The federal government of Nigeria has set aside over four billion naira for the resuscitation of the Ajaokuta Steel Company. The total sum of N4, 272,797,371 is contained in the 2017 appropriation budget which was presented to the National Assembly in December by President...

Global Steel Holdings Limited may have abandoned the arbitration process that it instituted at the Court of International Arbitration, London to reclaim the Ajaokuta Steel Complex from which it was sacked by the Federal Government. The Director-General, Bureau of Public Enterprises, Dr. Vincent Akpotaire, and...