Extractive Industry

Latest Extractive Industry News

Federal High Court sentences 4 Chinese nationals to 20 years’ imprisonment for illegal mining in Plateau

... orders deportation, forfeiture of N134.8m, mineral resources, all proceeds of crime…

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PNCNigeria: Nigeria’s local content in oil, gas sector rises to 56% in 2024, exceeds target

NCDMB revises Community Contractor Fund, allocates ₦15bn ... increases single obligor limit…

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NEITI 2022/2023 reveals over $6.049 bn, N65.9 bn in unpaid royalties, gas flare penalties as of Aug. 31, 2024

... shows over $6.071 bn, N66.4 bn in outstanding collectable revenues due…

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Nigeria, Russia, US, six others account for 75% of global gas flaring in 2023 -World Bank reports

...flared gas in 2023, reaches 148 bcm, highest level since 2019 ...…

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Proximity to natural resources drives FG’s decision to establish auto industrial park in Osogbo – NADDC Reveals

Oredola Adeola   The National Automotive Design and Development Council (NADDC) has…

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FG asserts control over solid minerals, urges States to seek approval on mining policies

...Alake seeks states involvement in Mineral Resources and Environmental Management Committee  …

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Nasarawa lithium factory offers Nigeria chance to master processing skills – President Tinubu

  Oredola Adeola   President Bola Ahmed Tinubu has revealed that the…

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Nigeria’s second Lithium factory takes off in Abuja, with $50m investment, features 6MW CNG gas power plant

... anticipated to yield an estimated $350 million annually .... targets 1.6…

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FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!

  ...Alake defends action, says "notices were issued to 963 mining licensees,…

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