CBN, China Expand Trade With CNY1.18bn   A total of CNY1.18bn had been auctioned in the market as of the end of June 2019 since the Central Bank of Nigeria signed a Bilateral Currency Swap Agreement with the People’s Bank of China in April 2018. A total...

Nigeria, China’s Bilateral Trade Now $8.6bn   Nigeria and China recorded $8.6bn bilateral trade between January and June 2019. There had also been an increase in the projects undertaken by China in the country. The Consul General, Chu Maoming, said this in his speech at the reception to...

China Invests $16bn In Nigeria's Oil Sector   Chinese investment in Nigeria's oil and gas industry has reached $16 billion, according to Nigeria's state-run oil company. While Nigeria's oil industry welcomes China's interest, analysts worry about a lack of transparency in the sector and slow development...

Dangote Refinery’s Processing Unit Leaves China A piece of equipment that will process crude oil for Dangote refinery has set sail from China, Sinopec Corporation said on Monday. The 650,000 barrel-per-day refinery being built in Lagos is set to be Africa’s largest, and could transform the...

As Output Surges, China Exports Petrol To Nigeria China will increase its petrol exports to near record levels in July and August with cargoes moving to Nigeria and Mexico as refiners seek outlets for their fuel amid a wave of new production and slowing domestic...

China, US officials Hold trade talks before Trump-Xi meeting Senior Chinese and US officials have held a phone conversation about bilateral trade ahead of a meeting between China’s President Xi Jinping and his US counterpart, Donald Trump, slated for later this week and amid a...