Loans: China Can Seize Assets If Nigeria Defaults, Says Amaechi
The Minister of Transportation, Mr. Rotimi Amaechi, has said if Nigeria defaults on loans repayment, China has right to take over those assets and run them until it recovers its money.
The minister spoke to journalists...
Nigeria, China Finalising Negotiations On N43.24bn Ibadan Port
Negotiations between the Federal Government and China Railway Construction Corporation Limited for the construction of the Ibadan Inland Dry Port is nearing completion, the Nigerian Shippers’ Council announced on Sunday.
The CRCC is the preferred bidder for the...
China Reversing Nigeria’s Infrastructural Deficit, Says Buhari
President Muhammadu Buhari, on Tuesday lauded what he called China’s contributions towards the reversal of infrastructure deficit in Nigeria.
He said such contributions were visible in the areas of rail, roads, airports and power.
According to a statement by his...
Nigeria’s Exports To China, India, Others Now N1.87trn
Commodity exports from Nigeria to China, India, Spain, Netherlands and South Africa in the first quarter of this year hit N1.87tn, the National Bureau of Statistics has said.
The NBS disclosed this in its Commodity Price Indices Terms...
China and Africa's Solidarity Against COVID-19
By Lawal Sale Maida
On June 17, the Peoples Republic of China and African leaders met via a teleconference to discuss ways and strategies against the ravaging COVID-19, in furtherance of their joint efforts against the pandemic. The meeting, a...
Fed Govt Approaches China For $17bn Loans
The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan request.
It said other lending institutions like the World Bank and the African Development Bank were not showing much interest when...
