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MSM targets multi-billion dollar investment in cement, rivals Dangote, Lafarge, Bua, others

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… eyes Geregu Power Plant in Energy Push

Nigerian conglomerate MSM Group is ramping up its footprint in the country’s critical industrial sectors, unveiling multi-billion dollar investments in the cement industry as part of an ambitious expansion strategy.

The move is designed to position the company as a formidable competitor to established industry giants such as Dangote, Lafarge, BUA, and Mangal Cement. MSM Group’s latest investments signal a broader strategy to cement its status as a key player not only in Nigeria but across Africa’s energy and construction sectors.

In addition to its focus on cement, the company is pursuing strategic initiatives aimed at reshaping its role within the continent’s rapidly evolving industrial landscape. According to industry analysts, the group’s expansion could significantly alter the competitive dynamics of both the energy and construction markets in the region.

In a major move to strengthen its footprint in the cement industry, MSM Group recently signed a $2.4 billion agreement with the Kebbi State Government for the development of a three-million-metric-ton-per-annum cement plant. The project, which is expected to generate over 45,000 direct and indirect jobs, marks one of the largest industrial commitments in the region in recent years.

The formal signing ceremony was held in Abuja, attended by top officials from both the Kebbi State and Federal Governments, as well as key executives from MSM Group. The project aligns with Nigeria’s broader industrialisation drive and is set to stimulate economic activity in northern Nigeria.

Chairman of MSM Group, Alhaji Muazzam Mairawani, has outlined the company’s ambitious expansion plans, revealing that the new cement plant will be developed in four phases. Each phase, or cluster, is expected to attract investment exceeding $600 million, marking a significant capital injection into Nigeria’s industrial economy.

“From now to production, our timeframe is a maximum of two years,” he said, adding that MSM plans to expand to other states after Kebbi.

As part of its cement expansion strategy, the company is also scouting greenfield opportunities in Edo and Gombe state, which will strengthen its bid to compete favourably with established industry giants such as Dangote Cement, BUA Cement, and Lafarge Africa.

MSM Group has rapidly evolved into a multi-sectoral conglomerate with interests spanning cement, oil and gas, agriculture, and infrastructure.

In a significant diversification move, MSM Group has entered the race to acquire the Geregu Power Plant, one of Nigeria’s most strategic power assets. This bid shows the company’s growing interest in the power and energy sector, as it seeks to capitalise on Nigeria’s ongoing power sector reforms and investor-friendly government policies.

At the helm of MSM Group’s aggressive expansion strategy is Chief Operating Officer Babatope Adedara, an internal audit expert previously with PNC Financial Services, and Chief Financial Officer Tosin Okojie, formerly CFO at Niche. Together, they are leading a company-wide recruitment drive to support the firm’s growing operations and fill a wave of new vacancies across its portfolio.

With these moves, MSM Group is not only reinforcing its presence in Nigeria’s industrial landscape but also positioning itself as a key player in Africa’s energy and manufacturing future.

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Pumpkin Property Introduces Nigeria’s First Starlink-Powered Housing Initiative

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Pumpkin Property, a fast-growing real estate development firm committed to creating modern, affordable, and sustainable housing solutions across Nigeria, has announced a groundbreaking initiative that integrates high-speed satellite internet into its housing projects, redefining modern living standards in the country.

Under this initiative, homebuyers in selected Pumpkin Property estates will receive Starlink hardware, professional installation, and three months of complimentary high-speed internet subscription upon purchasing a home.

The initiative will initially be available in Prime Living Estate and Prime View Estate located within Millennium City, Kaduna, as well as Pumpkin Homes located in Karsana, Abuja.

Pumpkin Property focuses on developing well-planned residential communities supported by essential infrastructure—including road networks, drainage systems, street lighting, and modern utilities—while embracing innovative technology that enhances residents’ quality of life.

To support the rollout of this initiative, Pumpkin Property has entered into a collaboration agreement with Konga Online Nigeria Limited for the supply, installation, and technical support of Starlink hardware and related connectivity products across Pumpkin housing projects and real estate developments in Nigeria.

In addition, Pumpkin Property has partnered with TD Africa, an authorized distributor of Starlink solutions in Africa. Through this partnership, Pumpkin Property will have direct access to the latest Starlink hardware, including Starlink kits and accessories, ensuring reliable deployment within its estates.

Starlink, the satellite internet constellation developed by SpaceX, delivers high-speed broadband connectivity through a network of low-Earth orbit satellites. The technology expands access to reliable internet in regions where traditional fibre or terrestrial infrastructure remains limited. As Elon Musk explained:

“Starlink is designed to provide high-speed, low-latency broadband internet to places where access has been unreliable, expensive, or completely unavailable.”

Speaking on the initiative, the CEO of Pumpkin Holdings Limited, Mr Oladeji Bamidele, emphasized the growing importance of digital infrastructure in modern housing developments.

“Connectivity has become as essential as electricity and water in modern communities. By integrating Starlink technology into our housing developments, we are ensuring that our homeowners enjoy reliable high-speed internet from the moment they move in. This initiative reflects our commitment to building future-ready communities across Nigeria.”

By integrating satellite connectivity into its housing projects, Pumpkin Property is positioning itself at the forefront of technology-enabled real estate development in Nigeria, setting a new benchmark for smart living communities.

Prospective homeowners and investors interested in the Starlink-powered homes at Prime Living Estate and Prime View Estate in Millennium City, Kaduna, and Pumpkin Homes in Karsana, Abuja, are encouraged to contact Pumpkin Property for further information on availability and purchase options.

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Safety First: Transcorp Hilton Abuja Stages Fire Drill

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Transcorp Hilton Abuja has conducted its first-quarter unannounced fire drill simulation as part of efforts to strengthen safety measures and emergency preparedness within the facility.

The exercise, which took place on 19th February 2026, was carried out in collaboration with the Federal Fire Service. The simulation forms part of the hotel’s structured safety programme aimed at ensuring a high level of emergency readiness and effective coordination with relevant authorities.

Management of the hotel said the initiative underscores its unwavering commitment to the safety and well-being of guests and team members.

“We successfully carried out our Q1 unannounced fire drill simulation with the support of the Nigeria Fire Service. This exercise forms part of our structured safety programme, designed to ensure a high level of emergency preparedness and effective coordination with relevant authorities,” the management stated.

The drill comes shortly after the hotel hosted its Valentine’s Day weekend promotion across its rooms and restaurants. The celebration, characterised by romance, entertainment and vibrant experiences, was warmly received by guests.

As preparations begin for the Holy Month of Ramadan, the management reassured guests of a safe, serene and memorable stay.

“We appreciate the understanding of our guests and apologise for any inconvenience the exercise may have caused,” the management added.

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NIA trains underwriters on NIIRA 2025, container insurance

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The Nigerian Insurers Association (NIA) has commenced a two-day training workshop for underwriters on the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

According to a statement from NIA, the training is focused on Sections 75 and 76, as well as the Compulsory Container Insurance scheme.

The workshop, which began on Thursday, is scheduled to end on Friday.

The News Agency of Nigeria (NAN) reports that no fewer than 40 underwriters involved in container insurance, were participating in the training held at the Insurers House, Victoria Island, Lagos.

At the opening of the workshop, Director-General of the NIA, Mrs Bola Odukale, said that insurance remained a critical pillar of national development and economic stability.

Odukale noted that a well-regulated and legally backed insurance industry, was essential for economic growth, investor confidence and the protection of the public.

She urged participants to engage actively in the sessions, adding that the training would strengthen professional capacity and improve effective implementation of compulsory insurance provisions for the overall benefit of the economy.

NAN reports that facilitators at the workshop include: Mrs Margaret Ogbonnah, Director at the Nigerian Shippers’ Council; Mr Soji Oni, Controller 1, Technical, NIA, Mr Owolabi Longe, Chief Executive Officer of Ironlink Communications, among others. 

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