Deap Capital has announced a corporate rebranding to CMFC, signalling a strategic shift toward expanding its footprint in Nigeria’s mining and resource sector.

The company said the rebrand reflects a broader transformation plan aimed at repositioning its operations and aligning with emerging opportunities in solid minerals development.

According to the firm, the move is part of efforts to diversify its portfolio and contribute to reforms in the mining industry, which has attracted renewed investor interest in recent years.

Management noted that the new identity will support its long-term vision of becoming a key player in resource extraction, processing, and value-chain development.

Industry analysts say Nigeria’s mining sector is increasingly viewed as a viable alternative revenue source, especially as the country seeks to reduce dependence on oil revenues.

They add that reforms in licensing, investment incentives, and regulatory frameworks have helped improve investor confidence in the sector.

The company also hinted at plans to explore partnerships and investments aimed at modernising mining operations and improving efficiency.

Stakeholders believe the rebranding could signal increased private sector participation in driving growth within Nigeria’s solid minerals industry.