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Ajaokuta Steel Settlement: Nigeria Release $250m as First Tranche to GSHL

The Federal Government of Nigeria has released $250m to Global Steel Holding Limited (GSHL) as part of first tranche of the $496m agreed upon by both parties over the...

FG Agrees to Pay $496m Settlement Claims on Ajaokuta Steel

The federal government yesterday disclosed that it had agreed to pay $496 million to settle a multi-billion dollar claim from Global Steel Holdings Limited following the...

Ajaokuta Steel Investor Debunks Minister’s Dispute Resolution Claim

A director of Global Steel Holdings Limited (GSHL), Dr. S. O. Nwanbuokei, an engineer, has debunked a claim by Minister of Mines and Steel Development Dr Kayode Fayemi...

Cautious Optimism by Stakeholders as Ajaokuta Steel Company ‘Returns’

The environment was serene. Tall grasses were everywhere. A few security men were inside the bushy compound, staving off incursion of children and hunters alike, who had...

Ajaokuta: FG Advised To Be Cautious On New Concession Deal

The Federal Government has been advised to thread with caution over the recent concession it reached with Global Steel Holdings Limited (GSHL) of India, to set the pace...

Ajaokuta: We Are Not Part of NIOMCO’s Concession – DG BPE

… concession of NIOMCO is illegal – Dr Muhammed The Bureau of Public Enterprises, BPE, said it did not participate in the process leading to the recent...

Ajaokuta: Reps Question Govt’s 500m Euro Bill in NIOMCO’s Agreement

The House of Representatives Committee on Privatisation and Commercialisation sub-committee on Steel  is to meet with the Minister for  Solid Mineral Development, Dr....

Opinion: Ajaokuta, Hope Renewed?

•We must get it right this time if we are truly desirous of industrialising Thirty-seven years after its establishment, and eight years after a rather acrimonious...

Itakpe: Don’t Concession NIOMCO To GHSL, Group Urges Buhari

A group, Concerned Delta Indigenes Forum, CDIF, has appealed to the President Muhammadu Buhari-led Federal Government to jettison the proposed concessioning of the...