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Ajaokuta Steel Drains ₦6.04bn in Wages in 2026 as Nigeria’s Industrial Revival Stalls

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Ajaokuta Steel

    The Federal Government has proposed a N6.69 billion allocation for Ajaokuta Steel Company Limited in the 2026 fiscal year, once again highlighting the heavy fiscal cost of sustaining a non-operational industrial giant more than four decades after it was conceived. Details of the 2026 Appropriation Bill show that personnel costs alone will gulp […]

Parma players, coaches agree to forego one month’s wages

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Rome – Players and coaches at Parma have agreed to forego one month’s wages to help the Italian side through the stoppage caused by the novel coronavirus outbreak, the club said on Wednesday. Parma became the third Serie A team to agree wage cuts with the players. Titleholders Juventus will see salaries reduced during a […]