Mining Archives — City Business News

September 25, 2024 No Responses

Ecobank Nigeria Partners Women In Mining On Gold, Gemstone Conference

Ecobank Nigeria, a subsidiary of the Ecobank Group, is partnering the Women in Mining In Nigeria (WIMIN) for its annual Gold & Gemstone Conference & Exhibition. The 3-day event scheduled for Thursday, September 26th to Saturday, September 28th will be...

August 27, 2024 No Responses

Niger Lifts Ban On Mining

Niger State Government has suspended its ban on mining activities in the state, a year after Governor Umaru Bago placed the restriction. Acting Governor Yakubu Garba announced the suspension at the Government House in Minna, outlining the conditions for mining...

April 25, 2024 No Responses

Nigeria Revokes Additional 924 Dormant Mineral Licences

The Federal Government has revoked an additional 924 dormant mineral licences with immediate effect. The revoked mineral licences which include 528 exploration licences, 20 mining leases, 101 quarry licences, and 273 small-scale mining licenses, were disclosed...

March 22, 2024 No Responses

FG Inaugurates Marshals To Combat Illegal Mining

As part of measures to tackle unauthorized mining activities, the Minister of Solid Minerals Development, Dele Alake, has launched the inaugural group of Mining Marshals Corps. Presenting the Mining Marshals in Abuja on Thursday, Alake explained tha...

March 21, 2024 No Responses

Russian Firm, Rosatom Commences Exploration Of Lithium In Edo

One of Europe’s largest nuclear energy companies, Rosatom, has commenced exploration of lithium in Edo State and has gotten the state government’s approval to build a lithium processing plant. The Commissioner of Mining and Energy, Enaholo Ojiefoh, who dis...

February 25, 2024 No Responses

ECOMOF 2024: UBA Reiterates Support For African Economic Expansion Through Strategic Supports For Mining, Oil Sectors

United Bank for Africa (UBA) Plc has reaffirmed its unwavering commitment to spearhead economic growth across the continent through targeted policies aimed at maximizing the benefits derived from the mining and oil sectors. To this end, the bank is poise...

November 22, 2023 No Responses

Nigeria Revokes 1,633 Mining Licenses

The Federal Government of Nigeria, through the Minister of Solid Minerals Development, Mr Dele Alake, has announced the revocation of mineral titles of 1,633 holders with a stern warning to the former title holders to vacate the relevant cadastre immediately.....

October 22, 2023 No Responses

Lagos Seeks Collaboration With Nigerian Mining, Geoscience Society

The Special Adviser on Mineral Resources, Engr. Abiola Olowu has urged the Nigerian Mining and Geosciences Society to join hands with the present administration in the State to advance the understanding and application of geology, geophysics and related discip...

September 4, 2023 No Responses

Nigeria Issues Illegal Miners 30-Day Ultimatum

The Federal Government of Nigeria has issued a 30-day ultimatum to illegal miners to desist from such activities in the country. Speaking during a press conference in Abuja on Sunday, the Minister of Solid Minerals Development, Dele Alake, explained that...

November 5, 2022 No Responses

First Bank Reiterates Commitment To Funding Mining Sector

First Bank of Nigeria has reiterated its support to mining sector development and growth as part of efforts to diversify the nation’s economy. First Bank’s Group Head, Corporate Banking, Energy (Upstream and midstream), Temitayo Osundosumu, said this durin...

August 13, 2020 No Responses

FG Flays Double Taxation In Mining Sector

The Federal Executive Council (FEC), on Wednesday, authorised the finance ministry to directly deduct the federal allocation of any state or local councils found imposing illegal taxes on mining operations. The Minister of Information and Culture, Alhaji Lai M...

July 10, 2020 No Responses

Mining Firm Drags Ebonyi To Court, Seeks N500m Compensation

A mining company, Crushed Rock Industries Ltd., on Thursday, dragged Ebonyi State Government before the Federal High Court, Abuja, demanding N500 million damages over alleged unlawful shutdown of its quarry site. In an originating summon with suit number: FHC/...

March 16, 2020 No Responses

NEITI: Nigeria Earns N69.47b From Solid Minerals Sector In 2018

Nigeria earned N69.47 billion from the Solid Mineral sector in 2018, the Nigeria Extractive Industries Transparency Initiatives ( NEITI), has disclosed. NEITI disclosed this in its latest audit report of the solid minerals sector released on Sunday in Ab...

April 8, 2019 No Responses

Nigeria Suspends Mining Activities In Zamfara

The Federal Government has announced the suspension of all forms of mining activities in Zamfara, and ordered all foreigners engaged in mining activities to leave the area within 48 hours. The acting Inspector-General of Police, Muhammed Adamu, who disclosed t...