INTRODUCTION (Cont'd) PETROLEUM PROFITS TAX (PPT) PPT is levied on the income of companies engaged in upstream petroleum operation. The rate is 85% for Joint Ventures and 50% for Production Sharing Contracts (PSC). EDUCATION TAX (ET) ET is levied on .

Understand the Mineral Industry Quickly Get Actionable Data Easily. The Latest Reports with Statistics Trends from Top Industry Sources.

Oct 16, 2018· The Federal Government on Tuesday said the solid minerals sector in the country is set to receive billion foreign investment. The Minister of State in the Ministry of Mines and Solid Minerals ...

The States Disaggregated Mining and Quarrying Data for 2017 reflected Nigeria produced 45,748, tons of solid minerals. Ogun State produced the highest .

financial statement analysis of manufacturing company in the solid mineral sector of nigeria barrick gold corporation and multiverse mining and exploration plc ; financing trends and expenditure patterns in nigerian universities ; public expenditures on education in nigeria.

Today the mining sector accounts for per cent of national employment, per cent of exports and about billion of Nigeria's Gross Domestic Product. Nigeria, no doubt, is endowed with vast reserves of solid minerals, including, but not limited to,...

Mar 22, 2018· He said in 2016, Nigeria mined million tonnes of solid minerals in which Ogun State alone produced tonnes, representing percent among the 36 States of the federation.

We intend to explore, mine and add value to solid minerals in Nigeria, on Earth, in the Universe and eventually all the Universes that may exist this is the origin of our name "MULTIVERSE" Core Values. To our Staff – To be the employer of choice in the Nigerian mining industry.

ment is repositioning Nigeria to regain her status as an exporter of solid minerals. This holds great opportunities for investors, government and the economy at large. Nigeria targets US7bn investment in mines, steel industry Source: National Bureau of Statistics (NBS) .

Oct 19, 2017· Nigeria plans to spend 15 billion naira (42 million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said.

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Minerals Market Research Reports Industry Analysis Minerals are solid, naturally occurring chemical substances with structures that are highly organized atomically. They also have very specific physical properties, and are formed through biogeochemical processes.

The industrial sector accounts for 6 per cent of economic activity while the manufacturing sector contributed only 4 per cent to GDP in 2011. The economic transformation agenda, otherwise known as Nigeria Vision 20: 2020, sets the direction for the current industrial policy in Nigeria.

It is common knowledge that Nigeria has over the years, majorly depended on crude oil to drive its economy; with the solid mineral industry being largely neglected. According to the Nigerian National Bureau of Statistics, the Mining and Quarrying sector accounted for % growth to the Real GDP of the country in the fourth quarter of 2014 ...

Taxation of Solid Mineral Mining in Nigeria