SCUML Tasks Precious Metal Dealers on Compliance with Regulations
The Sokoto Zonal Coordinator of the Special Control Unit against Money Laundering, SCUML, Assistant Commander of the EFCC, ACE1 Ahmadu Bello, has charged dealers in precious metals and stones within the Sokoto Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, to ensure they conduct their activities lawfully to avoid conflict with the law. He stated this in Sokoto...
Expert urges FG to remove burden of power generation from mining firms
An energy expert, Ms Rahila Thomas, has called for the establishment of a high-level inter-ministerial committee to address the burden on mining companies that largely self-generate power for their operations.Thomas, the Country Director of Energy Markets and Rates Consultants (EMRC) Limited, made the call in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja.She said...
Uzodinma-led National Economic Council committee to fight rising cases of solid minerals theft
The National Economic Council is alarmed at the rate at which Nigeria's solid minerals are being mined and stolen and has therefore expanded the mandate of its Ad-hoc Committee on Crude Oil Theft Prevention and Control to cover mining.Imo State Governor, Hope Uzodinma, who is chair of the committee, told journalists in Abuja on Thursday that the expanded mandate...
Oyo governor backs RMAFC’s new mineral data revenue monitoring template, says this would boost mining remittance
Pix l-r: Prof. Olusegun A. Wright; Mr Abiodun Oni; Akeem O. Amosun; B.B Shetima; Engr. Adeniran Ajibade and Mr Dele Ayanleke at the event... A speedy implementation of the new solid mineral data rendition template for effective revenue monitoring is welcome as it will ensure prompt and accurate remittance of mining revenues to the Federation Account.Oyo State Governor,...
Oyo govt has created state-owned companies to explore, utilize its vast mineral wealth – Ojeyinka
Mr Olubisi Ojeyinka is the Chairman of the Miners Association of Nigeria, Oyo State chapter. In this interview with TheMiners' BANKOLE SHAKIRUDEEN, he spoke about the mineral wealth resources of Oyo state and how the government is positioning to utilise it to change the economic trajectory of the people of the state.IntroductionMy name is Olubisi Ojeyinka. I am a...
Nigeria’s strategic response to the global mineral scramble
By Adesuwa Dan- Princewill, Legal Contributor, The Miners Magazine The mining industry, once a quiet backend sector, now sits at the heart of the global Energy Transition. Internationally, the demand for "transition minerals" including lithium, cobalt, copper, and rare earth elements is projected to skyrocket by over 400% by 2040 to meet the needs of clean energy technologies. In Nigeria, this...
What to Consider in Selecting Mining Equipment
Selecting the right mining equipment is a strategic and critical decision that underpins the safety, efficiency, and long-term profitability of any mineral extraction project. The choice is fundamentally driven by a complex interplay of geological constraints, operational requirements, and, significantly in the African context, specific local infrastructure and economic realities.For a nation like Nigeria, with its vast and diverse...
US seeks bigger stake in Liberia’s critical minerals
The US has discussed expanding its investment in Liberia, including greater participation in the West African country’s critical minerals sector, the State Department said Friday.Secretary of State Marco Rubio and Liberian Foreign Minister Sara Beysolow Nyanti held talks in Washington on Thursday that focused on deepening bilateral ties, State Department spokesperson Tommy Pigott said.“The meeting explored avenues for expanding...
Lithium Must Not Go the Oil Way,-By Umar Abdulsalam
*Photo: Umar Abdulsalam* Just over five years ago, Nigeria reported the discovery of vast lithium, with confirmed deposits across 10 states of Cross River, Ekiti, Kaduna, Kogi, Kwara, Nasarawa, Niger, Ogun, Plateau and Zamfara, with a total estimated value, worth over $700 billion. Lithium could be Nigeria’s ticket into the green economy, but history warns that resource wealth here has...
RMAFC reaffirms commitment to boost revenue from mining sector
In line with its commitment to bridging the gap in the remittance of revenue generated from the mining sector into the Federation Account, the Revenue Mobilization Allocation and Fiscal Commission organised a sensitization workshop on the new template for data rendition in Enugu for the South East Zone on Thursday 16th October, 2025. Speaking at the occasion, Chairman of the...
