Shift in Revenue Collection Framework THE Nigeria Revenue Service (NRS) has officially assumed responsibility for the collection of mineral royalties from mining operators nationwide, marking a significant shift in Nigeria’s fiscal administration. The transition, which took effect on 1st January 2026, follows the implementation of the Nigeria Tax Laws 2025 signed into law by Bola […]
By AUGUSTINA McSOLOMON-OGHAKPERUO NIGERIA has reaffirmed its commitment to protecting foreign investments in the mining sector, with the Minister of Solid Minerals Development, Dele Alake, assuring stakeholders of strong legal safeguards under the Cape Town Convention on International Interests in Mobile Equipment. The minister gave the assurance in Cape Town, South Africa, during the signing […]
By AUGUSTINA McSOLOMON-OGHAKPERUO Deadly Gas Exposure Rocks Mining Community A fatal carbon monoxide exposure at a mining site in Kampani Zurak, Wase Local Government Area of Plateau State, has led the Federal Government to shut down operations in the area and launch a forensic investigation. The incident, which claimed 38 lives and injured about 20 […]
Africa’s Minerals Power the Clean Energy Era AS the world accelerates the transition to low-carbon energy systems, Africa is emerging as a critical supplier of the minerals that make clean technologies possible. A report by the African Energy Chamber projects that global demand for critical minerals could increase five-fold by 2035, driven by renewable energy […]
By AUGUSTINA McSOLOMON-OGHAKPERUO FG Says Lagos Gold Refinery Not Government-Owned THE Federal Government has refuted claims by the Northern Elders Forum (NEF) that it established a gold refinery in Lagos, insisting the facility is a private investment. The clarification was issued by the Ministry of Solid Minerals Development following a statement by NEF alleging a […]
DEAP Capital Targets Africa’s Critical Minerals Financing Gap DEAP Capital Management & Trust Plc has signed a Memorandum of Understanding (MoU) to roll out a minerals and metals financing initiative across Africa, aimed at improving access to capital for operators in the continent’s fast-growing critical minerals sector. In a statement to the […]
By AUGUSTINA McSOLOMON-OGHAKPERUO Unlocking Nigeria’s Buried Wealth: Can Solid Minerals Deliver Lasting Revenue? A Sector Re-Imagined FOR decades, Nigeria’s solid minerals sector existed on the margins of national planning, overshadowed by oil. That is changing. Under President Tinubu’s diversification drive, mining has been repositioned as a strategic revenue engine. With […]
By AUGUSTINA McSOLOMON-OGHAKPERUO Focus: Sector Challenges & the Road Ahead Revenue Growth Masks Structural Hurdles NIGERIA’S solid minerals sector is showing robust revenue growth, escalating from ₦16 billion in 2023 to an expected ₦70 billion by the close of 2025—a performance enhanced by targeted reforms under Minister Dr. Dele Alake’s 7-Point Agenda. But behind the […]
By AUGUSTINA McSOLOMON-OGHAKPERUO PRESIDENT Bola Tinubu has declared that Nigeria has no reason to remain poor, given its vast reserves of natural resources and abundant human talent. Speaking at the 2025 Nigeria Mining Week in Abuja, Tinubu — represented by the Secretary to the Government of the Federation (SGF), Senator George Akume — called for […]
By AUGUSTINA McSOLOMON-OGHAKPERUO NIGERIA’S solid minerals industry is on the brink of a historic transformation as President Bola Ahmed Tinubu unveiled a ₦1 trillion investment plan to drive mining-led economic growth and diversification. Speaking at the 10th Nigeria Mining Week 2025 in Abuja, President Tinubu — represented by the Secretary to the Government of the […]