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Aluminium Smelter Company of Nigeria

ALSCON: Federal govt signs renewed share purchase agreement with UC Rusal

The Federal Government has given official recognition to Messrs UC Rusal, a Russian Company, as the core investor of the Aluminium Smelter Company of Nigeria (ALSCON), Ikot Abasi, Akwa Ibom State, following the signing of the Renewed Share Purchase Agreement between Government and the Russian company in Abuja, on Friday.

SERAP wants investigation of privatised enterprises

The organisation urged Mr. Buhari to “reform the Bureau of Public Enterprise (BPE) to remove opportunities for corruption in privatisation process, and to instruct the EFCC and ICPC to ensure the recovery of proceeds of corruption.

FCT court insists on Supreme Court ruling on ALSCON

The High Court of the Federal Capital Territory, Maitama says enforcing the Supreme Court order of July 6, 2012 remains the most viable option to resolve the lingering crisis over the sale of the Aluminium Smelter Company of Nigeria, ALSCON, Ikot Abasi.

Fed govt approves privatisation of Afam Power plants

Nigeria’s National Council on Privatisation (NCP) has approved the commencement of the privatisation of Afam Power plants 1 to 5 in Rivers state.

Fed govt revokes Lagos trade fair complex concession

The National Council on Privatisation, which is chaired by Vice President Yemi Osinbajo, has approved the immediate revocation of the concession of the Lagos International Trade Fair Complex.

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American based company set to invest over $10 billion in coastal rail line

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DHQ: Troops kill 35 militia herdsmen in Benue, Taraba, others

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