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Salt Refinery: Namibia Issues License, Land To Nigerian Investors

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The Namibian government has issued a mining license and allocated a piece of land that will enable Nigerian investors to establish a salt refinery in that country.
Its High Commissioner to Nigeria, Dr Peingeondjabi Shipoh, told newsmen in Abuja on Monday that the Namibian government allocated the piece of land to the Nigerian investors in August.
The high commissioner, who said the land was located in the country’s Erongo region, near the Henties Bay, added that the Namibian government’s approval was a testimony to its readiness to address all challenges before the investors.
“The government of Namibia has granted license because it is mining and it is manufacturing.
“The land has to be in the proximity of the ocean and it looks like that land that has been offered, you have to cross someone else’s land before you get to it.
“And therefore there should be some negotiations in order to lay pipes to take water into the plant.
“The people involved would like to visit Namibia to go iron out these things.
“I was informed about the problem before I came here (to Nigeria) and I tried my best to resolve it and we are about to resolve that problem of land access so that the plant can go up.
“Investment resource is not an issue; that has been secured; license from the government has been issued.
“So, it’s to find a date to start but the mission has got no control over those issues, it’s to only facilitate if we are told where the issues are.“
The envoy also said that plans for the setting up of a Nigeria-Namibia oil refinery in that country were on.
Shipoh, who said that the project would be private-sector driven, called on investors in the country to take advantage of the opportunities made available by the governments of both countries.
The high commissioner said that “friendly investment opportunities“ existed in the mining, agriculture, energy, fishery, and tourism sectors.
He said that the signing of 11 agreements by presidents of both countries in March had created opportunities for investors in both countries to take advantage of.
He, however, said that the interest shown by investors since the signing of the agreements had been low pointing out that the value of trade between the two countries was not up to one million dollars.
The envoy said, “these agreements are there and we need to make sure that the players are correctly advised so that all stumbling blocks on both sides, if any, are removed.
“Certain factors could constitute problems which we would like to know.
“If maybe the problem is not in Nigeria but in Namibia or maybe the import barrier is on the Nigerian side, which we need to be informed about, we can talk to our counterparts here to resolve such problems.
“If maybe there are export barriers in Namibia, which we need to look at and advise our people at home, we have a Nigeria-Namibia Chamber of Commerce, which has got an office in the Sheraton Hotel.
“It’s another avenue for business people, who might be subscribing to that chamber of commerce to visit that office and get the information they would need.
“We have made a lot of information available to that office, but we have got people coming to Nigeria and when that happens, we will inform businesspeople, who are interested.
“We would like to see more; we have made inroads, but we would like to see the trade volumes increase.“
Speaking on the outbreak of the Ebola Virus, the envoy urged African countries to work more closely in the area of research.
“Let’s now work together and research so we can develop our own cure. If you look at ZMapp, it is from tobacco; let’s see what we can do to support countries that have tobacco.
“If there are researches that are being started, other African countries should contribute to such so we can finalise the work that has been started by others and expand the virology laboratories where they exist.“
On his country’s forthcoming elections on Nov. 28, the envoy said efforts had been made to ensure that Namibians living in or passing through Nigeria voted.
“Namibians in the Diaspora will be given the opportunity to cast their votes on Nov. 14; so they are invited to come to the mission and vote. The voting will be a one-day affair.
“Although it will not be easy for our citizens both outside Nigeria and even in states within Nigeria to come over and vote due to the cost implication, we would still like to encourage them to come and cast their votes.
He said that the high commission had a record of eight Namibians living in Nigeria and that all of them had so far been registered to vote.
He added that 3,441 Namibians living in the Diaspora had been registered to vote.

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FG Begins South-West Tour To Promote New Cooperative Bank

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The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
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Customs Impound N2.35bn Cocaine, 15 Trailers of Rice

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The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, Ikeja, has impound Cocaine Substance valued at ?2.35 billion alongside 15 trailer-loads of foreign rice and a wide range of contraband across the South-West.
This was disclosed to Newsmen during a press briefing in Lagos by Controller of the Unit, Comptroller Gambo Aliyu,
Aliyu revealed that the seizures were made over an eight-week period, underscoring intensified enforcement efforts.
According to him, operatives foiled 473 smuggling attempts within the period, leading to the confiscation of 8,794 bags of 50kg foreign rice, 22 used vehicles, 328 bales of used clothing, and 31,705 litres of Premium Motor Spirit (PMS).
He said other seized items include a Mercedes-Benz vehicle and various food products such as poultry, vegetable oil, spaghetti, and sugar.
Aliyu clarified that the rice displayed at the briefing represented cumulative interceptions made at different locations and times across the zone.
“All the rice you see here are accumulative of seizures carried out at different places, at different times, and through different interdictions,”
Beyond the economic implications, the Comptroller emphasized the social cost of drug trafficking, warning that narcotics continue to destroy families and fuel criminal activities.
“It may surprise you to know that many homes are broken due to drugs.
” Our mandate is to cut off the supply chain, and that is exactly what we are doing,”.
Similarly Customs operatives at the Gbaji outpost intercepted a 71 year-old suspect along the Lagos-Abidjan corridor with 6.35kg of cocaine concealed in a Toyota Highlander.
The drugs, comprising both powdered and crystalline forms, were valued at ?2.35 billion.
Under a special enforcement drive, codenamed “Operation Hawk,” the unit also seized 3,340 parcels of synthetic cannabis, popularly known as “Ghanaian loud,” weighing 1,540kg.
 The substances, along with three suspects, have been handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and prosecution.
In a related operation, officers intercepted four cylinders of mercury hidden in a vehicle along the same corridor. Aliyu described the substance as hazardous and subject to international regulation.
Overall, the Duty Paid Value (DPV) of the seizures stands at approximately ?5.5 billion, reflecting the scale of enforcement activities.
 Additionally, the unit recovered ?97.7 million through Demand Notices issued on under-declared consignments.
Aliyu reaffirmed the Service’s commitment to deploying modern technology—including geospatial intelligence, drone surveillance, and real-time tracking—to strengthen border security and clamp down on smuggling networks.
CHINEDU WOSU
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Dangote,  Nicolai Tangen To Partner In strategic sectors

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Chief Executive Officer of Norges Bank Investment Management, Nicolai Tangen ( manager of the world’s largest sovereign wealth fund) has expressed interest in partnering with Dangote Group to expand investments across Africa, particularly in strategic sectors such as power, energy, renewable energy, agriculture, fertiliser and cement.
This was made known during a meeting of Chief Executive of Dangote Group, Aliko Dangote  with Nicolai Tangen, the manager of Norwegian investment institution (with assets estimated at about $1.9 trillion) .
Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.
The engagement reflects growing international investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation across the continent.
Industry observers say the proposed collaboration could create significant opportunities for investments in critical sectors linked to energy transition, food security, industrialisation and infrastructure development.
The Norwegian sovereign wealth fund, regarded as one of the world’s leading institutional investors, has in recent years increased its focus on emerging markets, with Africa seen as a major frontier for long-term investment and value creation.
Analysts believe a partnership between Norges Bank Investment Management and Dangote Group could unlock substantial capital flows into infrastructure and industrial projects across Africa, helping to accelerate economic growth and regional integration.
Nkpemenyie Mcdominic, Lagos
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