Business
Nigeria as Africa’s Minerals Hub
Nigeria strengthens its position as Africa’s minerals hub with lithium and gold plants for global green energy supply
Nigeria is positioning itself as Africa’s leading minerals hub through the establishment of lithium processing and gold refining plants, the Minister of Solid Minerals Development, Dr. Dele Alake, announced during a meeting with Saudi Arabia’s Minister of Industry and Mineral Resources, Mr. Ibrahim Al-Khorayef, ahead of the Future Minerals Forum in Riyadh.
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Dr. Alake revealed that a $600 million lithium processing plant in Nasarawa State is ready for commissioning, alongside an operational gold refining plant in Lagos and three additional gold refineries at various stages of development across the country.
The minister highlighted Nigeria’s value-addition policy, stressing that it is already yielding tangible results while supporting the country’s ambitions to become a critical global partner in minerals essential for the transition to green energy.
“We are keen on structuring agreements that will enable us to engage meaningfully and constructively,” Dr. Alake said, citing priority areas including capacity building, training of mining professionals, technology transfer, and exploration.
He emphasised Nigeria’s vast landmass is rich in critical minerals and rare earth elements required by the global economy.
Dr. Alake noted that mineral traceability, adherence to Environmental, Social and Governance (ESG) standards, and mine-pit remediation are essential for attracting investment.
Minister Al-Khorayef praised Nigeria’s long-standing partnership with Saudi Arabia and proposed a draft Memorandum of Understanding for solid minerals development to be presented during the forum.
He encouraged Nigeria to leverage the platform to showcase investment opportunities and adopt advanced mining technologies.
Also read: 2026 Appropriation Bill Vital for Lagos to Remain Africa’s Economic Hub – Obasa
The ministers agreed that collaboration based on fairness, equity, and mutual benefit would accelerate industrialisation in Nigeria’s mining sector while attracting foreign investors to support sustainable growth.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
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