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News
Alake Woos Investors to Repurpose Abandoned Mining Sites | Business
2+ hour, 17+ min ago (1197+ words) The Minister of Solid Minerals Development, Mr Dele Alake, has urged investors to partner with the federal government to convert abandoned mining pits into profitable ventures, as part of efforts to curb illegal mining and prevent avoidable deaths at unlicensed…...
Nigeria Discovers New Mineral Deposits to Boost Wealth Beyond Oil |
1+ mon, 3+ week ago (1492+ words) Nigeria has announced the discovery of new deposits of valuable copper, lithium, and rare earth minerals, boosting efforts to further diversify the country’s economy away from oil. The Federal Ministry of Solid Minerals Development received a new report identifying Nigeria’s…...
Nigeria Launches EMERGE to Unlock $750bn Mineral Wealth | Business
1+ mon, 3+ week ago (1372+ words) The programme is part of moves to unlock Nigeria’s $750 billion worth of untapped mineral deposits under broader efforts to diversify its economy beyond oil. Nigeria has outlined plans to expand mineral exploration and production, identifying 44 strategic mineral deposits and is…...
Insecurity: Northern Govs Seek Mining Ban, Float N228bn Security Fund | Business Post Nigeria
8+ mon, 2+ week ago (1054+ words) By Adedapo Adesanya The Northern Governors’ Forum and the Traditional Rulers’ Council have proposed a six-month suspension of all mining activities in the region, attributing illegal mining as a major factor responsible for the worsening insecurity in many states. The Northern…...
Alake Seeks Regional Energy Hubs for Africa’s Mining Value Chain | Business Post Nigeria
4+ mon, 4+ week ago (1052+ words) By Adedapo Adesanya The Minister of Solid Minerals Development, Dele Alake, has called for the establishment of regional energy hubs as a strategic pathway to accelerate cross-border mining industrialisation and strengthen the supply chain of critical minerals essential for the…...
Solid Minerals Ministry Generates N70bn Revenue in 2025
7+ mon, 2+ week ago (1665+ words) The Ministry of Solid Minerals Development recorded an increase in revenue, rising to over N70 billion in 2025 from about N16 billion in 2023. The development was disclosed by Mr Segun Tomori, the Special Assistant on Media to the Minister of Solid Minerals Development,…...
Cross River Imposes Statewide Ban on Illegal Mining, Intensifies |
5+ mon, 1+ week ago (1654+ words) The Governor of Cross River State, Mr Bassey Otu, has imposed a statewide ban on illegal mining, directing all unlicensed operators to immediately shut down their activities. The directive followed a strategic meeting with stakeholders in the mining industry, where…...
FG, AFC to Fund $1.3bn Alumina Refinery, Two Other Mining Projects |
5+ mon, 2+ week ago (1632+ words) The federal government, through the Solid Minerals Development Fund (SMDF), has signed an investment agreement with the Africa Finance Corporation (AFC) to jointly fund three major mining initiatives, including a $1.3 billion alumina refinery project. Alumina is a chemical compound extracted…...