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Nigerian Minerals and Mining Act
For so many years, following the lead of the resources that came into the national treasury from oil and gas, the mining of solid minerals has been touted as the next big source of revenue. The memories of solid minerals exploitation, including tin and coal, before the discovery of oil provided some nostalgia about bringing back old revenue sources to life.
The Ministry of Mines and Steel Development says it has finalised guidelines on solid mineral export to ensure that unprocessed solid minerals are not taken out of Nigeria.
The Federal Government has directed the Management of BUA Group to vacate and stop mining activities in the disputed location within Mining Lease No 2541ML.
The Federal Government has announced plans to commence a Gold Purchase Scheme early next year, aimed at increasing revenue accruable from the country’s abundant gold deposit.
Management of Dangote Group over the weekend accused BUA of engaging in illegal mining of limestone deposited in its Mining Lease No. 2541, located in a boundary town of Oguda/Ubo in Okene Kogi State.
The Minister of Mines and Steel Development, Dr Kayode Fayemi, has canvassed an urgent review of the country’s laws to allow states play more prominent roles in mining issues as a necessary step in making the mineral and mining sector more profitable.
The Minister of Mines and Steel, Dr Kayode Fayemi, has expressed concern over low investment in the mining sector.
The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached all time low of 27,864.49 due to sell pressure in Seplat and 18 other equities.
Nigeria have been pooled against Sierra Leone, Lesotho and Benin Republic in Group L of the 2021 Africa Cup of Nations billed for Cameroon.
The Ebonyi State Governor David Nweze Umahi has sworn in a 29-year-old photographer, Francis Nwaze, into his cabinet as his special Assistance on media/project documentation.
A Delta State High Court sitting in Warri Judicial Division presided over Justice A.A. Onojovwo, has sentenced one Victor Nwankpa to death by hanging for armed robbery.
President Muhammadu Buhari has expressed delight over the International Religious Freedom Award conferred on Imam Abubakar Abdullahi of Nigeria by the U.S. Department of State.
A Nigerian suspected to be a member of an international drug cartel has been arrested by India’s Anti-Narcotics Cell in Mumbai.
China’s crude oil imports in June averaged 9.63 million bpd, an increase of 1.7 percent from an average of 9.47 million bpd in imports in May, and a 15.2-percent increase from 8.36 million bpd in June last year, according to Reuters calculations in barrels from data in tons provided by the Chinese General Administration of Customs.
A 43-year-old land developer, Kolawole Ayinde, who allegedly defrauded 46 accommodation seekers of N11.3 million, on Friday appeared before a Surulere Chief Magistrates’ Court in Lagos.
Leaders of Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) have called for the collaboration of the Christian Association of Nigeria (CAN) in uniting the different religious groups in the country for peaceful resolution of the farmers-herders’ conflicts.
President of the Nigeria Football Federation, Amaju Pinnick, has stated that head coach of the Super Eagles, Gernot Rohr, will not be sacked despite the mounting pressure on the Nigerian football ruling body to relieve the German of his appointment.