Nigeria: Mining

Nigeria and Ghana's energy and natural resources sectors are transitioning from policy formulation to active implementation, with major infrastructure projects advancing and regulatory frameworks strengthening. As NLNG Train 7 nears completion and the Nigeria-Morocco Gas Pipeline secures funding, both nations are intensifying efforts to monetise resources, expand generation capacity, and attract mining investments while tightening oversight across petroleum, power, and mineral sectors.

Nigeria and South Africa remain two of Africa’s most significant energy markets, with substantial natural resources, sophisticated financial ecosystems, and growing ambitions to lead the continent’s evolving energy economy. However, despite their strategic importance, the full potential for cross-border energy investment and collaboration between both jurisdictions remains largely untapped.

Nigeria and Ghana are entering a more disciplined execution phase in their energy and natural resources sectors, marked by firmer regulation, active project delivery, and clearer investment signals. Upstream activity is intensifying with over 300 firms competing for oil blocks, while gas pricing adjustments and power sector reforms point to coordinated efforts to stabilise markets and expand supply across both nations.

Nigeria's mining sector is experiencing renewed attention, yet liquidity constraints remain a significant challenge for mineral title holders seeking to develop mining assets.

The Lagos State Electricity Regulatory Commission (LASERC) has licensed two new electricity distribution companies namely Excel Distribution Company Limited and IE Energy Lagos...

For decades, Nigeria's economy has been reliant almost exclusively on proceeds from it crude oil production. Yet it is geologically endowed with over 44 mineral types spread across over 500 locations within its federation.

Monthly update on Nigeria's petroleum, mining and power sectors.

The Nigerian mining sector showed considerable resilience and potential for growth in 2024, despite ongoing challenges. The National Bureau of Statistics recently reported that Nigeria's GDP grew by 3.19%.

Mining is a critical component of Nigeria's economy, contributing significantly to its gross domestic product (GDP). As a country endowed with abundant mineral resources such as coal, gold, limestone, and tin...