Nigeria: Mining

The Federal Government has introduced significant fiscal reforms in the mining sector with the enactment of the Nigeria Tax Act, 2025 (NTA) and the Nigeria Tax Administration Act, 2025 (NTAA). These new laws represent a definitive departure from the previous fiscal regime, which was primarily governed by the Nigerian Minerals and Mining Act, 2007 (the "Mining Act") and the Companies Income Tax Act, 1977 (as amended) (CITA).

Mining has become one of the key drivers of Africa's economic growth and development.

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it is in advanced discussions with a Chinese petrochemical company over an equity partnership to revive one of its underperforming refineries.

There are two government agencies vested with the power to grant export licenses in Nigeria. They are: The Nigeria Export Promotion Council (NEPC) which is saddled with the responsibility of issuing out...

To ensure that host communities derive both economic and social benefits from mining activities conducted within their territories, the Federal Government ("FG")...

Mining is the process of extracting valuable or geological materials such as metals, bitumen, iron ore coal, gemstones, gold, limestone, tin as well as some other valuable minerals from the earth.

Operating a business in Nigeria requires various licenses and permits, which are vital for legal compliance and smooth functioning.

The ownership and control of all mineral resources in, under or upon any land or waters within the territory of Nigeria are vested exclusively in the Government of the Federation for and on behalf of the Nigerian people by the Constitution of the Federal Republic of Nigeria, 1999.

Having a thorough understanding of the regulatory landscape in Nigeria is crucial for business success, yet it's often one of the most challenging parts of setting up a business.