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Dangote Group is exploring industrial investments in Egypt as the conglomerate deepens its pan-African manufacturing footprint beyond a dozen countries.

Japan's industrial production rose 2.2% in September to 104.1, the first rise in three months, led by motor vehicles as plants recovered from August disruptions.

Billionaire industrialist Aliko Dangote told the 32nd Nigerian Economic Summit in Abuja on Monday, October 26, that companies should be able to buy foreign exchange through the market at prevailing rates rather than rely on direct Central Bank of Nigeria allocations, warning that naira cash alone does not solve machinery import needs.

Dangote Cement shares rose 10% to ₦1,222.10 on Monday, October 26, their second consecutive daily limit-up close after a similar jump on Friday, October 23, leading the Nigerian Exchange gainers table on volume of 5.68 million shares.

The development bank plans a major expansion of industrial finance, but capital, governance and bankable projects will determine success.

Nigeria’s flagship steel complex needs reliable power, inputs and financing before it can anchor industrialisation, analysts warn.

Fresh buying in banking and industrial counters lifted the bourse, with improved breadth suggesting the rally is broadening beyond a few stocks.

Nigerian equities ended the week higher, pushing market value past N160 trillion on banking and industrial gains, though currency risk remains.

Only 18 of about 60 indigenous companies identified in a study commissioned in 2022 met the qualification criteria, and implementation of the report has begun three years after it was submitted.

A bill sponsored by the Deputy Speaker and 12 lawmakers would create a National Drone Industrialisation Council, require a national drone policy within 12 months and offer duty concessions, research credits and accelerated capital allowances to local manufacturers.

The NGX All-Share Index added 0.26 per cent to 245,911.13 on October 20, but the industrial sector led while banks slipped, exposing a rotation inside a flat tape and a widening gap between the 58.03 per cent year-to-date return and a 2.11 per cent fall for the quarter.

The Omotosho project would compress and truck gas to industrial and transport customers beyond pipeline reach, moving from a Licence to Establish towards construction approval and offtake deals.

TotalEnergies and AMNI's Ima gas field will feed Nigeria LNG rather than domestic power, as executives warn that export economics keep outpacing gas-to-power and industrial demand.

Nigeria and other African countries renewed calls for local raw-material processing at the Second African Raw Materials Summit, as a bill requiring 30 per cent value addition returned to President Tinubu for assent.

Fertiliser has emerged as a top non-oil export earner alongside cocoa as Nigeria's industrial and agricultural shipments gain momentum in its diversification drive.

Silver rose above $57 an ounce and copper advanced on October 19 as the dollar softened, extending a mixed but constructive start to the week for industrial and precious metals.

The country ships raw ore while importing processed products, ceding the industrial and jobs gains that processing would create, industry observers warn.

The Nigerian Exchange closed higher on Wednesday as late buying in banking and selected industrial counters lifted market value by N103.90 billion, ending two sessions of declines.

The Nigeria Labour Congress has given the federal government two weeks to address petrol prices and the minimum wage, warning of industrial action.