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USD/NGN 1,334.42 ▴0.1%GBP/NGN 1,787.16 ▴0.4%USD/NGN black market ₦1,380GBP/NGN black market ₦1,845EUR/NGN 1,498.85 ▴0.2%JPY/NGN 8.44 ▴0.2%CAD/NGN 949.89 ▴0.2%

Nigeria’s Ajaokuta steel revival hobbled by power, raw material gaps

…Experts demand integrated steel policy to unlock private investment, cut $4 billion import dependence Nigeria’s effort to revive the Ajaokuta

Aggregated · originally by BusinessDay
22 Oct 2026, 10:30 WAT · 3 min read
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Nigeria’s Ajaokuta steel revival hobbled by power, raw material gaps