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FG Pledges to Partner Genuine Investors in Mining Sector



mining sector
  • FG Pledges to Partner Genuine Investors in Mining Sector

The federal government has reaffirmed its determination to ensure that the mining industry gets the right partnership it needed to be able contribute positively to the economy of the country.

Minister of State for Mines and Steel Development, Abubakar Bawa Bwari made the remark on Tuesday through the Deputy Director of Press, Ministry of Mines and Steel Development, Mrs. Rhoda Iliya.

According to the statement, the minister, during a meeting in his office with a delegation of Chinese investors from the East – China Metallurgical Institute of Geology and Exploration, led by the Director of the Institute, Mr. Liu Ling Sheng in Abuja, noted that a lot of proposals had been received from foreign investors interested in collaborating with the ministry on exploration and beneficiation in the mining sector.

The Ministry, he added, intends to partner genuine investors that can justify their interest in terms of competency, years of experience, availability of modern equipment, records of achievements and ability to provide jobs and capacity building to Nigerians in the mining sector.

Bwari told the visiting Chinese delegation who expressed interest in investing in the mining sector to submit their proposals to a technical committee to be established by the ministry to determine areas of interest and benefits to the two parties.

It said, earlier, a member of the delegation, Mr. Paul Ogbe Kaizer made a presentation on the profile of the Institute. The business scope of the Institute includes rock and mineral testing, risk assessment of geological disasters, solid mineral exploration hydrogeology, engineering geology, environmental geology investigation, geology drilling, geophysical and geochemical exploration, surveying and mapping, among others.

Kaizer stated that the Institute has modern and advanced mining equipment, records of achievements in lead and zinc, copper iron deposits, manganese and has won over forty awards in several regions in China in mining.

He added that the company has presence in Nigeria and has worked in Kogi, Kebbi and Nasarawa States mining coal, Lead and Zinc and Manganese. Adding that, the company is interested in collaborating with the Ministry in the area of mining and provision of jobs and capacity building to Nigerians in the mining sector.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm




Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

JR Firms, an agribusiness firm with headquarters in Nigeria, has announced partnership with Sanit Wing Rwanda through the acquisition of 11 per cent stake in the company.

The CEO of the company, Mr Rotimi Olawale, explained in a statement that the partnership was in furtherance of its goals to ensure food security, create decent jobs and raise the next generation of agrarian leaders in Africa.

The stake was acquired through Green Agribusiness Fund, an initiative of JR Farms designed to invest in youth-led agribusinesses across Africa.

Sanit Wing Rwanda is an agro-processing company that processes avocado oil and cosmetics that are natural, quality, affordable, reliable and viable.

The vision of the company is to become the leading producers of best quality avocado and avocado by-products in Africa by creating value across the avocado value chain.

With focus on bringing together over 20,000 professional Avocado farmers on board and planting of three million avocado trees by 2025 through contract farming, the company currently works with One Acre Fund in supply of avocado to its processing facility.

The products of the company which include avocado oil, skin care (SANTAVO), hair cream and soap are being sold locally and exported to regional market in Kenya.

With the new partnership with JR Farms- the products of the company will enjoy more access to markets focusing on Africa and the European Union by leveraging on partnerships and trade windows available.

Aside funding, the partnership comes with project support in areas of market exposure, capacity building, exposure and other thematic support to grow the business over the next four years.

JR Farms has agribusiness operations in Nigeria, Rwanda, United States and Zambia respectively.

In Nigeria, the company deals in cassava value chain processing cassava to national staple “garri” which is consumed by over 80 million Nigerians on daily basis, while in Rwanda, it works in the coffee value chain with over 4,000 coffee farmers spread across the East Central African country.

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