Nigeria and the United States have signed an agreement intended to increase investment in Nigeria's mining industry, according to thecable.ng. The deal was reported on Thursday, September 24, 2026, with Channels Television, Punch and Legit.ng also carrying news of the pact.
The agreement is aimed at deepening US investment in Nigerian mining, thecable.ng reports. Business Insider Africa described the move as Nigeria opening its mining industry, which it valued at $700 billion, to American investors, framing it as part of a wider US push on African minerals.
Coverage of the deal appeared across several Nigerian outlets, including a Hausa-language report by Legit.ng. The reports focused on the investment angle of the agreement rather than its specific terms.
The signing fits into a broader pattern of US interest in Africa's mineral resources, as suggested by Business Insider Africa's description of Washington expanding its mineral push on the continent. Nigeria, for its part, has been seeking to draw foreign capital into a mining sector that has long been overshadowed by oil and gas.
Details of the agreement, including its scope and any implementation timeline, were not available in the reporting summarized here.
What to watch next: whether both governments release the full terms of the pact and how soon US investment commitments in Nigerian mining follow.
