Dangote Oil Refinery Announces Key Equipment Arrival   Dangote Petroleum Refinery and Petrochemicals Company on Sunday announced the arrival of the key equipment that would process crude oil in its refinery being built in Lagos. The firm, in a statement, described the crude distillation column equipment as...

FG, China Sign $3.9bn Contract For Abuja-Itakpe-Warri Rail     The Federal Government has signed a $3.9bn contract with the China Railway Construction Corporation Limited for the construction of a new Abuja-Itakpe-Lokoja rail line. The rail line will pass through Baro and have a branch line to Lokoja,...

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...