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Alake Urges British Investors to Explore Nigeria’s Mining Opportunities

Minister of Solid Minerals Development, Dr Dele Alake has urged British investors to explore opportunities in Nigeria’s mining sector.
Alake made the call when he received the British Deputy High Commissioner to Nigeria, Mr Jonny Baxter yesterday in his office in Abuja.
He stated that Nigeria welcomed the UK’s support for capacity building, technical assistance, and knowledge transfer across the country’s mining value chain.
He said that President Bola Tinubu has approved the establishment of the Nigeria Solid Minerals Corporation to transform the mining sector and lay the foundation for its sustainable development.
According to the minister, the initial set up of the new corporation will be driven by the Ministry of Finance Incorporation (MOFI), with the structure modeled after the Nigeria Liquefied Natural Gas (NLNG) model.
“The Solid Minerals Corporation will be an enduring legacy. No future government will be able to exert any political interference.
“The President has approved this, and we are looking at a 50 per cent equity stake for the private sector, 25 per cent for Nigerians, and 25 per cent for the Federal Government,” he said.
Alake disclosed that in 2025, government planned to create a more competitive and internationally recognised mining sector that would play a significant role in boosting Nigeria’s economic profile.
“We are focused on improving access to mining sites through the development of intermodal transport along the mining corridor, including roads, rail, and waterways.
“Others are Strengthening the regulatory framework, remediating abandoned mining pits for productive use, ensuring investor security and expanding exploration to generate geo-data to attract major players ,” he said.
The minister described 2025 as a pivotal year for President Tinubu’s administration, stating that the ongoing efforts to drive reforms across various sectors was already yielding results.
“We are encouraged by the support of our international partners for the difficult, but necessary reforms undertaken by this administration. We are already seeing positive trends in the economy, and prosperity is within reach,” he said.
On his part, Baxter commended the Federal Government’s move to model the new Solid Minerals Corporation after the NLNG, and reaffirmed the UK’s continued support in strengthening Nigeria’s regulatory framework.
He described Nigeria’s economic growth as crucial for global prosperity, while assuring Alake of the UK’s continued commitment to enhancing bilateral cooperation in the mining sector. NAN
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Dangote Refinery Effects Another Reduction on Petrol from N835 to N825

By David Torough, Abuja
The Dangote Petrol-chemicals Refinery has effected another reduction in the ex-gantry price of its Premium Motor Spirit also known as petrol below the publicly announced N835 per litre.Sources confirmed on Monday that the refinery has reduced its price to N825 per litre for its customers, through a rebate of N10 after successful loading of products at the refinery.
The sources said marketers are still paying N835 per litre for products but receive a N10 refund after loading and evacuating them from the refinery. The covert price adjustment has allowed its customers and marketers to retail the product at a lower band of N830 to N835, outpricing importing marketers and private depot owners.The official said, “The Dangote refinery has started giving a rebate on its products. It’s not an official reduction yet, but paid back after marketers buy products from them.”Last month, the Dangote refinery effected a price reduction twice within the space of a week, crashing its gantry price by N45 from N880 to N835 per litre.This followed the restart and full implementation of the Naira-for-Crude agreement with local refiners after an earlier suspension.Efforts to get an official reaction from Dangote Spokesperson, Anthony Chiejina, on the price reduction were futile.COVER
Blood – letting Continues in Benue Communities as Renewed Attacks Claim 30

From Attah Ede, Makurdi
No fewer than seven persons have been reportedly killed in two local government areas of Benue State by suspected armed herders.These incidents came on the heels of the killing of 23 persons at the weekend in Guma, Kwande and Ukum LGAs.Chairman of Buruku LGA Raymond Zege Aondoakura, confirmed these latest killings to newsmen on phone yesterday in Makurdi.
Aondoakura intimated that four young men and one little girl were murdered in an attack which occurred in the early hours of Monday with their bodies already deposited in the mortuary. Also, the chairman of Gwer West local government area, Victor Ormin Torsar said two persons were killed on Sunday.Already, he has directed that movement of people into and out of the geographical territory of Gwer West LGA should not exceed 6:30PM daily.This was contained in a statement by the Special Assistant Media and Publicity to the Chairman, Timothy Ajieje yesterday.According to the Statement, the directive takes immediate effect, averring that with the Executive directive, people coming into Gwer West LGA and those going out to other places are to do so within the stipulated time of 6:30PM.The Chairman said the restriction will be reviewed as the security situation improves.In the case of Buruku local government area, the attack occurred in Mbakundu Community in Mbaya Council Ward of Buruku of the Local Government area.The chairman said, “Yes they killed four young men and one little girl, so far five bodies have been discovered and deposited in the mortuary.An eyewitness, Gbakaan Kumzzy, who spoke to DAILY ASSET via a telephone call, recounted the harrowing ordeal, saying that the attackers stormed the community at exactly 12:00AM, shooting indiscriminately.Gbakaan confirmed that five lifeless bodies, including that of a minor, have already been discovered, while the search for more missing persons was still ongoing.He said, “As we speak, five bodies, including a little child, have been found. We are still searching for others who went missing during the attack.He also lamented the continued silence and negligence of government authorities in the face of unprovoked killings of defenseless Buruku people by armed herdsmen.”We are calling on the Benue State Governor, Rev. Fr. Hyacinth Alia, and the Buruku Council Chairman, Hon. Raymond Zege Aondoakura , to urgently intervene and avert further bloodshed”, Gbakaan pleaded passionately.All efforts to confirm the incident by the Police Public Relations’ Officer CSP Catherine Anene proved abortive as she refused to pick her calls or reply to text messages.Gunmen Abduct Immigration Personnel in Benue, Demand N20m RansomArmed men suspected to be kidnappers, have abducted an officer of the Nigeria Immigration Service(NIS) Benue State Command, identified as Simon Agbo at his residence in Makurdi, the state capital.A close relation of the victim, who disclosed this to DAILY ASSET on phone yesterday in Makurdi, said the officer was busy discussing with two of his direct neighbours on Sunday night at about 7:15PM before they came to kidnap him.He said the incident happened at the opposite NKST church Kuan, behind the modern market in Makurdi, after the kidnappers stormed the compound and took him away at gunpoint to an unknown destination.DAILY ASSET gathered that the kidnappers, who were well armed, first fired gunshots sporadically in the air to scare family members and neighbours of the victim before abducting him from his residence.It was further gathered that the victim was serving in Kwara State before he was redeployed to Benue command in February this year.Upon hearing of his abduction, youths in the whole community in collaboration with local vigilantes immediately launched a search throughout the night but the gunmen could not be caught.Younger brother of the victim, who simply identified himself as Agbo told DAILY ASSET that one of the victim’s neighbours have been apprehended in connection with kidnapping of the immigration officer, hence his role before the incident took place.According to him, the neighbour whom he refused to mention his name was consistently calling on the victim to come home or he should direct him to his location as at that time that they needed to see that fateful Sunday night by all means.”After persistent calls, that my brother should come home or if possible, describe his whereabouts, then, my brother came home and went straight to his neighbour’s compound.”While they were at the compound discussing, another of their neighbours came to join them and all of a sudden, the gunmen arrived at the compound and immediately went straight to the immigration officer, picking only him at gunpoint, leaving the remaining two people behind.”The neighbour’s action looks very suspicious and that is why we called for his arrest. He has been arrested and currently in police custody until our brother is released.”As I speak with you, the kidnappers have opened discussion with the family. They are demanding N20 million ransom for his release as at today”, he said.The Public Relations Officer of the Nigerian Immigration Service NIS could not be reached for comment as at the time of filing this report.Efforts to get confirmation from police were unsuccessful as the Benue State Command Police Public Relations Officer, Sewuese Anene, was yet to receive calls or respond to text messages sent to her cell phone.COVER
Nasarawa Gov, Others, Woo Dangote at Trade Fair

Nasarawa State Governor, Abdullahi Sule has urged Dangote Industries Limited to consider investing in more sectors of the State economy.The Governor, who spoke at the ongoing Nasarawa Trade Fair Exhibition said Nasarawa is home to solid mineral resources, adding that the strategic partnership between the duo will speed up Nigeria’s industrialization project.
Sule, who was represented by the Commissioner for Trade, Industry, and Investment, Hon. Muhammed Sani Otto, commended the Dangote Group for its outstanding performance at the Nasarawa Sugar Company Limited (NSCL).He expressed confidence that, given this success, the company would be a valuable partner in exploring additional investment opportunities within the state.In his remarks at the Dangote Special Day, Chairman of the Nigeria Association of Small-Scale Industrialists (NASSI), Nasarawa State Chapter, Nidan Sambo Manasseh, said the Trade Fair which was sponsored by the Dangote Group has been very impactful.The Chairman advised Dangote Group to scale up its investments in the State by considering other sectors.He added: “The Nasarawa Trade Fair Exhibition (NASTFE) is a vital catalyst for the State’s economic transformation. This strategic initiative by NASSI directly aligns with Governor Abdullahi Alhaji Sule’s vision to stimulate investment and unlock significant growth.”The Permanent Secretary, Ministry of Trade, Industry and Investment Hajiya Khadija Oshafu Nuhu said the state is strategically open for business, and that Dangote Group can be part of the compelling opportunities abound in the state.A statement from the Dangote Group’s Chief Branding and Communication Officer, Anthony Chiejina, said: “Nasarawa State is central to our overall investment in Nigeria. It is home to Dangote’s Nasarawa Sugar Company Limited (NSCL). The sugar project, when completed, will be one of the biggest sugar investments on the African continent.”The statement quoted the Senior Special Adviser to the Dangote Group’s President, Fatima Wali Abdurrahman, as saying that: “We are not taking this partnership for granted. Our Strategic Business Units (SBUs) are participating.According to her, some of the Strategic Business Units that are participating from the Dangote Group are: Dangote Fertilizer Limited (DFL), Dangote Peugeot Automobiles Nigeria Limited (DPAN), Dangote SinoTruck, Dangote Sugar Refinery, Dangote Salt (NASCON) and Dangote Cement Plc.