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Laws of the Federation of Nigeria - Petroleum Act 1990
Laws of the Federation of Nigeria Arrangement of Sections 1. Vesting of petroleum in the State, etc. 2. Oil exploration licences, oil prospecting licences and oil mining leases 3. Refineries. 4. Control of petroleum products. 5. Offences in connection with the distribution of petroleum products 6. Price control. 7. Rights of pre- emption. 8.
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The Legal and Regulatory Framework for Mining in Nigeria
the Minerals and Mining Decree (1999) and conducted a major policy review through the Presidential Committee on Solid Minerals Development (2003). Another such signals is the procurement last year, of mineral law expertise to review and revamp the current mining law in conformity with international best practices. This is a
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Changes in Nigeria's Mining Law - Camachem
However, the biggest hurdle for the sector has remained illegal mining. It is estimated that 80% of mining in northern Nigeria's reserves is illegal. The unlawful system stands to imperil the region's stability and damage the environment. The federal government, despite efforts, has remained unsuccessful in tackling the problem. The New Plan
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Nigeria | LandLinks
Nigeria's laws establish total national ownership of all subsurface resources, including all minerals, oil, and gas. The governance regimes established to collect and redistribute the revenues generated by the oil and gas industry, therefore, assumed federal government control. ... gas and mining, accepted Nigeria as an EITI Candidate Country ...
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What to know about Mineral Exploration Licencing in Nigeria - Nigeria ...
Mining rights The right to search for or exploit any mineral in Nigeria is governed by different mineral titles. The titles obtainable in the country are the Reconnaissance Permit (RP), Exploration Licence (EL), Small Scale Mining Lease (SSML), Mining Lease (ML) and Quarry Lease (QL) the Water Use Permit (WUP). Mining Titles Reconnaissance Permit
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Chevron Nigeria Limited v Nwuche And Ors (PH 420 of 2005) [2016] NGCA ...
The law applicable at the time of the determination of the action may however be different. See the case of ISAAC OBIUWEUBI v. CENTRAL BANK OF NIGERIA (2011) 7 NWLR (PART 1247) 465 at 495 B-D where RHODES-VIVOUR, JSC held thus:-"The law in force or existing at the time the action arose is the law applicable for determining the case.
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All You Need to Know About Contract Law in Nigeria
Contract law in Nigeria is one of the developments in the economic and legal reform of the Federal Government of Nigeria aimed at protecting the rights of the parties involved in business transactions. Several other reforms such as the Law of Minerals and Mining Act. 2007 saw the regulator of the sector gaining powers to grant licenses, secure ...
WhatsApp:+8617329420102Nigeria gift-giving laws | The FCPA Blog
They shall not accept gifts from commercial firms, business enterprises or persons who have contracts with the government. However, public officers are allowed to accept personal gifts or benefits from relatives or personal friends to such extent and on such occasions as are recognised by custom.
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Doing Business in Nigeria: How Foreign Companies and Offshore Investors ...
Lex Artifex LLP., provides a wide range of timely and cost-efficient integrated legal solutions to its clients both internationally and in Nigeria.The firm's practice areas include corporate and commercial law, regulatory compliance, due diligence, real estate, joint ventures, mergers & acquisitions, investment advisory, taxation, company secretarial services, debt recovery, shipping ...
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Nigeria: Review of Nigeria's Mining Act Underway - Osinbajo
Nigeria's mining law The Nigerian Mineral and Mining Act 2007 was re-enacted to repeal the Minerals and Mining Act No. 34 of 1999 for the purpose of regulating all aspects of the exploration and...
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Nigerian Minerals and Mining Act, 2007. | UNEP Law and Environment ...
An Act to Repeal the Minerals and Mining Act, No. 34 of 1999 and Re-enact the Nigerian Minerals and Mining Act, 2007 for the purposes of Regulating all Aspects of the Exploration and Exploitation of Solid Minerals in Nigeria; and for Related Purposes. Date of consolidation/reprint 21 Feb 2013 Notes
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10 Best Mining Companies in Nigeria - Nigerian Infopedia
In Nigeria, mining activities are regulated by the Federal ministry of mines and steel development. There are many top mining companies in Nigeria who are still carrying out exploration services in the country. Some are owned by Nigerians while some are foreign companies.
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Nigeria: Niger Suspends Mining Activities in Three LGAs
Nigeria: Niger Suspends Mining Activities in Three LGAs. 5 July 2022 ... said the state government would now domesticate the mining laws which will put all mines and miners under the state ...
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PLAC - 2004 Laws of Nigeria
(1) There shall be established a body by the name of the Nigerian Mining Corporation which shall be a body corporate with perpetual succession and a common seal. (2) The Corporation shall consist of the members mentioned in section 2 of this Act and the provisions of the First Schedule to this Act shall have effect with respect to the
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All you need to know about Nigeria's new mining law
Dec 17, 2021In November, the Nigerian government unveiled plans to revise its crucial mining law, the Nigeria Minerals and Mining Act (NMMA). The outdated law, which hasn't been updated since 2007, is accused of stifling growth in the nation's underdeveloped mining sector.
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All You Need to Know About Nigeria's New Mining Law
In November, the Nigerian government unveiled plans to revise its crucial mining law, the Nigeria Minerals and Mining Act (NMMA). The outdated law, which hasn't been updated since 2007, is accused of stifling growth and development in the nation's undeveloped mining sector.
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"Mining ministry in Nigeria inundated with investment enquiries"
At the 2019 Nigeria Mining Week in Abuja, the minister delivered the opening address and spent a lot of time interacting with event partners, mining houses, exhibitors and prospective investors. ... Environmental Laws and Regulations are being enforced to the letter. Nigeria, also last year organized the 2nd International Conference on ...
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10 Problems of Mining in Nigeria - InfoGuideNigeria
Illegal Artisanal Mining In order to escape the payment of taxes and other royalties, some small scale and artisanal miners indulge in illegal mining. As of a matter of fact, most Nigeria's mining is conducted informally at levels as high as 80% of activity in some regions of the country which is not necessarily of Naira earnings.
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Legislation Nigeria (Lexadin)
Taxes and Levies (Approved list for collection) Decree No. 21 of 1998. Banking Law. Dishonoured Cheques (Offences) Act (1977) Economic and Financial Crimes Commission Act 2002. Investments and Securities Decree No. 45 of 1999. The Central Bank of Nigeria Act 24, 1991. Insurance Law. Insurance Act, 2003.
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Snapshot: environmental regulations for mining activities in Nigeria ...
The Nigerian Minerals and Mining Act 2007 (Chapter N162 Laws of the Federal Republic of Nigeria (LFN) 2004) and the Minerals and Mining Regulations 2011 (the Mining Regulations) also prescribe ...
WhatsApp:+8617329420102PAGMI: A Factsheet on Gold Mining Licensing and Revenues in Nigeria ...
Both illegal mining of solid minerals and illegal refining of crude oil are criminal acts that are liable to prosecution by the Government. Just as law enforcement agencies arrest illegal refiners and destroy their illegal refineries, they also clamp down on illegal miners of solid minerals.
WhatsApp:+8617329420102Energy and natural resources in Nigeria | Law firm and lawyer rankings ...
Energy and natural resources in Nigeria Tier 1 firms Dentons ACAS-Law Dentons ACAS-Law is the result of a combination between Dentons and Adepetun, Caxton-Martins, Agbor & Segun in April 2021. The amalgamated entity is active in the oil and gas, power, renewable energy and mining industries.
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Mining royalties increase Nigeria's revenue - Premium Times
Mining royalties increase Nigeria's revenue In 2019, the total royalty generated amounted to N2.56 billion, representing a 9 per cent increase to the amount generated in 2018.
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NIGERIAN MINERALS AND MINING ACT - Centre for Human Rights
Monuments Act, Cap. N19, Laws of the Federation of Nigeria, 2004 and the National Parks Service Act, Cap. N65, Laws of the Federation of Nigeria, 2004; or (e) over which a mineral title has previously been granted by the Mining Cadastre Office and where such mineral title is subsisting.
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COMPULSORY INSURANCE COVERS IN NIGERIA - TONBOFA Law Practice
The Insurers Committee, in charge of insurance affairs in Nigeria, is responsible for ensuring compliance with these compulsory Insurances. The Committee comprises National Insurance Commission (NAICOM), Nigerian Insurers Association (NIA) and all CEOs of the Insurance Companies. For more on this, kindly send an email to atiyat@tonbofa.
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Minerals Commission Official Website - Minerals Commission
For the mining sector, the policy objectives considered under the SMTDP (2018 - 2021) are: Ensure sustainable extraction of mineral resources; and Ensure the mining sector is linked with the rest of the economy. The average price of gold in 2019 (US$ 1,393.34/oz) was higher than that of 2018 (US$ 1,268.49/oz).
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Mining Extant Laws'll Bring Peace Between Operators ... - Science Nigeria
The Minister of State, Mines and Steel Development, Dr. Uchechukwu Ogah (second from left) flanked by BUA Cement and ministry officials during a facility tour of the company in Edo State. The Minister of State, Mines and Steel Development, Dr. Uchechukwu Ogah, has said operating within mining extant laws will engender peaceful coexistence between operators.
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2022 Budget: Mining laws amendment takes N8.4m; exploration, N161m
2022 Budget: Mining laws amendment takes N8.4m; exploration, N161m January 7, 2022 By Gabriel Ewepu, ABUJA THE Federal Government will spend N161 million on exploration of nine solid minerals...
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Nigeria suffering from under-utilisation of mineral resources - Minister
He also noted that insufficient geoscientific data and geological knowledge, weak implementation and enforcement of mining laws and regulations have been critical constraints to the mining sector's...
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INDUSTRIAL ACTIVITIES AND MINING STANDARDS & REGULATIONS ... - Law Nigeria
CENTER FOR LAWS OF NIGERIA: NESREA FEDERAL STANDARDS/REGULATIONS. PDF COPY OF ANY LISTED REGULATION CAN BE DOWNLOADED FOR N2500. PDF COMPENDIUM OF ALL LAWS/CATEGORIES ALSO AVAILABLE Email: lawnigeria@gmail and info@lawnigeria or Text/Whatsapp: +234 706 710 2097. DOWNLOAD PDF COPY OF THIS LAW (N3000)
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Review of Nigeria's Mining Act underway - Osinbajo
Nov 18, 2021Nigeria's mining law The Nigerian Mineral and Mining Act 2007 was re-enacted to repeal the Minerals and Mining Act No. 34 of 1999 for the purpose of regulating all aspects of the exploration and...
WhatsApp:+8617329420102MINING LAWS AND TAXATION IN NIGERIA - Academia.edu
Nigerian mining laws came out from the three laws governing mining activities in Nigeria. They are the Nigeria Mineral and Mining Act of 2007 called "the Act", the National Minerals and Metal Policy of 2008 and the Nigeria Minerals and Mining Regulations of 2011, called "the Regulation".
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At a glance: mining duties, royalties and taxes in Nigeria
May 27, 2021The Minister of Mines and Steel Development (Minister) may waive the payment of royalty for any mineral exported solely for the purpose of analysis or experiment or as a scientific specimen. In...
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NIGERIAN MINERALS AND MINING ACT,2007 - The iGuides
ARRANGEMENT OF SECTIONS CHAPTER I-MINERALS, PROSPECTING, MINING AND QUARRYING PARTI-OWNERSHIP ANDCONTROL Or MINERALS 1. Control ofproperty in minerals, water, etc, vested in the State. 2. Prohibition of exploration or exploitation of Minerals without authority. 3. Lands excluded from minerals exploration and exploitation.
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Iron Ore Mining In Nigeria: Facts Or Fictions!! - Business - Nigeria
Burston isn't overly concerned about the dramatic fall in the iron ore price -- to below $US90 at one particularly nervy moment last month -- that has forced some big miners in Australia to scale back their expansion plans. He predicts the price will stabilise at around $US120 a tonne, though he admits this could take some time.
WhatsApp:+8617329420102Africa in the news: Tillerson fired during Africa trip, attack in ...
DRC and Nigeria to implement new tax laws This week, the Democratic Republic of the Congo (DRC) moved toward increasing taxes and royalties imposed on the mining industry .
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Nigeria - Oil, Gas, and Mining Sectors - International Trade Administration
The government also signed an MOU with the U.S. Geological Society to accurately map Nigeria's estimated 34 potential minerals to open the country for investment. GON hopes to focus on eight sub-sectors: iron ore, gold, copper, coal, tar-sands/bitumen, barite, lead-zinc, and dimension stone.
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FG sanctions 14 mining companies for violating environmental laws
The acting director said it was mandatory for any mining company in Nigeria to submit these documents to the ministry before it commenced mining but all the companies sanctioned had failed to do so.
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Mining Companies in Nigeria List 2021 Updated - Digital Marketing Blog ...
We are an Indigenous Nigeria company registered under the Nigerian law as a Mining & Exploration, Mineral processing and export company. The company was founded, operated and managed in 2008 under a business name Elipse international solutions but was later incorporated into law in April 17th 2013.
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Energy and Mining - BlackFriars
With a new Mining law regime in Nigeria, we frequently provide updates and clear legal advice to clients on a variety of mining law issues in Nigeria. We liaise with Nigeria's Ministry of Solid Minerals Development and with the Mining Cadastre Office (MCO) to help our clients achieve their goals. The MCO has exclusive responsibility to:
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