Nigeria Just Signed Its Largest Mining Deal Ever. Here Is What Foreign Investors Need to Know.
By I-STRATA Editorial, iMedia
The $1.3 billion alumina refinery agreement between Nigeria and the Africa Finance Corporation marks the biggest private investment in the country's mining history. We break down what it means, what opportunities it creates, and the risks that remain.
Nigeria just signed the largest private investment deal in its mining sector's history. On March 1, 2026, the Federal Government and the Africa Finance Corporation (AFC) formalised a $1.3 billion agreement to build an alumina refinery, launch a nationwide geoscience mapping programme, and create a joint investment vehicle to develop the country's mineral assets. For foreign investors who have been watching Nigeria's oil-dependent economy from the sidelines, this deal changes the calculus. Wha...
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