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According to the Nigerian Geological Survey Agency, Nigeria's lithium is acclaimed to be of high grade given it's lithium oxide content which ranges from 1 percent up to 13 percent, whereas the global standard for Lithium exploration and mining starts from 0.4 percent lithium oxide content. Indeed, Lithium exploration and processing has a richWeb

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The decline of mining in Nigeria was as a result of two major reasons; the discovery of oil in 1956, and the introduction of the indigenization Decree of 1972. This decree led to the establishment of the Nigerian Mining Corporation (NMC) and the Nigerian Coal Corporation (NCC) with specific mandates ( Mallo 2003).Web

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AS 2022 Nigeria Mining Week ended last week, the Miners Association of Nigeria, MAN, Monday, disclosed Minerals Buying Centres will soon take-off in the six geopolitical zones of the country. This ...Web

We have also institutionalized business-friendly incentives to further make the Nigerian mining sector more attractive to foreign investors. The incentives include: a. Customs and import duties waiver for plant, machinery and equipment imported for. mining operations. b. Tax holidays of between three to five years as applicable.Web

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Nigeria's former Ministry of Mines and Steel Development has identified three potential methods of bitumen extraction in Nigeria: (1) small-scale surface mining (2) large-scale surface mining and (3) in-situ extraction (see Figure 2). The depth of bitumen below the surface determines which extraction type is possible. Both in-situ and large-Web

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Where plant and machinery are transferred to a new company, the tax written down value of the asset transferred must not exceed 25% of the total value of plant and machinery in the new company. The company should also repatriate at least 75% of the export earnings to Nigeria and place it in a Nigerian domiciliary account in order to …Web

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