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After $8bn burned, Nigeria’s idle 50-year-old mill gets new gas deal

BusinessDay Aug 6, 2026 · 14:14 WAT
Nigeria has reached a gas-supply agreement for the long-idle Ajaokuta Steel Company, a development officials say could support efforts to revive the 50-year-old mill. The agreement links gas infrastructure with steel production and broader industrial activity, although no listed company is identified in the report.
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