Business

Ajaokuta Steel Company

Nigeria imports N1t steel despite N7.2b Ajaokuta spend

The Federal Government spent about N7.21 billion on Ajaokuta Steel Company Limited between 2020 and 2025, despite the nearly 50-year-old steel complex in Kogi State remaining largely dormant. The expenditure…

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Nigerian manufacturers cut production as diesel prices surge above N2,000/litre

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