The bomb was said to be planted inside a farm in the village.
Many of the injured are receiving treatment at Government health facility in Malumfashi.
The police public relations officer in the state, Mr Gambo Isah confirmed the incident, adding that many children were also among the injured.
Five of the children killed belonged to one Alhaji Adamu of Yammama village in Malumfashi local government area.
The children had gone to the farm to do farm work when the incident occurred.
Investigations are currently on going to unravel who is behind the dastardly act.