Let's Scout Africa together And Uncover The True Beauty Of Africa

Where To Buy Gold In Nigeria

Where To Buy Gold In Nigeria

Where To Buy Gold In Nigeria ? You can purchase Gold in this various place’s in Nigeria or many nearby area’s in Nigeria or you can also purchase Gold both online and offline in Nigeria such as Gold Exchanges: Online Marketplaces: Jewelry Stores: Gold Dealers etc….

What is meant by Gold ?

Gold is a valuable metal and chemical element that is highly prized for its scarcity, aesthetic appeal, and myriad useful applications. The chemical symbol Au, which comes from the Latin word “aurum,” and the atomic number 79 serve as its symbols.

Gold has been appreciated for its intrinsic value throughout human history and has been used as jewelry, money, and a sign of wealth and prestige. It is renowned for its distinguishing yellow color, great brilliance, and corrosion resistance. Gold is employed in many industrial and technological applications and is also a great conductor of electricity. Gold is regarded as 24-karat gold in its purest form, although it is frequently alloyed with other metals like copper or silver to increase its durability and change its hue. Jewelry is made from a variety of gold alloys, the most common being 18 karat gold (75% gold), 14 karat gold (58.3% gold), and 10 karat gold (41.7% gold).

Benefit of God in Nigeria ?

In Nigeria, gold has various advantages for both people and the economy as a whole.

  • Investing and wealth preservation: Gold acts as both an inflation and economic uncertainty hedge as well as a store of value. It may be a desirable investment choice for people and organizations looking to protect and increase their wealth. In Nigeria, gold jewelry is a common way to express one’s culture and personal style.
  • Help for Small-Scale Mining: Small-scale and artisanal gold miners are widely spread throughout Nigeria. Backing this industry through appropriate legislation, education, and financial access can strengthen local communities and promote sustainable development. At the local level, it can encourage social and economic empowerment.
  • Nigeria’s ability to export gold can result in foreign exchange earnings. When gold is mined and exported ethically, it can help keep the national currency stable and add to the nation’s foreign exchange reserves. Exports of gold can increase Nigeria’s standing in the global market and improve its trade balance.
  • Natural resource diversification: Although Nigeria is recognized for its oil and gas industry, the availability of gold presents a chance to diversify the nation’s natural resource base. Growing the gold industry can lessen reliance on oil and help create a more stable and balanced economy.
  • Nigerians have employment prospects thanks to the gold mining industry and related activities. Miners, geologists, engineers, metallurgists, and numerous support employees can find work in this industry. In mining areas, it may lessen unemployment and aid in the fight against poverty.
  • Economic Contribution: Nigeria’s economy is boosted by the trade and gold mining industries. The creation of gold boosts the nation’s GDP, generates income, and creates employment possibilities (GDP). In areas with considerable gold deposits in particular, it can promote economic growth and development.

It is crucial to remember that gold mining and trading must be done ethically, in accordance with the law, ethical labor practices, and environmental norms. This provides environmental protection, sustainable development, and the protection of worker and community rights and well-being.

Where To Buy Gold In Nigeria ?

Mansur Gold and Diamond Jewelries’

Located in: Tejuosho Ultra-Modern Shopping Centre
Address: Second Floor S81, Tejousho Ultra Modern Market, S82 Ojuelegba Rd, Surulere 101211, Lagos, Nigeria
Areas served: Benin City and nearby areas
Hours:
Open ⋅ Closes 6 pm
Phone: +234 811 224 7799

Selling used gold and new gold and diamond and sliver in nigeria

Address: Block 1 shop, BlockA12 shop123, 2 Wuse Market Rd, Central area 904101, Abuja, Federal Capital Territory, Nigeria
Phone: +234 813 204 4434

Bruna Gold

Address: 72 Ojuelegba Rd, Yaba 101241, Lagos, Nigeria
Hours:
Open ⋅ Closes 6 pm
Phone: +234 802 869 2669

Auwal Gombe Gold Jewellry

Address: Block 5, Shop 49, Modern Market, Zone 5, Wuse, Abuja, FCT, Nigeria
Hours:
Open ⋅ Closes 6 pm
Phone: +234 803 314 5258

Goldy Metals Nigeria

Located in: Tejuosho Ultra-Modern Shopping Centre
Address: 123/124, First Floor, Tejuosho Ultra Modern Market, Ojuelegba Rd, Yaba 101212, Lagos, Nigeria
Hours:
Open 24 hours
Products and Services: instagram.com
Phone: +234 803 541 6214

Mandilax

Address: Shop S167, Spar Building, 2nd Floor Tejuosho Ultra-Modern Shopping Centre, Yaba, Lagos Yaba Local Government, 101211, Lagos, Nigeria
Hours:
Open ⋅ Closes 7 pm
Phone: +234 817 316 4100

Mustapha Gold

Address: Shop 24, Onitiri Plaza, Samuel Akanbi, Ojuelegba Rd, Yaba 100001, Lagos, Nigeria
Hours:
Open 24 hours

Rare Gems Jewelry Limited | Jewelry Store | Gold and Silver Trade Company in Lagos, Nigeria, Africa

Address: 3 Babatunde Anjous Street, Off Admiralty Way, Lekki Phase 1 105102, Lekki, Nigeria
Areas served: Abuja and nearby areas
Hours:
Open ⋅ Closes 5:30 pm
Phone: +234 803 358 3912

Kuburat goldsmith

Address: Shop 287,iponri shopping center,iponri,Surulere, 300001, Lagos, Nigeria
Areas served: Lagos
Hours:
Open ⋅ Closes 6 am Sat
Phone: +234 802 337 8635

Auwal Gold Jewelry

Address: Office 9 Popo Mini Plaza Yaba Tejuosho Market Yaba Market Lagos NG, 101212, Lagos, Nigeria
Hours:
Open ⋅ Closes 5 pm
Phone: +234 802 650 5737

Katanga Gold Jewelry Ltd

Address: Block A2, Shop 13 Wuse Market Rd, Amac 900281, Abuja, Federal Capital Territory, Nigeria
Hours:
Open ⋅ Closes 6 pm
Phone: +234 803 622 6461

Sman Gold

Address: 1 Awka Street, Woji 500001, Port Harcourt, Rivers, Nigeria
Hours:
Open ⋅ Closes 6 pm
Phone: +234 701 388 9411

Gold World Jewelries

Located in: DREAM CENTER IKORODU
Address: 33 Lagos Ikorodu Express Road, Ikorodu 104211, Ikorodu, Lagos, Nigeria
Hours:
Open ⋅ Closes 7 pm
Phone: +234 803 701 8341

Diamond And Gold International

Address: Off Breadfruit, Balogun, 3 Byron Lane, Lagos, Nigeria
Hours:
Open ⋅ Closes 6 pm
Phone: +234 806 279 9845

Pure Gold And Diamonds Store In Lagos: LuxuryJewelriesOnly

Address: Local government, 6, Oduko street, gig logistics, Alimosho 100275, Lagos, Nigeria
Hours:
Open ⋅ Closes 9 pm
Phone: +234 813 849 5576

Ingoliment Gold

Address: 5Q4W+C38, GRA 434106, Onitsha, Anambra, Nigeria
Hours:
Open ⋅ Closes 9 pm
Phone: +234 907 870 0315

Alayande modern gold smith and jewellers

Address: Jankara market oranyan ibadan 07066665795, 09053354895, Ibadan, Nigeria
Areas served: Ibadan
Hours:
Open ⋅ Closes 6 pm
Phone: +234 706 666 5795

Ajoke Gold Investment

Address: Shop No. 37, Idumota, John St, Lagos, Nigeria
Hours:
Open ⋅ Closes 6 pm
Phone: +234 809 201 3104

Gold and diamond jewelries

Address: Tejuosho Rd, Yaba 101241, Lagos, Nigeria
Hours:
Open ⋅ Closes 7:30 pm
· More hours
Phone: +234 703 920 9105

Golden store

Address: G96H+433, Yaba 101245, Lagos, Nigeria
Hours:
Closed ⋅ Opens 8 am Sat
Phone: +234 808 342 0765

Frequently Asked Question About Gold In Nigeria

Is there gold in Nigeria?
Nigeria does contain gold. There are sizable gold reserves in the nation, especially in the southwest and northwest.

In Nigeria, are there any limitations on gold ownership?
Owning gold is not specifically prohibited in Nigeria. Gold may be owned and possessed by both people and organizations as long as it was obtained legitimately and in accordance with all applicable legislation.

Can Nigerian citizens or businesses export gold?
Both people and businesses are permitted to export gold from Nigeria. There are rules and guidelines to follow, though. Exporters must get the required authorizations and licenses from the appropriate agencies, such as the Ministry of Mines and Steel Development and the Nigeria Customs Service.

What are Nigeria’s principal gold mining regions?
A: Some of Nigeria’s most productive gold-mining regions are in the states of Zamfara, Kebbi, Niger, Kaduna, Osun, and Kwara. Significant gold reserves are known to exist in certain areas, which draw mining operations.

How much gold is produced in Nigeria?
On a global scale, Nigeria produces very little gold. Although the precise volume of gold produced fluctuates from year to year, it is typically estimated to be between 1 and 2 metric tons annually.

Can gold mining help the economy of Nigeria?
A: Through creating employment opportunities, raising money through taxes and royalties, and luring foreign investment, gold mining has the potential to boost Nigeria’s economy. The country’s very low level of gold output, however, has limited the contribution. In order to increase the economic impact of the mining industry, especially gold mining, the Nigerian government has been working on programs to promote and expand the industry.

How much does gold cost right now in Nigeria?
A number of variables, including worldwide demand, supply, and market circumstances, affect the price of gold globally, including Nigeria. For the most recent gold prices in Nigeria, it is advised to check with neighborhood gold dealers, financial institutions, or online resources.

Are there rules governing the mining of gold in Nigeria?
A: In Nigeria, there exist laws that control the mining of gold. The principal piece of legislation that governs mining activities, including gold mining, in Nigeria is the 2007 Nigerian Minerals and Mining Act. The act stipulates rules for obtaining mining permits, safeguarding the environment, and including the community.

Can people or businesses mine gold in Nigeria?
A: Yes, both private citizens and businesses may mine gold in Nigeria. Subject to obtaining the required licenses and permits, the Nigerian government permits private people and businesses to engage in small-scale mining activities. Partnerships with the government or its agencies are typically necessary for large-scale mining operations.

Don’t miss out on current updates, kindly like us on Facebook Follow Us On Instagram &  Subscribe To Our Channel OR leave a comment below for further inquiries.