Russia may give a new lease of life to Nigeria’s biggest steel plant after decades of inactivity, the West African nation’s mines minister said. Construction of Ajaokuta Steel Co. began in 1979 with assistance from the then-Soviet Union, but the facility never started production and has sucked up $8 billion of public money. Repeated attempts…

Human Rights activist, Chief Haruna Osike, has appealed to President Muhammadu Buhari not to allow the Ajaokuta Steel Company (ASC) in Kogi State to die, as government has committed huge resources to it.

Organised labour in Kogi State has vowed to resist any attempt by the federal government to concession or sell the moribund Ajaokuta Steel Company (ASC) in the state. The state chairman of Nigeria Labour Congress (NLC), Onuh Edoka, and the chairman of Nigeria Union of Mines Workers (NUMW), ASC chapter, MomohJimoh Salami, made the position…

President Muhammadu Buhari has rejected the Ajaokuta Steel Company Completion Fund Bill, which proposed the withdrawal of $1 billion...

A report the other day that a Japanese automaker, Suzuki, had set up a production plant in Ghana is welcome but a wakeup call to Nigeria...

“Oppressed people kill each other all the time. Angered by the misery of their lives, but cowed by the overt superior might...

There are indications that the current squabble between Nigeria’s executive and legislative arms of government over an ideal model for the solid minerals sector’s development....

The Senate has approved $1 billion (about N307 billion) to be spent from the Federal Government share of the Excess Crude Account on the completion of the Ajaokuta Steel Company. It equally sanctioned that all loans and grants relating to the project be accommodated. The resolution followed the passage of the Ajaokuta Steel Company Completion…

A report the other day that the Federal Government was ready to offer the Ajaokuta Steel Mill for sale to finance 2018 budget is curiously casual and contemptuous.

The Federal Government is ready to offer more of its assets for sale soon, under the ongoing privatisation programme aimed at raising more money to implement the country’s 2018 deficit-based budget.Just recently, the Nigerian Security Printing and Minting Company Limited Plc...

The Ajaokuta Steel Company and other international customers owe the power sector N12.2b, according to the 2018 first quarter report of the Nigerian Electricity Regulatory Corporation (NERC). NERC disclosed yesterday that in the period under review, invoices issued to foreign customers (CEB/SAKETE and NIGELEC) and special customer (Ajaokuta) stood at N12.2b, but payments were not…

Communities which own the land on which Ajaokuta Steel Company (ASCO) is built say the firm cannot take off unless their angry ancestor, egbunu akoko”, is pacified.