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FEC Approves N853m Contract for Ajaokuta Steel Concessioning

The Federal Executive Council (FEC) has approved a contract that will ensure the revitalisation and operation of the Ajaokuta Steel Company and the National Iron Ore...

FG Assures of Technical Audit, Funding of NIOMCO Itakpe

The Federal Government has assured that the National Iron Ore Mining Company (NIOMCO), Itakpe will simultaneously receive technical audit and funding alongside the...

Russian Govt to Carry Out Technical Audit on Ajaokuta Steel Complex

Resuscitation of the Ajaokuta Steel Company and the National Iron Ore Mining Company (NIOMCO) projects will gulp about $1.45 billion The Minister of Mines and Steel...

FG’ll Overcome Hurdles Jeopardizing Ajaokuta’s Revival – Minister

The Federal Government has said that it is putting mechanism in place that would help overcome all hurdles that may arise to jeopardize the process of revitalizing...

Ajaokuta Steel: Gov Bello, Arc Olamilekan, Engr Oga Visit NIOMCO, Itakpe

Kogi State Governor, Yahaya Bello, Minister of Mine and Steel Development, Arc Olamilekan Adegbite and Minister for state, Engr Uchechukwu Oga paid a working visit to...

Govt Reactivates Ajaokuta Thermal Power Plant, Plans Connection to National Grid

The Federal Government has given lifeline to Ajaokuta Steel Company Limited (ASCL) by reactivating its thermal power plant, which was shut down for years. The plant will...

Ajaokuta: Reps Order Buhari To Stop Concession

The House of Representatives yesterday advised President Muhammadu Buhari to stop Mines and Steel Development Minister, Dr Kayode Fayemi, from concession moves of...

FG Shops for New Investors for Ajaokuta Steel, Itakpe Mining Companies

Following the resolution of the 8-year-long litigations surrounding the Ajaokuta Steel Company Limited and National Iron Ore Mining, Itakpe, the Federal Government has...

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...

Adoke, Obasanjo, Fayemi Allegedly Involved in Ajaokuta, Itakpe Scandal

Nigeria’s former president Olusegun Obasanjo, former Attorney General of the Federation, Mohammed Bello Adoke and current minister of Steel and Solid Mineral Kayode...