CMFC EYES MINING SECTOR OVERHAUL FOLLOWING NAME REBRAND

CMFC, formerly known as Deap Capital, has announced plans to drive a major overhaul of Nigeria’s mining sector following its recent rebranding.

The company said the name change reflects a renewed strategic focus on expanding its operations and strengthening its role in the solid minerals industry.

According to management, the firm aims to reposition itself as a key player in mining investment, resource development, and sectoral transformation.

It noted that Nigeria’s mining industry holds significant untapped potential, particularly in areas such as gold, lithium, and other critical minerals.

CMFC said its long-term plan includes attracting private capital, improving operational efficiency, and supporting sustainable mining practices.

Industry analysts say the move comes at a time when the government is intensifying efforts to diversify the economy away from oil dependency.

The company also emphasized the importance of regulatory cooperation and infrastructure development in unlocking the sector’s full value.

Stakeholders have described the rebranding as a signal of renewed investor interest in Nigeria’s mining space.