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Aluminum Smelter Company of Nigeria (ALSCON)

Revived aluminum firm for re-inauguration

President Muhammadu Buhari is to re-inaugurate the Aluminum Smelting Company of Nigeria (ALSCON), Ikot Abasi, Akwa Ibom, to enable it to re-commence production.
Aluminum Smelter Company of Nigeria (ALSCON)

BPE: ALSCON set to recommence operations

The Bureau of Public Enterprises (BPE) at the weekend said the $3.2 billion Aluminium Smelting Company of Nigeria (ALSCON), located at Ikot Ibasi, Akwa Ibom State, was set to recommence operations as the hitherto existing gas supply challenge that rocked the establishment had been largely resolved by the bureau and other relevant stakeholders.
US Secretary of the Treasury Steven Mnuchin waits for an executive order signing event for the “White House Opportunity and Revitalization Council ” in the Roosevelt Room of the White House December 12, 2018 in Washington, DC. (Photo by Brendan Smialowski / AFP)

US hits Russian intelligence, troll farm with fresh sanctions

The US Treasury hit 15 members of Russia’s GRU military intelligence agency with sanctions Wednesday over their alleged roles in interference in the 2016 presidential election and hacking the World Anti-Doping Agency.

Russian oligarch Oleg Deripaska retreats under US sanctions

Russian billionaire Oleg Deripaska is loosening control of two of his companies that have been hit by US sanctions against Russia.

Dollar rises in Asia with Treasury yields, Japan exporters rally

The dollar extended gains against its main peers and most other currencies Tuesday as rising US bond yields fan speculation of a sharp rise in interest rates, while most of Asia's major markets edged up after recent losses.

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 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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Bisi Akande: Governor El-Rufai a beneficiary of godfatherism

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Andre Villas-Boas not interested in return to ‘chaotic’ Premier League

Villas-Boas arrived in England with Chelsea in 2011, having built a reputation as a promising coach with Academica and Porto, and went on to manage Tottenham after failing to impress at Stamford Bridge.