{
  "id": 17706689,
  "title": "Solid minerals revenue hits N101bn in nine months",
  "url": "https://urgent.news/2026/11/02/solid-minerals-revenue-hits-n101bn-in-nine-months",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T00:08:51.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/solid-minerals-revenue-hits-n101bn-in-nine-months/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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:…",
  "key_points": [
    "Nigeria's solid minerals revenue surged 95.2% to N101.11 billion in first nine months of 2026.",
    "Higher mineral royalty payments accounted for 65.4% of total N101.11 billion collected.",
    "June 2026 revenue increased 243.7% from N4.75 billion in June 2025."
  ],
  "editors_take": "The massive surge in mineral royalty collections signals a successful pivot toward economic diversification as the nation reduces its long-standing reliance on crude oil revenue.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}