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Guide · Wigmore Trading

Buy Gold from Nigeria: Where It Is Mined, Who Can Legally Sell It, and How to Buy Safely

Commodities, Agriculture & Raw Materials Trade By wigmoretrading March 6, 2025
Buy Gold from Nigeria: Where It Is Mined, Who Can Legally Sell It, and How to Buy Safely

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Minerals · Gold

Buying gold from Nigeria: what is real, what is legal

Updated October 2026Reading time 6 minBy Wigmore Trading
Licensed sources onlyIndependent assay

Nigeria has real gold, but very little of it is sold the way online offers suggest. Industrial production comes from one mine. Most of the rest is dug by artisanal miners across the north-west and south-west and sold through licensed buying centres. If someone offers you “Nigerian gold bars” below the world price, you are almost certainly being set up.

1industrial gold mine: Segilola, Osun State
91,910 ozSegilola’s output in 2025
6+states with artisanal gold
PermitMineral Export Permit for every export

Where Nigeria’s gold comes from

Source Where How it is sold
Industrial mine Segilola, Osun State (Thor Explorations) Refined and sold by the operator; not available to traders
Artisanal and small-scale mining Zamfara, Kebbi, Niger, Kaduna, Osun, Kwara, Kogi Through licensed mineral buying centres and, increasingly, government aggregation schemes
Licensed traders Holders of a Licence to Purchase and Possess Minerals Doré or dust, with royalty receipts and export permits

What you can actually buy

Most legal Nigerian gold leaves as doré (unrefined bars) or gold dust for refining abroad, priced at a discount to the LBMA price that reflects purity, refining and risk. Refined, hallmarked bars are usually bought from international refiners instead.

How to buy it legallyBuy only from a holder of a mining lease or a Licence to Purchase and Possess Minerals, with royalty receipts, a mines inspection report and a Mineral Export Permit. Never pay upfront “loading” or “certificate” fees. The full checklist is on our minerals hub.
The classic Nigerian gold scam

A low price, a “diplomatic” shipment, and a request for money for insurance, tax or a certificate before you see the gold. Real deals start with KYC on both sides, an independent assay and payment against documents. Read our anti-fraud guide.

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FAQs

Questions buyers ask us

Is there gold in Nigeria?
Yes. Segilola in Osun State is the only operating industrial gold mine, producing 91,910 ounces in 2025, and there is widespread artisanal mining in the north-west and south-west.
Can foreigners buy gold in Nigeria?
Through licensed Nigerian traders with export permits. Mining and mineral buying licences are only issued to Nigerians or Nigerian-registered companies.
Why is Nigerian gold offered below the world price?
Genuine doré trades at a modest discount for refining and risk. Offers far below the world price are almost always scams.

Need gold?

Tell us the grade and volume. We verify the source before we quote.

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