Nigeria is looking forward to mining dislodging oil as a major revenue earner. Consequently, the Ministry of Mines & Steel Development is offering various mouth-watering fiscal and regulatory ...

Nigeria is now a major cryptocurrency country, with Bitcoin mining supported by green energy projects. This addresses current problems and opens up possibilities for a more sustainable and ...

The federal government is expecting to add about 2,500 barrels per day (bpd) to its production capacity following drilling ...

Nigeria aims to develop its lithium mining industry as a sustainable alternative to dwindling oil reserves, prioritizing local processing and tackling illegal mining practices.

This could be unprecedented. In most countries, oil-and-gas production is the job of global giants such as Shell and Exxon, or state-owned entities such as Saudi Arabia’s Aramco and Brazil’s Petrobras ...

In its 2014 annual company report, Shell revealed that it had sold eight Oil Mining Leases in Nigeria between 2010 and 2014. During last year’s report, Shell revealed it had already sold 50% of ...

The Organisation of Petroleum Exporting Countries (OPEC) said Nigeria's crude oil exploration dipped by 6.7% as the country's available oil rigs dropped to 14.

A man shows lithium stone from an illegal mining site in Paseli, north central Nigeria, Tuesday, Nov 5, 2024. Credit: AP/Sunday Alamba “But it is God that protects,” he said.

It said May 12, 2024, it had started production at Oil Mining Lease (OML) 13 in the Niger Delta. OML 13 started up at a rate of 6,000 barrels of oil per day (bopd), expected to increase to 40,000 ...

No fewer than 40 oil licences will expire in June 2025, and the companies holding these assets may lose them unless the Minister of Petroleum renews their licences in accordance with the Petroleum ...

Mining looks good to replace oil as Nigeria’s main revenue earner in the next five years. Achieving this, according to Partner/Mining Industry Leader, PwC Nigeria, Mr. Cyril Azobu, requires ...