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| Nigerian Security Printing & Minting Company (NSPMC) 1234 Maple Lane, Anytown, USA 55555 |
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| Location/address: | Registered office at Plot 862, Area II New FCDA Secretariat Road Garki Abuja. Lagos Factory/office 26, Ahmadu Bello Way, Victoria Island Lagos. |
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| Activities: |
The primary objective of NSPMC is to supply to Government and various Ministries of Government and to Central Bank of Nigeria all security printed material including but not limited to bank notes and coins. Also the Company produces other lines to State Governments Establishments, Commercial Banks and other Institutions. The product line include Bank cheques and drafts, postal stamps, postal orders, treasury bills, passports examination papers, certificates, licenses, tickets, vouchers, diplomatic papers, customs and immigration documents. |
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| Historical Background: |
The Nigerian Security Printing and Minting Company Limited otherwise referred to as The MINT was established in 1963 as a limited liability company by the Federal Republic of Nigeria (represented by the Ministry of Finance Incorporated in partners with Thomas De la Rue of England as technical Partner. It has an authorized share capital of N1 billion divided into one billion shares of N1 each. | |
| Ownership: |
Federal Government of Nigeria Federal Ministry of Finance 55% 550 million ordinary shares Central Bank of Nigeria CBN 20% 200 million shares Thomas De La Rue of England 25% 250 million shares |
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Future potential: |
There is a lot of potential in NSPMC as the only Security Printing and Minting Company in the country. The NSPMC operates at half its capacity with 63% utilization of its currency Unit and 67% utilization in the Security documents unit. With a Core Investor in place as the technical partner there will be remarkable difference in the output of the enterprise. |