Gets further commitments from Sinopec, CNOOC to close $20bn upstream deals in months The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has signed Memorandums of Understanding (MoUs) with several Chinese firms for over $80 billion new investments, spanning five years, in...

Nigeria is seeking $40bn to $50bn investment in oil projects with the commencement of a major road show in China, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said. Kachikwu, in an interview with Bloomberg Television in Beijing monitored by our correspondents,...

It was a wonderful state visit to China last month when President Muhammadu Buhari led a high-level government delegation to sign a $6 billion deal to fund joint infrastructure projects. During his visit to Beijing, the Industrial and Commercial Bank of China Ltd (ICBC),...