an explosives rocked more than 20 buildings in one of Nigeria's largest cities ...
Di Oyo State police tok-tok pesin Wale Osifeso tell BBC News Pidgin say di explosion happun around Dejo Oyelese Street, Bodija, around 7:44pm. "Di cause of the explosion dey unknown.
An order from the Central Bank of Nigeria (CBN) barring financial institutions from servicing cryptocurrency transactions, effectively "banning Bitcoin" in the country, withstands more than 16 months later, despite the Nigerian Security and Exchange Commission (SEC) recently releasing new regulations for digital assets and the …
The Nigeria Mining Cadastre Office (NMCO) was established in 2007 with the responsibility for the Administration and Management of Mineral Titles in Nigeria in accordance with Section 5 (1) of the Nigerian Minerals and Mining Act, 2007 (the Act). Address: 37 Lobito Crescent; Off Ademola Adetokunbo, Wuse II, Abuja Nigeria +234 (0) …
The Minister of Solid Minerals Development, Dele Alake, announced the price increase at an ongoing press conference at the ministry headquarters on Thursday in Abuja. He said the government ...
Cynthia Egboboh. March 22, 2024. The Federal government in a bid to curb cases of insecurity especially in the mining sector has unveiled a new security architecture, 'mines marshal'. The 2,220 man squad is saddled with the responsibility to smoke out illegal miners and all those who flout the nation's mining laws.
Latest News. View. Minister of Mines Assures Local Barite Investors of Support: Date: 9/13/2019 View(s): 4159: ... the GO-TO portal for real time information on Mining Sector in Nigeria. Office:No. 2, Luanda Crescent, off Adetokunbo Ademola Crescent, Wuse II, Abuja, F.C.T., Nigeria. Call Us: +234 9 523 9064 Downloadables • Nigerian ...
Latest news on Kaduna State: breaking updates on politics, security issues, development projects, and stories shaping this pivotal northern Nigerian state. Kaduna State, a major economic and cultural hub in northern Nigeria, is a dynamic region facing both challenges and opportunities. From bustling Kaduna City to rural communities, the state ...
Nigeria Mining Week 2023 connected, inspired and created influencers in the African mining industry. The event brought together industry leaders, professionals and stakeholders from around West Africa. More than 53+ speakers shared their knowledge and 200+ Sponsors and exhibitors showcased the latest in mining innovation.
INTRODUCTION. Despite abundant solid mineral resources, which include gold, lead, zinc, coal, bitumen, iron ore, limestone and barite, the Nigeria mining industry only contributes 0.15 percent to the nation's GDP. The contribution, projected to hit 0.34 percent in 2025, is far from the three percent target set out in the country's mining …
Nigeria is blessed with over forty-four (44) identified solid mineral resources in commercial quantities. Yet, the contribution of the mining Sector to the country's gross domestic product (GDP) has remained less than 1% in each of the past five (5) successive years – although, it has consistently grown over the same period to 0.85% in 2022 (from …
Minerals, Prospecting, Mining and Quarrying. PART I. Ownership and Control of Minerals. SECTION. Control of property in minerals, water, etc., vestedin the State. Prohibition of exploration or exploitation of minerals without authority. Lands excluded from minerals exploration and exploitation. PART II. Administration of the Act.
May 23, 2023. This edition of a KPMG newsletter provides information on recent developments in the Nigerian mining sector. Read a May 2023 report [PDF 2.8 ] prepared by the KPMG member firm in Nigeria. Print friendly version. The KPMG name and logo are trademarks used under license by the independent member firms of the …
In 2019 the government made the decision to revise the Nigeria Minerals and Mining Act (NMMA), the law that has governed the sector since it came into force in 2007. However, as a result of the disruption caused by the Covid-19 pandemic, as well as other international and domestic challenges, the passage of the revised
July 2, 2024. Breaking: Aiteo Terminates Surveillance Contracts Over Alleged Involvement in Crude Theft. July 1, 2024. Bannerman Energy Secures $85M for Namibia Uranium Project Development. July 1, 2024. South Africa Shines at Shanghai Platinum Week, Highlights PGM Demand. June 29, 2024. News.
Climate Change capable of devasting Niger Delta – NDDC BusinessDay NG 10:57. Niger Delta Summit: Stakeholder Engagements As Development Strategy Independent Nigeria 08:09. Presidential amnesty, NDRBDA partner on food security The Daily Trust 06:33. NDDC boss advocates collaborative efforts to check flood disasters The Sun News, …
In the first quarter of 2022, Nigeria recorded an average daily oil production of 1.49 million barrels per day (mbpd), accounting for 6.63% of total GDP. Nigeria is among the world's top five exporters of liquefied natural gas (LNG). The country's exports of natural gas rose by 14% in 2021, accounting for 9.24% of total exports.
Nigeria's government is cracking down on illegal mining, making dozens of arrests of unlicensed miners since April for allegedly stealing the country's lithium, a critical mineral used in ...
September 4, 2023. The existing enterprises are planned to be assessed to fit into Nigerian Solid Minerals Corporation. Credit: Chris Wiedenhoff from Pixabay. Nigeria is planning to launch a state-backed solid minerals corporation to provide funding to its mining sector and manage the country's minerals, reported Reuters.
THE Minister of Mines and Steel Development, Arc Olamilekan Adegbite, Thursday, promised mega outting on 2022 Nigeria Mining Week from November 1-3, 2022. Speaking during a press briefing in Abuja ...
Police cars and residents gather at the site of an explosion in Ibadan, Nigeria, Wednesday, Jan. 17, 2024. Several people died and many others were injured after a massive blast caused by explosives rocked more than 20 buildings in one of Nigeria's largest cities Tuesday night, authorities said Wednesday, as rescue workers …
Nigeria's GDP grew by 3.52% 1 (year-on-year) in the fourth quarter of 2022. The Nigerian Mining Sector ("the Sector") also witnessed growth in its contribution to the Nation's GDP, having contributed 0.85% in 2022 (2021: 0.63%), representing a 32% year on year growth over 2021 2. Interestingly, the Sector has witnessed sustained growth ...
