The Nigerian Naira Devaluation and Its Implications for the Economy
The devaluation of the Nigerian Naira to a rate of N1503.38 per US dollar represents a 0.26% decrease, signaling a...
Month: February 2024
Africa Minerals Strategy Group: Nigeria Takes the Lead in Solid Minerals Sector
Nigeria's Minister of Solid Minerals Development, Dr. Dele Alake, has received widespread acclaim as he assumes the role of chairman...
Federal Government’s Plan to Boost Mining Industry
The Federal Government of Nigeria, through the Ministry of Solid Minerals, has unveiled plans to establish a state-backed corporation with...
Prioritising Security Measures in Nigeria’s Mining Sector: A Call to Action
The recent increase in illicit mining activities in specific regions of Nigeria has been directly correlated with the upsurge in...
Rising Debt of Miners to Banks Amidst State Bans
The mining and quarrying sector has experienced a marked increase in bank loans in the third quarter of 2023, amounting...
A Golden Era for Nigeria’s Solid Minerals Sector
The appointment of Dr. Dele Alake, Nigeria's Minister of Solid Minerals Development, as the inaugural chairman of the Association of...
Exploring Fresh Avenues for Nigeria’s Mining Sector
Nigeria has long been heavily reliant on its oil and gas industry as the primary driver of its economy. However,...
Proposal to Allocate 5% of Mining Revenue to Host Communities
The House of Representatives Committee on Solid Minerals has proposed that five per cent of solid minerals revenue should be...
The Transformation of Mining in South Africa and Nigeria: A Step towards Economic Prosperity
On the 13th of February, 2024, South African President Cyril Ramaphosa delivered a significant announcement at the Investing in African...
The Exploitation of Nigeria’s Solid Minerals by Foreign Entities: A Call for Reform
The governor of Nasarawa State, Abdullahi Sule, has expressed deep concerns regarding the exploitation of Nigeria's solid minerals by non-Nigerians,...
