ShareShareTweetPin0 SharesTony Elumelu’s strategic acquisition in Seplat Energy Plc has delivered a remarkable return, with the billionaire investor gaining about N680 billion in dividends and value appreciation, just five months after completing a $500 million stake purchase in the company. Elumelu, through his investment vehicle, emerged as Seplat’s largest shareholder following the acquisition, a move…
ShareShareTweetPin0 SharesTeachers in Akwa Ibom State public schools joined their counterparts across the country on Tuesday to shut down schools, protesting the continued detention of more than forty students terrorists kidnapped from three schools in Oyo State a fortnight ago. While teachers in Akwa Ibom observed the strike through school closures, many of their colleagues…
Momentum is building around the long-awaited revival of the Aluminium Smelter Company of Nigeria (ALSCON). Following new diplomatic engagements, heightened government interest, and focused investor consultations, the 17-year industrial impasse may finally be nearing resolution. Please click link to read more
The Ilesha–Ife Schist Belt in Osun State has long been recognised as one of Nigeria’s most promising geological zones for gold. For decades, the region has attracted artisanal miners who, with nothing more than traditional tools, have demonstrated the undeniable presence of gold-bearing veins running through the terrain. Please click on the link for details
Nigeria stands at a point where industrial diversification has become more urgent than ever. Reviving ALSCON would stimulate downstream aluminium industries, cable manufacturing, automotive components, building materials, packaging, and trigger high-value job creation across the Niger Delta and beyond. It would also improve Nigeria’s non-oil export earnings and reposition the country within the global metals market.
A significant shift is underway in Nigeria’s solid minerals landscape, with Ekiti State emerging as a focal point. Long recognized for its intellectual capital and serene environment, the state is now attracting investors for a more tangible reason: scientifically verified deposits of bauxite, the primary ore for aluminum production. As Nigeria seeks to diversify its economy and reduce its reliance on imported raw materials, Ekiti’s emergence as a bauxite hub represents a compelling frontier for industrial investment.
The long and unfinished journey of the Aluminium Smelter Company of Nigeria (ALSCON) remains one of the most important industrial stories in the country’s recent history.
Amid rising global crude prices fueled by hostilities involving the US, Israel, and Iran, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Nigeria’s daily crude oil production rose significantly from 1.48 mbpd in February to 1.84 mbpd in March.
In 2022, the factory was inaugurated and presented as ready for operation. However, while the building and equipment were in place, the plant did not undergo the full technical commissioning required for industrial production.
“Beyond that marine transportation, I want commercial activities to be back here so that our fishermen can practise their trade. We have cold room facility, dry storage facility and fish drying facility so that that business can thrive. We have to make this place very conducive and lucrative,”
