The Ajaokuta Steel Company is facing disconnection due to a significant debt. The company owes N5.46bn, which has led to concerns about its financial stability.
An editorial suggests that privatising the company could be a solution to its financial woes. The goal of privatisation would be to end the company's drain on the economy.
Further details on the reasons behind the proposed privatisation are available, including an editorial that outlines the potential benefits of this approach for the company and the economy as a whole.
Despite a narrative of corporate exodus, companies like Unilever, MTN, and Lafarge are increasing their investment in Nigeria, showing a different side to Read More: https://punchng.com/beyond-the-exodus-the-other-side-of-nigerias-investment-story/...
ABUJA — President of Dangote Industries Limited, Aliko Dangote, has said petrol is relatively cheaper in Nigeria than in neighbouring countries, a price difference he said has continued to encourage cross-border smuggling. Dangote spoke in an interview with Arise Television on Tu...
By Kingsley Omonobi The Nigeria Police Force (NPF) is set to host the sixth Conference and Retreat for Senior Police Officers (CARSPO 2026) in Imo State from September 21 to 24, with election security expected to feature prominently in discussions ahead of the 2027 general electi...
By Demola Akinyemi, Ilorin The Federal Government has commissioned a TETFund/Renewed Hope Initiative-backed ICT Experience Centre at the Kwara State University (KWASU), Malete, to equip Nigerian youths with digital skills needed to thrive in a modern and competitive world. Wife o...
The Corporate Affairs Commission is calling for the harmonisation of Nigeria’s beneficial ownership registers to curb illicit financial flows and money lau Read More: https://punchng.com/cac-pushes-unified-corporate-registers-to-curb-illicit-finance/...
Nigeria’s headline inflation rate eased marginally to 15.39% in August 2026, but the Organised Private Sector warns of a threat from rising energy prices. Read More: https://punchng.com/inflation-eases-to-15-39-as-ops-flags-energy-threat/...
The Federal Government has unveiled a 100-day tourism calendar, a digital platform to aggregate Nigeria’s events and unlock a projected $100bn economy. Read More: https://punchng.com/fg-unveils-100-day-tourism-calendar-to-unlock-100bn/...
By Chidinma Chukwu, ABUJA A new report by ThinkBusiness Africa has warned that the proposed increase in Nigeria’s excise duty on sugar-sweetened beverages (SSBs) could significantly raise prices of soft drinks, while its impact on obesity, diabetes and hypertension remains uncert...
An analysis of Nigeria’s creative sector, or ‘orange economy’, celebrating its growth despite challenges and urging for better government support to unlock Read More: https://punchng.com/creative-sector-the-alchemy-of-nigerias-orange-economy/...
The Federal Government has announced plans to extend rail services from Abuja to Zaria, Kaduna, Kano, Daura and Katsina by January of the next year. Read More: https://punchng.com/fg-to-extend-abuja-rail-services-to-five-northern-cities/...
HealthCap Africa has urged pension funds to finance Nigeria’s healthcare sector to bridge funding gaps left by declining foreign aid from USAID and others. Read More: https://punchng.com/pension-funds-urged-to-finance-nigerias-healthcare/...
The Lagos State Parking Authority (LASPA) says parking fee defaulters owe up to N500m and it will begin enforcement against defaulting businesses by Septem Read More: https://punchng.com/lagos-parking-defaulters-owe-n500m-laspa/...
