Modular Refineries: FG Eyes 100,000 Jobs, Secures $500m Loan From China The Federal Government has secured a $500 million (about N179.9 billion) facility from the Export Import Bank of China (CEXIM) through the Bank of Industry (BOI) for the establishment of modular refineries and the...

Mambila Hydropower : Buhari Gets China’s Support For 3,050MW Project President Muhammadu Buhari on Wednesday secured the support of the Chinese President, Xi Jinping, for the building of the 3,050 megawatts Mambila hydroelectric power project. The Senior Special Assistant to the President on Media and Publicity,...

Ghana is Investors’ haven – Akufo-Addo Ghanaian President Akufo-Addo has described his country as “haven of peace, security and stability’’ that protects legitimate investments. He assured the business community in China that their preferred investment destination in Africa should be Ghana. He spoke at the Ghana-China Investment...

China Announces Fresh $60bn Assistance For Nigeria, Other African Countries The President of the Republic of China, Xi Jinping, on Monday, announced a fresh assistance of $60bn to finance infrastructure in Africa. He said this at the opening ceremony of the 2018 Beijing Summit of the...

Oil Prices Higher as U.S. Sanctions Limit Iran Exports Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November. Brent crude oil was up at 78.09 dollars a barrel. U.S. crude was 10 cents higher...

China, Africa’s best trading partner for 9 successive years China has been Africa’s largest trading partner for nine(9) years in a row as major cooperation programmes boosted bilateral trade, official data showed. China-Africa trade has been growing robustly since the launch of 10 major cooperation plans...