Tag: , , , ,

Ajaokuta Steel May Not Work Anytime Soon – Minister

Minister of Solid Minerals, Mines and Steel, Dr. Kayode Fayemi has explained that Ajaokuta Iron and Steel Company situated in Kogi State, North Central Nigeria, may not...

Ajaokuta Belongs to Nigerian Govt. Despite Concession Dispute – Official

The Federal Government of Nigeria on Wednesday said the Ajaokuta Steel Company, ASC, and the National Iron Ore Mining Company Limited, NIOMCO, Itakpe, belonged to it...

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...

Ajaokuta Steel: Asset Negotiation With FG Still Ongoing – GSHL

Management of Global Steel Holdings Limited (GSHL) has debunked claims by the Minister of Mines and Steel Development, Dr. Kayode Fayemi that ownership of Ajaokuta Steel...

Over $4.5b Investment in Ajaokuta Steel Will Be Recovered – DG

Ajaokuta Steel Company Director-General Sumaila Abdul-Akba has said the over $4.5 billion investment in the company would be recovered as efforts are being made to...

FG Getting Ready for Ajaokuta Second Concession

The Federal Government is getting ready for the second concession of the Ajaokuta Steel Company. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, stated...

Nigeria Finally Retakes Ownership of Ajaokuta Steel, Itakpe Mining Companies – Fayemi

Nigeria has recovered ownership of Ajaokuta Steel Company, ASC, and National Iron Ore Mining Company Limited, NIOMCO, Itakpe, following the resolution of a protracted...

Concerns Over Modified Concessioning Of Itakpe Steel

…..the federal government beats its chest over some milestones it recorded with the modified concessioning agreement with India-owned Global Infrastructure Nigeria...

Itakpe-Ajaokuta-Warri Rail Line Ready in December – Fayemi

The Itakpe-Ajaokuta-Warri rail line currently under construction will be ready by December, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said....

Nigeria Will Save $3.5bn Annually if Ajaokuta Steel is Revived – Fayemi

If Nigeria is able to bring back the Ajaokuta S teel Industry, the country will be saving at least $3.5 billion spent on importation of steel products, annually, so said...