• December 5, 2024
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Nigeria Signs Deal for $1 Billion Iron Ore to Steel Plant

Nigeria Signs Deal for $1 Billion Iron Ore to Steel

September 10, 2024

Dele Alake, Solid Minerals Development Minister, has hailed the $1 billion (N1.6 Trillion) new iron ore-to-steel project planned for Kogi State as a breakthrough in the Federal Government’s campaign to make local value addition the model of development in the solid minerals sector. Addressing the promoters- Chart and Capstone Integrated Limited of Nigeria and Sinomach-He […]Read More

EV Transition Targets Out of Reach Without More Copper Mines – IEF

EV Transition Targets Out of Reach Without More Copper Mines

May 15, 2024

Targets for 100 percent electric vehicle adoption by 2035 cannot be achieved without an unprecedented acceleration in copper mining, according to Joseph McMonigle, the Secretary General of the International Energy Forum. Copper is the most essential mineral for societal development, but growing electrification needs globally cannot be met if limited supplies of copper are taken […]Read More

Geopolitics and Inflation Threaten to Derail Booming Stock Market

Geopolitics and Inflation Threaten to Derail Booming Stock Market

April 30, 2024

Although the beginning of the year offered mixed signals for the global economy, US markets today continue to experience positivity. Prices for general markets witnessed an uptrend in late February, followed by a continuation in March and a reversal in April. Fueled by buyer sentiment, the S&P 500 index notched its best first quarterly performance […]Read More

FG Revokes 924 Dormant Mining Licences

FG Revokes 924 Dormant Mining Licences

April 24, 2024

The Federal Government has revoked 924 dormant licences spanning exploration, mining, small-scale mining, and quarrying.  Dele Alake, Minister of Solid Minerals Development, announced the revocation at a press conference on Wednesday.  According to him, this is done in furtherance of efforts to sanitise Nigeria’s mining sector.  He declared that in line with constitutional provisions, adequate […]Read More

Explainer: Major Things To Know About Nigeria’s Solid Minerals Roadmap

Explainer: Major Things To Know About Nigeria’s Solid Minerals Roadmap

September 12, 2023

Last week, Oladele Alake, the Minister of Solid Minerals, addressed the press on the solid minerals roadmap in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda and how the administration is going to reposition the sector as a major driver of economic growth. “President Bola Ahmed Tinubu has taken firm, courageous decisions that have […]Read More

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