Solid minerals revenue hits N101bn in nine months
Nigeria’s solid minerals revenue rose by 95.2 per cent to N101.11bn in the first nine months of 2026, compared with N51.79bn recorded in the corresponding period of 2025, as increased mineral royalty payments boosted government receipts from the sector. Data from the Central Bank of Nigeria’s solid minerals revenue collection report, analysed on Sunday, showed Read More:…
Nigeria's solid minerals revenue surged by 95.2% to N101.11 billion in the first nine months of 2026, compared to N51.79 billion in the same period last year. The increase was driven by higher mineral royalty payments, which accounted for 65.4% of the total N101.11 billion collected. The Central Bank of Nigeria's revenue report showed that June 2026 generated N16.31 billion, a staggering 243.7% increase from N4.75 billion in June 2025.
The revenue, collected in the country's special account, indicated a more than tripling of sector earnings year-on-year, reflecting efforts to diversify Nigeria's economy away from crude oil dependence.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
