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Nigeria’s mining sector has delivered its strongest performance in decades. Solid minerals exports reached ₦354 billion in 2025 as policy shifts begin to shake off years of stagnation. The Executive Secretary and Chief Executive Officer of the Solid Minerals Development Fund (SMDF), Hajiya Fatima Shinkafi, notes that the industry grew by 33.5 per cent in real…
The Federal Government has announced the discovery of a world-class polymetallic mineral province in Kaduna State, containing platinum group metals, gold, nickel, copper, lithium, and rare earth elements, in a development positioned to deepen Nigeria’s drive to diversify its economy away from crude oil. Minister of Solid Minerals Development, Dr. Dele Alake, disclosed the…
The Ministry of Industry, Trade, and Investment secured over $380 million in strategic financing commitments during the first 90 days of implementing its new industrial policy. John Owan Enoh, the Minister of State, disclosed the capital injection in a comprehensive quarter-one performance report presented in Abuja. The newly minted framework aims to lift the manufacturing…
Africa’s persistent reliance on raw material exports leaves the continent dangerously exposed to global price volatility, geopolitical friction, and supply-chain chaos. The African Export-Import Bank delivered this sobering assessment in its latest Trade and Development Finance Brief. The report details a familiar structural flaw. Most African nations continue to ship out agricultural goods, crude oil,…
The Nigerian Export Promotion Council (NEPC) has revealed that non-oil goods account for only 10 per cent of Nigeria’s total exports to the European Union. Despite a substantial total trade volume of $21.87 billion in 2024, the export basket remains heavily dominated by crude oil. Mrs. Nonye Ayeni, the NEPC Executive Director, urged domestic agro-exporters…
