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Nigeria Loses $9bn To Illegal Mining

The Federal Government has disclosed that the nation has lost an alarming sum of $9 billion to the export of proceeds of illegal mining activities between 2014 and 2015. This is even as it has approved N987 million for the purchase of 50 Toyota Hilux...

FG Declares Tax Holidays, Duty Waivers In Mining Sector

The Federal Government has declared tax holiday holidays and duty waivers on imported mining equipment to foreign investors in the nation’s mining industry. This was made known by the Minister of Mines and Steel Development, Dr. Kayode Fayemi while speaking on ‘Mining for Shared Prosperity: Why Nigeria,...

W’Bank Debates Nigeria’s $150m Mining Loan Request

The Board of Governors of the World Bank is currently meeting to discuss the $150m loan that Nigeria is seeking from the institution to boost the fortunes of the mining sector, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said. Fayemi stated...

Ajaokuta Requires $2bn to Revive Operations- FG

The Federal Government has said that to get the Ajaokuta Steel Complex to produce at full installed capacity requires an investment of $2bn. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, was quoted to have said this in a publication of the ministry. At...

Mines/Steel: Ministry to Focus on Investor-Friendly Regulations

The Ministry of Mines and Steel Development has urged the Federal Government to give special attention to the development of eight critical areas to improve the mineral and mining sector. This is contained in the Ministry Roadmap made available to the newsmen in Abuja. It said...

Ministry Wants Focus on Mines, Steel Development

The Ministry of Mines and Steel Development has urged the Federal Government to give special attention to the development of eight critical areas to improve the mineral and mining sector. This is contained in the Ministry Roadmap made available to the News Agency of Nigeria...