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ALSCON incurred massive losses for years while its asset were devalued.

Nigeria-American firm, BFIG, recognized last year by the Supreme Court as the authentic bidder for the disputed Aluminium smelter plant, ALSCON, has accused rival Russian …

ALSCON controversy: BFIG accuses RUSAL, Nigeria’s BPE of money laundering is a post from: Premium Times Nigeria

The NBS said the report of the pilot project to compute state’s GDP will be published soon.

The National Bureau of Statistics, NBS, said on Wednesday that the report of the pilot project to compute the Gross Domestic Product, GDP, …

States’ GDP computation report out soon, says Nigeria statistics bureau is a post from: Premium Times Nigeria

Aliko Dangote

One of Africa’s richest men, Aliko Dangote, intends to build a petroleum refinery in Nigeria.

The Chairman, Dangote Group, Aliko Dangote, said on Wednesday that the 400,000 barrels per day capacity refinery he plans to construct in …

Dangote gets N670bn loan to construct Nigeria’s biggest refinery is a post from: Premium Times Nigeria

The survey revealed that hope for new employments this year is rather fragile and downsizing may be inevitable.

Nigeria’s private sector will downsize or at best, maintain its current level of workforce in 2013 as the nation’s business environment remains …

Nigeria’s Private Sector to downsize in 2013- LCCI report is a post from: Premium Times Nigeria

Nigeria’s inflation rate has fallen to the lowest and will start to rise in the second quarter, experts say.

Nigeria’s inflation rate which fell to about 8.6 per cent year-on-year (y-o-y) in March, from 9.5 per cent in February has …

Finance experts say Nigerian inflation to rise in second quarter is a post from: Premium Times Nigeria

Dangote Sugar will pay its shareholders a dividend of 50 kobo for the financial year of 2012.
Dangote Sugar Plc on Wednesday announced N0.50k dividend payment for its shareholders for the financial year 2012.

“The full numbers are not out …

Dangote Sugar announces N0.50k dividend payment for 2012 is a post from: Premium Times Nigeria

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Chukwuma Soludo had earlier been questioned over the scandal.

A former Managing Director of the Nigerian Security Printing and Minting Company, Ehi Okomoyon, has been arrested for his role in the polymer notes bribery scandal.

Mr. Okomoyon was …

EFCC arrests ex-Nigeria currency printing boss, Okomoyon, over polymer note bribery scandal is a post from: Premium Times Nigeria

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The Russian firm which should inject life into ALSCON is turning out to fritter its resources.

When workers at the Aluminum Smelter Company of Nigeria, ALSCON, Ikot Abasi, Akwa Ibom State, staged a grounding sit-in at …

How Rusal crippled ALSCON with dubious N22billion loan is a post from: Premium Times Nigeria

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The aggrieved workers accuse RUSAL of ignoring a MoU between them and the company.

Aggrieved workers and indigenes of communities hosting the Aluminum Smelter Company of Nigeria, ALSCON, Ikot Abasi, Akwa Ibom State, on Tuesday protested …

ALSCON workers, host communities protest RUSAL’s sack of 475 Nigerians is a post from: Premium Times Nigeria

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The ALSCON privatisation controversy is still on.

The privatization of the Aluminum Smelter Company of Nigeria, ALSCON, Ikot Abasi, Akwa Ibom State may well be one of Nigeria’s longest attempt to privatise a public asset by the …

14 basic facts to understand the ALSCON privatization controversy is a post from: Premium Times Nigeria

The workers will get all their entitlements, government officials said.

The Federal Government has set up a committee to pay members of the National Union of Electricity Employees (NUEE) their terminal benefits.

Workers of Power Holding Company of Nigeria (…

Nigerian government sets up committee to pay electricity workers’ terminal benefits is a post from: Premium Times Nigeria

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BPE rescinds sale of ALSCON to BFIGroup.

The conspiracy and intrigues that has frustrated the privatization of Aluminum Smelter Company of Nigeria, ALSCON, since 2004 again reared its head on Tuesday, when the Bureau of Public Enterprise, BPE …

Terminating BPE’s offer on ALSCON illegal, says BFIG is a post from: Premium Times Nigeria

[Photo: leatherkraft.com]

Nigeria reportedly produces the third best leather in the world.

The first-ever Made in Nigeria Leather Goods Fair is scheduled to take place at the City Park in Wuse 2, Abuja on April 5 and 7.

The fair …

Made-In-Nigeria Leather Goods Fair holds in Abuja is a post from: Premium Times Nigeria

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The BPE announced the decision of the Federal Government on Tuesday.

The Federal Government has cancelled the sale of the Aluminum Smelter Company of Nigeria, ALSCON, to BFIGroup Corporation.

The government’s decision was announced by the Bureau …

Nigeria terminates ALSCON sale to BFIG is a post from: Premium Times Nigeria

The Enugu Governor expressed his pleasure at the expected revival of the flour mill.

A Vietnamese company, DAO-VTV International Trading Services and Investment Ltd has signed an agreement to take over the moribund Enugu Sunrise Flour Mill for a period …

Vietnamese company takes over Enugu’s Sunrise Flour Mill is a post from: Premium Times Nigeria