NEITI blames illegal mining, weak regulation and opaque ownership for illicit financial flows undermining Nigeria’s mining sector.

The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised concerns over illicit mining activities, weak ...

By Isaac Anyaogu LAGOS, May 15 (Reuters) - Nigeria is losing vast mineral revenues to a web of illegal trading networks dominated by foreign buyers, shell companies and armed criminal groups, a joint ...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised concerns over rising illicit financial flows in ...

However, NEITI stated that IFFs have eroded this potential through revenue leakages, tax evasion, illegal mining, smuggling, ...

Africa is the world’s leading minerals destination. Yet, it remains the poorest continent, contributing less than 3% GDP to the global economy. This economic paradox has elicited intense academic ...

Nigeria’s Vice-President Kashim Shettima says the mining sector alone attracted $2.62 billion in 30 months. Shettima said reforms introduced by the administration of President Bola Tinubu are ...

While government agencies maintain digital systems intended to support transparency and oversight in the mining sector, many affected communities remain unable to access or use them effectively.For ...

"We are becoming a global hub for mineral refinement, beneficiation, and value-driven industrial growth," he pointed out.

The Nigerian Government has disclosed that more than 327 persons, including foreign nationals allegedly linked to illegal ...

The unlocking of Nigeria’s estimated $700 billion mineral wealth is dependent on a strong and credible mining finance system, the Executive Secretary of the Solid Minerals Development Fund (SMDF), ...

The Nigeria Extractive Industries Transparency Initiative has warned that illicit mining activities, weak regulatory oversight, and criminal infiltration of mining communities are draining Nigeria’s ...